Occidental Petroleum (Oxy) Archives - Page 8 of 10

Occidental Announces -Andrew Gould Elected to Occidental Board of Directors Oil & Gas 360

Occidental Petroleum CFO Cedric Burgher to be Keynote Speaker on Day One of The Oil & Gas Conference® 2019

June 12, 2019

EnerCom conference presenter schedule is posted By Bevo Beaven, Editor, Oil & Gas 360 EnerCom said that Senior Vice President and Chief Financial Officer of Occidental Petroleum (NYSE: OXY) Cedric Burgher will deliver the luncheon keynote address on Monday, August 12, 2019, at EnerCom’s The Oil & Gas Conference® in downtown Denver’s Westin hotel. Burgher joined Occidental in May 2017 bringing more than 25 years of experience in the energy sector. Prior

Occidental Announces Early Termination of Hart-Scott-Rodino Waiting Period

June 4, 2019

Occidental Announces Early Termination of Hart-Scott-Rodino Waiting Period

Oil & Gas 360 - Icahn sues Oxy over Anadarko Deal

Carl Icahn Sues Occidental for ‘Misguided’ Anadarko Takeover

May 31, 2019

Rather than plunking down tens of billions of dollars on Anadarko, Icahn argued that Occidental should instead have put itself up for sale From CNN Business New York (CNN Business) Billionaire Carl Icahn launched a legal attack on Occidental Petroleum on Thursday, arguing the oil company paid way too much money to acquire Anadarko Petroleum. Icahn, whose firms own about $1.6 billion

Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

Continental Petroleum Chairman Harold Hamm to Keynote EnerCom’s The Oil & Gas Conference® Tues. Aug. 13, 2019

May 29, 2019

Occidental Petroleum (NYSE: OXY) CFO Cedric Burgher will give the EnerCom luncheon keynote address on Monday, Aug. 12. EnerCom said that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources (NYSE: CLR), will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas exploration in a “fireside chat” Tuesday,

Buffett’s Betting on Oil, and He’s Rarely Wrong

May 29, 2019

From Forbes – George Schultze I’ve long been a believer that there’s always opportunity in the energy field, if you know where to look for it. With his recent commitment of $10 BN to help Occidental acquire Anadarko, Warren Buffett appears to be of the same mind. And history has shown that many investors have done well by following the

Chevron Takes the Money and Runs

May 9, 2019

$1 billion breakup fee makes easy payday for Chevron shareholders By Richard Rostad, analyst, Oil & Gas 360 Chevron (ticker: CVX) announced today it will concede to Occidental (ticker: OXY) in the bidding war for Anadarko (ticker: APC). While Chevron could theoretically outbid Oxy in its quest for Anadarko, Chairman and CEO Michael Wirth decided the price of doing so

Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 million.

Anadarko Accepts Occidental Bid; Chevron May Now Respond

May 7, 2019

From Bloomberg Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years. The announcement by Anadarko, which had rebuffed several prior bids from Occidental, comes almost a month after it agreed

Occidental CEO on Verge of Outmuscling a Rival Five Times as Big

May 7, 2019

From Bloomberg Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub is on the cusp of winning a David versus Goliath bidding war that has captivated the oil industry. After making a series of approaches to rival Anadarko Petroleum Corp. about a merger over almost two years, Hollub was outflanked last month when the company embraced a takeover offer from Chevron Corp.,

If you have a meeting with Warren Buffett in Omaha and you want to keep it a secret, consider driving. The airports are being watched.

Occidental Says Anadarko’s Fleet of Corporate Jets Has Got to Go

May 7, 2019

From Bloomberg Anadarko Petroleum Corp.’s fleet of corporate jets is high on Occidental Petroleum Corp.’s list of things to sell if its takeover bid for the shale explorer succeeds. Occidental executives racked up more than 11,000 miles (17,700 kilometers) on the corporate jet in the past two weeks hopscotching between Houston, Paris and Omaha, Nebraska, to line up support for its

Oxy-Anadarko Saga Accelerates

May 6, 2019

“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

What Chevron Stands to Lose If Occidental Wins Bidding War for Anadarko

May 6, 2019

From CNBC Chevron’s leaders insist the company’s fortunes don’t rely on dealmaking, but the oil major nevertheless has much to lose if it does not prevail in an ongoing battle with Occidental Petroleum to take control of Anadarko Petroleum. Since Occidental first revealed its challenge to Chevron’s $33 billion agreement to buy Anadarko, analysts have largely seen Chevron as the likely victor. The prize includes acreage

Occidental, Chevron Aren’t the Only Deal-Hungry Oil Drillers

May 3, 2019

From The Wall Street Journal Occidental Petroleum isn’t alone. The Houston-based oil driller dug deep to outbid Chevron for rival Anadarko Petroleum by taking an expensive check from Warren Buffett’s Berkshire Hathaway. Others are on the hunt for assets in the area as a way to boost returns. That competition speaks to why Occidental has come out so strong. West Texas has become a big focus for drillers from ConocoPhillips to EOG Resources . The

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