Latest news with #Occidental
Yahoo
2 days ago
- Business
- Yahoo
Warren Buffett to Step Down by End of 2025. Here Are 3 Stocks He Might Buy on the Way Out
Buffett will retire as Berkshire's CEO this year. Here are three stocks that may be on his 2025 buy list. 10 stocks we like better than Berkshire Hathaway › It's official. Warren Buffett has asked the board of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) to replace him as chief executive officer by the end of 2025. Now 94 years old, Buffett has been signaling a leadership transition for years, carefully building a team capable of heading the diversified business giant in the decades to come. Before he gives up some of his power, Buffett might choose to up Berkshire's stakes in some of his favorite investments. If that occurs, I'm betting on the three stocks below. Buffett is a big fan of Occidental Petroleum (NYSE: OXY). Don't take my word for it -- just ask him. He apparently "read every word" of the company's earnings transcript one quarter, noting that the company's management was doing "exactly what I would be doing." CEO Vicki Hollub was "running the company the right way," Buffett added. What exactly caused Buffett to fall in love with Occidental? Occidental's revenue stream is largely dominated by upstream production, but it does have some midstream and chemical production assets. Occidental's stock price has outpaced the price of oil during the past five years, suggesting an ability to create value apart from swings in commodity prices. Importantly, however, the company's valuation has increased according to some metrics, accounting for some or even much of that performance. The company is currently deleveraging itself following the acquisition of CrownRock, and it trades at a reasonable 17.4 times earnings with a 2.2% dividend yield. The company's future will still largely be determined by commodity prices. But Buffett's glowing comments, plus a recent filing that allows Berkshire to acquire as much as half of the total company, suggests that more buying may be on the way. Just last quarter, Berkshire acquired 760,000 more shares -- making this one of the few positions it added to. OXY data by YCharts Berkshire already owns $2.1 billion worth of Amazon (NASDAQ: AMZN). I expect it to buy even more over time. In fact, I expect Berkshire to continue buying Amazon stock long after Buffett departs. Berkshire first bought shares of Amazon in 2019. Over time, we learned that it wasn't even Buffett who made the call. Instead, it was likely the purchase decision of two of Buffett's lieutenants: Ted Weschler and Todd Combs. Buffett reportedly called himself an "idiot" for not buying Amazon previously. What does the Berkshire gang love so much about Amazon? There's the sprawling e-commerce division that has a huge economic moat. More than half of all online shoppers check Amazon first before going to any other website, search engines included. But there's also the Amazon Web Services division, which is growing by leaps and bounds thanks to the rapid expansion of artificial intelligence (AI) technologies. The AWS division already contributes more than half of Amazon's operating profit, and the long growth runway of AI should increase the importance of this division for decades to come. Whether it's the decision of Buffett, Combs, or Weschler, expect Berkshire to continue adding to its Amazon position. Chubb (NYSE: CB) is one of the more boring stocks in Berkshire's portfolio. That's likely why Buffett loves the company so much. At the core of Berkshire's empire sits a portfolio of insurance companies. These businesses generate extra cash because they don't need to return premiums to policy holders until a claim is filed. For decades, Buffett has used this "free" cash to invest in a variety of securities. So it's safe to say that Buffett understands the insurance sector very well. The insurance industry has gotten increasingly crowded in recent years. Yet Chubb has been able to generate consistent underwriting profits. Its combined ratio has consistently been below 100%, meaning that it has paid out less in claims than it has collected in premiums. In recent quarters, its combined ratio has been as low as 86% -- an impressive figure in today's tight market. Don't expect huge moves from Chubb. The stock's beta is just 0.56. But that minimized volatility could allow Buffett to put more of its growing cash pile to work in an industry he arguably understands better than anybody. Before you buy stock in Berkshire Hathaway, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Berkshire Hathaway wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy. Warren Buffett to Step Down by End of 2025. Here Are 3 Stocks He Might Buy on the Way Out was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
1PointFive Announces 50,000 Metric Ton Carbon Removal Agreement with JPMorganChase
Transaction advances Direct Air Capture as a decarbonization solution for one of the world's largest financial organizations HOUSTON, June 24, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, today announced that JPMorganChase purchased 50,000 metric tons of carbon dioxide removal (CDR) credits over 10 years enabled by Direct Air Capture (DAC). The agreement demonstrates the increasing adoption of durable carbon removal technologies that help organizations achieve their sustainability goals and support the development of vital energy infrastructure in the United States. The CDR credits for JPMorganChase will be produced from STRATOS, 1PointFive's first DAC facility in Texas that is starting up this year. As a subsidiary of Occidental, 1PointFive is leveraging more than 50 years of carbon management expertise and major projects experience to deliver commercial-scale DAC. The agreement is part of the bank's strategy to address operational emissions, which also helps establish a market for high-quality and durable carbon removal credits. The captured carbon dioxide underlying the credits will be stored through saline sequestration. 'We're excited to work with JPMorganChase and believe this agreement further demonstrates how leading organizations are integrating Direct Air Capture credits into their portfolios,' said Michael Avery, President and General Manager of 1PointFive. 'Momentum from CDR buyers helps us move the technology forward and build infrastructure that creates economic opportunities in the United States.' 'With STRATOS set to be commercially operational this year, JPMorganChase is proud to support large scale deployment of DAC technology. This offtake agreement builds on our diverse, high-quality portfolio of carbon removal projects to address our unabated operational emissions and aligns with our ongoing efforts to help scale the growth and development of carbon removal technologies,' said Taylor Wright, Head of Operational Decarbonization, JPMorganChase. About 1PointFive 1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture and AIR TO FUELS™ solutions alongside geologic sequestration hubs. Visit for more information. AIR TO FUELS™ is a registered trademark of Carbon Engineering Ltd. Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including those relating to the agreement's benefits and related impact on carbon emissions and Occidental's (NYSE: OXY) and its subsidiaries' deployment and use of DAC technology, which are based on Occidental's current expectations, beliefs, plans, estimates, and forecasts. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. Words such as 'believe,' 'will,' 'may,' 'expect,' 'plan,' or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Occidental does not undertake any obligation to update, modify, or withdraw any forward-looking statements as a result of new information, future events, or otherwise. These statements are not guarantees of future performance as they involve assumptions that may prove to be incorrect and risks and uncertainties, including those that are beyond Occidental's control. Factors that may cause actual results to differ materially from forward-looking statements include Occidental's ability to access necessary technology, to develop and employ existing or new technology on a commercial scale, to access capital, to collaborate with third parties and customers, and to receive approvals from regulatory bodies, as well as market conditions, geopolitical events, and scientific developments. Additional factors that may affect the agreement's benefits and related impact on carbon emissions and Occidental's and its subsidiaries' ability to deploy DAC technology can be found in Occidental's public disclosure and its filings with the U.S. Securities and Exchange Commission (SEC), which may be accessed at Occidental's website at or the SEC's website at Information included herein is not necessarily material to an investor in Occidental's securities. Contacts 1PointFive - Media 1PointFive - Investors Eric Moses+1 713-497-2017eric_moses@ R. Jordan Tanner+1 713-552-8811investors@
Yahoo
24-06-2025
- Business
- Yahoo
1PointFive Announces 50,000 Metric Ton Carbon Removal Agreement with JPMorganChase
Transaction advances Direct Air Capture as a decarbonization solution for one of the world's largest financial organizations HOUSTON, June 24, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, today announced that JPMorganChase purchased 50,000 metric tons of carbon dioxide removal (CDR) credits over 10 years enabled by Direct Air Capture (DAC). The agreement demonstrates the increasing adoption of durable carbon removal technologies that help organizations achieve their sustainability goals and support the development of vital energy infrastructure in the United States. The CDR credits for JPMorganChase will be produced from STRATOS, 1PointFive's first DAC facility in Texas that is starting up this year. As a subsidiary of Occidental, 1PointFive is leveraging more than 50 years of carbon management expertise and major projects experience to deliver commercial-scale DAC. The agreement is part of the bank's strategy to address operational emissions, which also helps establish a market for high-quality and durable carbon removal credits. The captured carbon dioxide underlying the credits will be stored through saline sequestration. 'We're excited to work with JPMorganChase and believe this agreement further demonstrates how leading organizations are integrating Direct Air Capture credits into their portfolios,' said Michael Avery, President and General Manager of 1PointFive. 'Momentum from CDR buyers helps us move the technology forward and build infrastructure that creates economic opportunities in the United States.' 'With STRATOS set to be commercially operational this year, JPMorganChase is proud to support large scale deployment of DAC technology. This offtake agreement builds on our diverse, high-quality portfolio of carbon removal projects to address our unabated operational emissions and aligns with our ongoing efforts to help scale the growth and development of carbon removal technologies,' said Taylor Wright, Head of Operational Decarbonization, JPMorganChase. About 1PointFive 1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture and AIR TO FUELS™ solutions alongside geologic sequestration hubs. Visit for more information. AIR TO FUELS™ is a registered trademark of Carbon Engineering Ltd. Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including those relating to the agreement's benefits and related impact on carbon emissions and Occidental's (NYSE: OXY) and its subsidiaries' deployment and use of DAC technology, which are based on Occidental's current expectations, beliefs, plans, estimates, and forecasts. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. Words such as 'believe,' 'will,' 'may,' 'expect,' 'plan,' or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Occidental does not undertake any obligation to update, modify, or withdraw any forward-looking statements as a result of new information, future events, or otherwise. These statements are not guarantees of future performance as they involve assumptions that may prove to be incorrect and risks and uncertainties, including those that are beyond Occidental's control. Factors that may cause actual results to differ materially from forward-looking statements include Occidental's ability to access necessary technology, to develop and employ existing or new technology on a commercial scale, to access capital, to collaborate with third parties and customers, and to receive approvals from regulatory bodies, as well as market conditions, geopolitical events, and scientific developments. Additional factors that may affect the agreement's benefits and related impact on carbon emissions and Occidental's and its subsidiaries' ability to deploy DAC technology can be found in Occidental's public disclosure and its filings with the U.S. Securities and Exchange Commission (SEC), which may be accessed at Occidental's website at or the SEC's website at Information included herein is not necessarily material to an investor in Occidental's securities. Contacts 1PointFive - Media 1PointFive - Investors Eric Moses+1 713-497-2017eric_moses@ R. Jordan Tanner+1 713-552-8811investors@
Hans India
22-06-2025
- Entertainment
- Hans India
Meet Dr Shadab Ahmed the surgeon with an extraordinary poetic precision
Dr Shadab Ahmed is a prominent and acclaimed name in the translation and transliteration of 'Indian, Persian and Ottoman antiquarian manuscripts. An author of more than 10 published books on 'Indian & Persian ethnic prose-poetry', his interpretations and paraphrases are widely read and appreciated in the Indo-Persian scholarly community trans-continentally. Several of his translated verses appear in major digital libraries around the globe and are critically analysed by renowned critics and academicians. His translations blend analytical rigor with extraordinary poetic precision, extrapolating and interfacing complex verses into elaborate enthralling wordplays. His works explore the essence and leitmotif of the celebrated literary compositions from the bygone empires as much as they throw an important light on the socio-political, ethnic and cultural analysis of those eras. The themes of his works are varied and idiosyncratic - selectively compiled, curated, structured and standardised. The passages and verses are carefully chosen and researched, intermixing the associated Occidental and Oriental explications. Be it the entranced turmoiled devotion to the beloved or proscribed suppressed literature illustrating the classified carnalization of the monarchs and sovereigns, it is presented in a lavish linguistic rhymeplay which catches both the incurious and inquisitive eyes. A unique feature of his own composed verses and quatrains lies in the reflection of an altered transitional consciousness, in which the author appears to be subtly invoking God and communicating implicitly. The result is often a quatrain with metaphysical interpretation and perspective. The language used in the translations is standardized American and British English, with unusual words assembling together to develop a beautiful narrative. But that won't be all. Apart from being a successful writer and author, Dr Ahmed is also a professional Oral & Maxillofacial Surgeon, intrinsically involved in quality assurance programs of several institutions and universities. Based in India, his extra-professional and extra-academic interests goes into real estating, property development and investment management. A bibliophile and passionate reader, he reads whenever his busy schedule permits and is a prudent scholar of Indian & World History, Metaphysical & Aesthetic Philosophy, Abrahamic, Indic & Vedic Religions and Tantric Sciences. Dr Ahmed is also a noted columnist on Indian polity, geopolitics, realpolitik and international affairs. His opinions and editorials appear in various national print media are as well-read and well-liked as his books are. Hailing from North-East India, Dr Ahmed finished his under-graduation from Bihar and post-graduation from Tamil Nadu. He has previously worked in the North East Frontier Railway's, based at NFR Headquarters, Assam. When asked where he sees himself ahead in life, he enigmatically smiles before letting us know that he is looking forward to be an entrepreneur. One challenge at a time, and two ahead for a vision is his mantra to proceed forward in life. He has several academic and non-academic books lined up for publication and release in the coming months. His next book 'The Despicable Musalman' is eagerly awaited, which provides a comprehensive account of the Islamization of India and takes on various egocentric and megalomaniac personalities from the Arabian, Ghurid, Ghaznavid, Turkish, Mongol, Mughal empires and sultanates – whose policies and practices are vital in shaping up Indian polity and administrative structure. We wish him all the best for his academic accomplishments and extra-academic endeavours.
Arabian Post
18-06-2025
- Business
- Arabian Post
UAE's ADNOC to Unleash $440bn Energy Surge in US
Arabian Post Staff -Dubai Abu Dhabi's state‑owned oil giant ADNOC has unveiled plans to escalate its U.S. energy investments six‑fold over the next decade, targeting a total of $440 billion. Speaking in Washington on 17 June, Sultan al‑Jaber, ADNOC Chief Executive and UAE Minister of Industry and Advanced Technology, declared that the American market is 'not just a priority; it is an investment imperative' for the company's global expansion. Al‑Jaber underlined the urgency of the move, emphasising that artificial intelligence represents a 'once‑in‑a‑generation investment opportunity.' He pointed out that the growth of data centres driven by AI will demand substantial power— 'The next stage of evolution' in energy consumption, he said. The planned investments will span a wide spectrum: anchor stakes in the largest liquefied natural gas facility in Texas, petrochemical plants, and the deployment of 5.5 gigawatts of renewable energy paired with storage systems 'from coast to coast'. ADVERTISEMENT ADNOC's international investment arm, XRG, is cementing its presence with a new Washington office, aimed at steering these high‑stakes ventures. XRG has already struck a deal with Occidental's 1PointFive for a direct air capture project in Texas, with potential investment reaching $500 million. Additional widescale cooperation includes agreements to develop U.S. gas, LNG, specialty chemicals and energy infrastructure. The announcement synchronises with a broader bilateral strategy: in March, senior UAE officials committed to a ten‑year, $1.4 trillion investment framework in the U.S., covering sectors such as AI, energy, semiconductors and manufacturing. As part of that pact, U.S. companies agreed to invest $60 billion in UAE energy assets. The XRG–Occidental partnership, as well as other collaborations involving ExxonMobil, Japanese firms Inpex and JODCO, is expected to expand capacity at Abu Dhabi's major offshore oil field, Upper Zakum. At the Atlantic Council Global Energy Forum in Washington, al‑Jaber addressed the broader challenge of powering AI, stating that U.S. energy infrastructure must undergo a 'system‑wide shift' to keep pace. He highlighted the need to hyperscale energy supply—from gas, renewables with storage and nuclear—to meet the projected requirement of 50–150 GW of new capacity just in the next five years. He warned against prematurely retiring existing power plants, advocating instead for grid modernisation and rapid permitting for new infrastructure. Environmental groups have voiced concern that the surge in AI‑driven energy demand could lead to rising carbon emissions unless clean energy is prioritised. In response, al‑Jaber suggested that AI could, in fact, offer solutions—optimising grid efficiency and managing load fluctuations, effectively 'unlocking its own energy challenge'. The energy‑AI summit ENACT, hosted by XRG and MGX alongside the Atlantic Council, gathered leading figures from across the energy, tech and finance sectors. Delegates, including representatives from Exxon, OpenAI and BP, discussed mid‑ and long‑term strategies to address the escalating power needs of hyperscale data centres. These developments are set against a backdrop of rising instability in the Middle East, where al‑Jaber cautioned that energy remains a 'cornerstone of peace, stability and prosperity,' signalling that the new chapter of collaboration aims to underpin global energy security. For the U.S., the influx of investment promises a host of benefits: large‑scale infrastructure expansion, high‑task employment, and reinforced energy resilience. Projects under the UAE umbrella—from LNG plants to hydrogen and carbon capture initiatives—are poised to generate thousands of jobs, while U.S. energy firms gain access to new development avenues both at home and back in the Gulf. Yet questions remain. Policy experts stress that realisation of al‑Jaber's ambitious vision will depend heavily on ensuring timely regulatory approvals and creating an effective risk environment for private capital. Moreover, balancing fossil fuel commitments with the drive toward decarbonisation will require clear direction from both governments and industry stakeholders.
