{"id":515862,"date":"2022-08-22T10:51:34","date_gmt":"2022-08-22T05:21:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=515862"},"modified":"2022-08-22T12:21:17","modified_gmt":"2022-08-22T06:51:17","slug":"berkshire-hathaway-cleared-to-buy-up-to-50-of-occidental-petroleum","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/berkshire-hathaway-cleared-to-buy-up-to-50-of-occidental-petroleum\/","title":{"rendered":"Berkshire Hathaway cleared to buy up to 50% of Occidental Petroleum"},"content":{"rendered":"<p>Warren Buffett\u2019s Berkshire Hathaway received authorization Friday from federal energy regulators to acquire up to 50 per cent of Occidental Petroleum, one of country\u2019s largest oil and natural gas producers. <\/p>\n<p>The Federal Energy Regulatory Commission said in its order authorizing the partial acquisition that Berkshire said in its July request that the share purchase \u201cwould not have an adverse effect\u201d on utility rates and would not hurt competition.<\/p>\n<p>This month, Berkshire disclosed that it had already accumulated more than 20 per cent of Occidental\u2019s shares. Shares of the oil company, which is based in Houston, had already risen more than 100 per cent this year and climbed an additional 9 per cent after the commission released its order Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett\u2019s Berkshire Hathaway received authorization Friday from federal energy regulators to acquire up to 50 per cent of Occidental Petroleum, one of country\u2019s largest oil and natural gas producers. The Federal Energy Regulatory Commission said in its order authorizing the partial acquisition that Berkshire said in its July request that the share purchase \u201cwould not have an adverse effect\u201d on utility rates and would not hurt competition. This month, Berkshire disclosed that it had already accumulated more than 20 per cent of Occidental\u2019s shares. Shares of the oil company, which is based in Houston, had already risen more than [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-515862","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=515862"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515862\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=515862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=515862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=515862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}