Altria, Philip Morris Sign Manufacturing Pact
Altria and Philip Morris International enter a contract manufacturing deal to strengthen operating capabilities.
Stocks · News reference
Occidental Petroleum reports Q2 updates, netting $96.78/bbl worldwide average oil prices ahead of its Aug 5 earnings catalyst.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Altria and Philip Morris International enter a contract manufacturing deal to strengthen operating capabilities.
ExxonMobil shares rise as oil tops $85 amid Strait of Hormuz disruptions, while the energy sector gains about 40% year to date.
Analysts initiated coverage: Neutral COP; Buy TLSA ($7), OXY ($73), NRSN ($8); Sell SM ($35).
Seaport Global analyst Vin Lovaglio initiates coverage on Occidental Petroleum (NYSE:OXY) with a Buy rating and announces Price Target of $73.
Trump suggests renaming Strait of Hormuz as Russia reportedly aids Iran’s missile program, while oil producers profit from price gains.
Berkshire Hathaway is positioning itself to capitalize on AI growth through its energy subsidiary, Berkshire Hathaway Energy (BHE). CEO Greg Abel revealed that data centers now account for 8% of demand in Iowa's energy market, with BHE planning $33.5 billion in capital expenditures through 2026 to expand power generation and transmission. Combined with its large Alphabet stake, Berkshire is leveraging its diversified business portfolio to benefit from the AI revolution.