Berkshire Hathaway’s operating profit fell 29% in Q4 2025—Warren Buffett’s final quarter as CEO—driven by weak insurance results. Greg Abel will take over. No share repurchases were made.
Kinetik Holdings, a major pipeline operator in the Delaware Basin, is exploring a sale after interest from Occidental-backed Western Midstream. This comes as surging natural gas demand fuels more energy deals.
US oil company shares jumped after Trump announced plans to control Venezuela's oil. Chevron, Exxon, and ConocoPhillips lead gains as access to world's largest reserves opens up.
Berkshire Hathaway is in talks to acquire Occidental Petroleum's OxyChem division for approximately $10 billion, marking Buffett's largest deal since 2022.
Buffett-backed Occidental Petroleum is preparing its largest-ever asset sale, aiming to sell its massive OxyChem division for an estimated $10 billion. This move is critical to help the company reduce its heavy debt burden.
