Pipeline Operator Kinetik Said to Review Sale After Early-Stage Talks
Advisers are preparing a process that could start within weeks.
Advisers are preparing a process that could start within weeks.
Ongoing conflicts in the Middle East are disrupting fertilizer shipments through key routes like the Strait of Hormuz, pushing up prices and boosting shares of major agricultural and chemical companies for the second day in a row.
Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
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.