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oxy

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

Oxy shores up board with former Schlumberger CEO

Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more confidence with shareholders after risking its future to buy Anadarko Petroleum for $38 billion last year.

Americas

Anadarko sets August shareholder vote on Oxy takeover

Shareholders of Anadarko Petroleum will get to vote Aug. 8 on whether to approve the pending $38 billion acquisition of The Woodlands oil and gas producer by Occidental Petroleum, the company announced late Thursday.

Americas

As Oxy acquisition looms, Anadarko workers drown sorrows, update resumes

The Refuge Bar & Bistro, just a short walk from Anadarko Petroleum's headquarters, is becoming a place for Anadarko workers to drown their sorrows as they update resumés and contemplate the future of The Woodlands without its flagship employer, which recently agreed to be acquired by Occidental Petroleum.