LNG

Warren Buffett, the Chief Executive and Chairman of Berkshire Hathaway and America’s best-known investor, said his group did not intend to acquire more shares in Occidental Petroleum nor try and take it over while it also sold billions-worth of shares in LNG operator Chevron Corp. and dumped more US bank stocks.

Pioneer Natural Resources, the biggest Texas oil producer and the largest acreage holder in the oil and gas-rich Permian Basin of the southwest US, reported fourth-quarter profits that were better than expected and said it would push ahead with drilling, completions, facilities and water infrastructure spending of up to $4.75 billion in 2023.