shareholders Archives - Page 2 of 3

Big oil shareholders revolt over poor long-run returns: Kemp

May 28, 2021

Reuters LONDON -Exxon Mobil’s shareholder revolt has been framed as a climate change issue, but it reflects broader dissatisfaction with the board’s strategy and failure to generate returns for shareholders in recent decades. Many institutional investors are pressing the major international oil companies to reduce their emissions as part of a socially responsible approach to carbon dioxide emissions and climate

Proxy advisor ISS recommends Chevron deal to Noble Energy shareholders

September 11, 2020

Reuters NEW YORK – Institutional Shareholder Services (ISS) has recommended that shareholders of Noble Energy Inc vote in favor of the energy producer’s proposed acquisition by Chevron Corp, the proxy advisory firm said in a statement on Friday. Chevron is aiming to purchase Noble Energy for around $5 billion in stock. When the transaction was announced on July 20, it

Encana shareholder to vote against proposal to exit Canada

November 19, 2019

Reuters Encana Corp shareholder Letko, Brosseau & Associates Inc said on Tuesday it will vote against the oil and gas company’s proposed exit from Canada to the United States. The investment firm, which owns a nearly 4% stake in Encana, said the move will cause significant losses for Canadian investors. Encana was not immediately available for a comment. Last month,

PDC Energy to Acquire SRC Energy

August 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a definitive agreement to acquire SRC Energy Inc. (stock ticker: SRCI), also located in Denver, in an all-stock transaction valued at

Forum Energy Technologies Sells Ashtead Technology

August 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a definitive agreement through its subsidiaries to sell an aggregate 40% interest in Ashtead Technology, a subsea rentals company, to majority

Summit Midstream Appoints New President and CEO

August 9, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Summit Midstream Partners appoints J. Heath Deneke as president, CEO and board member Summit Midstream Partners LP (stock ticker: SMLP), a master limited partnership located in The Woodlands, Texas, has appointed J. Heath Deneke to serve as its president and chief executive officer, effective September 16, 2019. Deneke was also nominated

Saltstone Capital Pens Scathing Letter to Abraxas Petroleum

August 9, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Saltstone Capital Management calls for special committee of the board to review strategic alternatives Billy Bailey, founder and portfolio manager for Saltstone Capital Management LLC, penned a scathing letter to Abraxas Petroleum’s (stock ticker: AXAS) board of directors this week, calling for the creation of a special committee to explore strategic

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

Occidental Closes on Anadarko

August 8, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Occidental Petroleum completes its $55 billion takeover of Anadarko Petroleum Occidental Petroleum Corporation (stock ticker: OXY), led by President and CEO Vicki Hollub, has completed its acquisition of Anadarko Petroleum Corporation (stock ticker: APC) in a deal worth $55 billion, including the assumption of Anadarko’s debt. The closing of the transaction

Amplify Energy Announces Release of $90 Million in Unencumbered Cash - Oil & Gas 360

Shareholders of Amplify Energy and Midstates Petroleum Greenlight Merger

August 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Amplify Energy and Midstates Petroleum to merge after receiving shareholder approval Amplify Energy Corporation (stock ticker: AMPY), a Houston-based independent E&P, has received the necessary shareholder approval for its previously announced all-stock merger-of-equals transaction with Midstates Petroleum Company (stock ticker: MPO). Likewise, Midstates’ shareholders also signed off on the deal at

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

August 1, 2019

From The Houston Chronicle Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August. Houston-based Oxy said it plans to close the Anadarko deal next week after the scheduled Aug. 8 vote of Anadarko shareholders to

Harvest Oil & Gas Divests Barnett Shale

July 30, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Harvest Oil & Gas sells Barnett shale assets for $72 million Harvest Oil & Gas Corporation (stock ticker: HRST), formerly EV Energy Partners L.P., has entered into a definitive agreement with an undisclosed buyer to sell all of its interests in the Barnett shale formation for $72 million. For the first

Occidental Mails Letter to Shareholders

July 22, 2019

Occidental Mails Letter to Shareholders

Premium Content