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Occidental Reportedly Eyes Former CEO Stephen Chazen For Chairman Role

2020-03-20 21:05:00| OGI

Steve Chazens appointment is being considered to appease Carl Icahn, who has been battling the Occidental board over its acquisition of Anadarko Petroleum, the Wall Street Journal reported.

Tags: role eyes stephen ceo

 

Occidental Petroleums Debt Rating Downgraded To Junk By Moodys

2020-03-19 16:30:00| OGI

The acquisition of Anadarko Petroleum continues to burden Occidentals balance sheet, significantly compromising its financial flexibility, Moodys Andrew Brooks says.

Tags: rating debt junk occidental

 
 

Occidental Adopts Poison Pill After Icahn Raises Stake To About 10%

2020-03-13 15:48:16| OGI

The billionaire investor has been waging a bitter battle with Occidentals board over its $38 billion acquisition of Anadarko Petroleum, calling it a misplaced bet based on expectations of higher oil prices.

Tags: to raises pill stake

 

Carl Icahn Reportedly Boosts Occidental Petroleum Stake To Nearly 10%

2020-03-12 13:40:00| OGI

Carl Icahn, who held a roughly 2.5% stake in Occidental as of end-2019, has previously criticized its $38 billion deal for rival Anadarko Petroleum as a misplaced bet on oil prices rising.

Tags: carl petroleum stake reportedly

 

Occidental Petroleum To Slash Dividend, Spending As Oil Prices Crash

2020-03-10 18:00:44| OGI

Occidental said it would slash its quarterly dividend to 11 cents per share from 79 cents.

Tags: prices oil spending crash

 

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