There's no guarantee these Buffett stocks will take off. But the chances appear to be pretty good.
HOUSTON, October 03, 2022--Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") today announced that it executed a letter of intent ("LOI") with a subsidiary of Occidental Petroleum Corporation (NYSE: OXY) ("Oxy"), with the objective of pursuing opportunities to produce and deliver low-carbon intensity oil and gas products to market through the development of carbon dioxide ("CO2") capture, transportation, utilization and sequestration opportunities in and around their existin
Shares of large-cap oil and gas producers Chevron (NYSE: CVX), Occidental Petroleum (NYSE: OXY), and Devon Energy (NYSE: DVN) were in rally mode today, up 5%, 5.4%, and 7.9%, respectively, as of 11:24 a.m. ET. While many stocks were higher today, oil and gas stocks were particularly strong ahead of the upcoming OPEC+ meeting this week. Over the weekend, The Wall Street Journal reported OPEC+ participants would discuss production cuts at the upcoming meeting to offset falling prices, with the potential for a surprisingly large cut in the offing.