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occidental

Americas

Oxy enacts pay cuts amid deeper budget cuts

Houston exploration and production company Occidental Petroleum is enacting across pay cuts after making a second round of budget cuts as crude oil prices remain stuck at record lows.

Americas

Icahn says Occidental won’t hit target without ‘fire sale’

Activist investor Carl Icahn said Occidental Petroleum Corp.’s new target for assets sales won’t be achieved without a “fire sale” that includes its pipeline system, Western Midstream Partners LP, which was already shopped to potential buyers earlier this year.

Americas

Icahn launches Oxy board takeover bid over $38bn Anadarko deal

Famed activist investor Carl Icahn on Wednesday launched a bid to shake up Occidental Petroleum's board over the $38 billion acquisition of Anadarko Petroleum, which has battered Oxy's stock price and the value of Icahn's holdings in the Houston oil company.

Americas

Occidental’s Anadarko bid is ‘very bad idea’

Occidental Petroleum Corp.’s rival takeover offer for Anadarko Petroleum Corp. drew critical initial reviews from some analysts, including Mizuho Securities USA LLC’s Paul Sankey, who said major investors have told him they won’t support the bid.

Piper Alpha

Piper Alpha: Justice denied by dark power

The latest Ridley Scott movie, All the Money in the World, rotates around the obsession of billionaire John Paul Getty with money and his refusal to pay the multi-million dollar ransom to free his estranged grandson from kidnappers.