Occidental Petroleum Corporation Warrants to Purchase Common Stock (OXY.WS)

Oil prices are rising due to Ukraine's drone attacks on Russian refineries, potentially disrupting global oil supply. Warren Buffett maintains significant investments in Chevron and Occidental, viewing them as strategic long-term energy holdings.

Berkshire Hathaway prepares for Q2 2025 earnings report, with investors focusing on cash reserves, potential share buybacks, and the leadership transition from Warren Buffett to Greg Abel.

1PointFive, a carbon capture company, secured a 10,000-ton carbon dioxide removal credit agreement with Palo Alto Networks over five years, utilizing Direct Air Capture technology at their STRATOS facility in Texas.

JPMorgan expects a neutral market reaction to Occidental Petroleum's Q1 earnings, as positive results are offset by potential risks to full-year guidance related to U.S. operating expenses and Gulf of Anadarko production.

Occidental Petroleum (OXY) is expected to report improved Q2 2024 results, driven by strong production volumes and cost-saving initiatives. However, exposure to commodity price fluctuations and industry competition remain challenges.