{"id":1441900,"date":"2023-12-03T13:45:00","date_gmt":"2023-12-03T18:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1441900"},"modified":"2023-12-03T13:45:00","modified_gmt":"2023-12-03T18:45:00","slug":"occidental-private-jet-visits-buffetts-hometown-twice-amid-speculation-of-major-shale-deal","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/occidental-private-jet-visits-buffetts-hometown-twice-amid-speculation-of-major-shale-deal\/1441900\/","title":{"rendered":"Occidental Private Jet Visits Buffett’s\u00a0Hometown Twice Amid Speculation Of Major Shale Deal"},"content":{"rendered":"

Occidental Private Jet Visits Buffett’s\u00a0Hometown Twice Amid Speculation Of Major Shale Deal<\/span><\/p>\n

\n

In a move that is raising eyebrows across the energy industry, Occidental Petroleum Corp.’s private jet made not one but two stops at a local airport in Omaha, Nebraska, in November.<\/p>\n

The plot thickens when you consider Omaha is where Warren Buffett, Occidental’s top shareholder, resides. <\/strong><\/p>\n

These visits come as Occidental is gearing up for a new oil patch shale deal reportedly worth billions of dollars.\u00a0<\/p>\n

Bloomberg<\/a>\u00a0reports Occidental’s jet took off from Houston, where the company’s headquarters is located and landed at Eppley Airfield in Omaha on Monday.<\/p>\n

The plane was on the ground for three hours, flew to New York, and returned to Houston by midnight. <\/strong><\/p>\n

Tracking of the jet was made possible by the flight tracking website ADS-B Exchange, which monitors advanced surveillance technology embedded in planes that fly in highly regulated airspace.\u00a0<\/p>\n

News of Occidental’s jet zigzagging around the county came days before Bloomberg reported Occidental was in talks to buy shale driller CrownRock<\/a> LP for $10 billion. ADS-B Exchange data showed the jet visited Omaha two times last month.\u00a0<\/p>\n

The latest data from Bloomberg shows Buffett’s Berkshire Hathaway Inc. owns 25.90% of Occidental.<\/p>\n

<\/a><\/p>\n

The recent activity of Occidental’s jet reminds us of when hedge funds were tracking the plane in 2019 when the company outbid Chevron Corp. to buy Anadarko Petroleum Corp. for $55 billion.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 12\/03\/2023 – 08:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/occidental-private-jet-visits-buffetts-hometown-twice-amid-speculation-major-shale-deal<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Occidental Private Jet Visits Buffett’s\u00a0Hometown Twice Amid Speculation Of Major Shale Deal In a move that is raising eyebrows across the energy industry, Occidental Petroleum…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1441900","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1441900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1441900"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1441900\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1441900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1441900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1441900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}