“We remain perplexed at your apparent resistance to obtaining far more value for Anadarko shareholders” – Oxy CEO Hollub
On earnings call, Hollub calls Anadarko "a generational opportunity"
By Richard Rostad, analyst, Oil & Gas 360

Occidental Petroleum (stock ticker: OXY; $OXY) is going to great lengths to ensure it beats Chevron (ticker: CVX) in the bidding contest for Anadarko Petroleum (stock ticker: APC; $APC).

Oxy has revised its offer for Anadarko, changing the composition of cash and stock. The offer has shifted from $38 cash and 0.6094 shares of Oxy to $59 cash and 0.2934 shares of Oxy, shifting the cash portion of the deal from 50% to 78%.
More cash means no shareholder vote
While the total compensation per share has ...


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