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  4. Buffett's Berkshire Receives Approval to Acquire up to 50% of Occidental Petroleum
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Buffett's Berkshire Receives Approval to Acquire up to 50% of Occidental Petroleum

By Sam Boughedda Warren Buffett's Berkshire Hathaway (NYSE:BRKa) has received Federal Energy Regulatory Commission approval to acquire up to 50% of Occidental Petroleum's...
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Buffett's Berkshire Receives Approval to Acquire up to 50% of Occidental Petroleum © Reuters. Buffett's Berkshire Receives Approval to Acquire up to 50% of Occidental Petroleum

By Sam Boughedda

Warren Buffett's Berkshire Hathaway (NYSE:BRKa) has received Federal Energy Regulatory Commission approval to acquire up to 50% of Occidental Petroleum's (NYSE:OXY) common stock.

Buffett & Co. currently owns 188,366,460 common shares and warrants that cover another 83,858,848 shares. All in, including the warrants, Buffett already controls 272,225,308 shares or 26% of the fully-diluted share count.

Occidental shares jumped 4.5% following the news.

The filing states that Berkshire holds approximately 18.72% of the outstanding common shares of Occidental and is "seeking authorization to acquire up to 50% of Occidental common stock in secondary market transactions."

"After consideration, it is concluded that the Proposed Transaction is consistent with the public interest and is authorized," the filing reads.

Oil and gas prices have surged this year, boosting Occidental's share price. It has gained 134% in 2022 and over 213% in the last 12 months.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.2624

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

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Sell (6)

USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

AUD/USD

0.6522

+0.0007 (+0.11%)

Summary

Sell

Moving Avg:

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Indicators:

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USD/CAD

1.3543

+0.0006 (+0.04%)

Summary

Buy

Moving Avg:

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EUR/JPY

163.37

+0.12 (+0.07%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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EUR/CHF

0.9738

+0.0010 (+0.10%)

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Gold Futures

2,254.80

42.10 (1.90%)

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Moving Avg:

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Silver Futures

25.100

+0.002 (+0.01%)

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Copper Futures

4.0115

-0.0003 (-0.01%)

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

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Brent Oil Futures

86.99

+0.04 (+0.05%)

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Neutral

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Natural Gas Futures

1.752

+0.034 (+1.98%)

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US Coffee C Futures

188.53

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Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

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S&P 500

5,254.35

+5.86 (+0.11%)

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DAX

18,504.51

+27.42 (+0.15%)

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FTSE 100

7,952.62

+20.64 (+0.26%)

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16,541.42

0.00 (0.00%)

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Neutral

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US Small Cap 2000

2,120.15

+5.80 (+0.27%)

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Neutral

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IBEX 35

11,074.60

-36.70 (-0.33%)

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BASF SE NA O.N.

52.930

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Bayer AG NA

28.43

+0.01 (+0.04%)

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Allianz SE VNA O.N.

277.80

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Adidas AG

207.00

+2.30 (+1.12%)

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Deutsche Lufthansa AG

7.281

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↑ Sell

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Siemens AG Class N

176.96

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14.582

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
(0/ 0) # 1,364
SJC Hanoi7,830/ 8,082
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Cập nhật 31-03-2024 10:19:52
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ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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