" In the United States: Corporate fallout: International fallout: — Occidental and Icahn reach truce: "Occidental Petroleum Corp.
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Occidental Petroleum — Shares of Occidental Petroleum jumped 4.6% ahead of its earnings release after the bell Monday.
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" In the United States: Corporate fallout: International fallout: — Occidental nears settlement with Icahn: "Occidental OXY Petroleum Corp.
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Under the terms of the Revised Occidental Proposal, Occidental would acquire Anadarko for consideration consisting of $59.00 in cash and 0.504 of a share of Occidental common stock per share of Anadarko common stock.
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Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal.
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Icahn, who owns a $1.6 billion stake in Occidental as of May 30, had sued Occidental in a Delaware court.
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Occidental Petroleum – Occidental said it will slash capital spending by 40% in 2020, after reporting lower-than-expected quarterly profit.
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Haskett's Monday note, titled, "What was Occidental doing in Omaha?" came as Occidental was formalizing its counter-bid to Chevron's deal.
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Occidental Petroleum (OXY) – Occidental Petroleum announced employee salary cuts of up to 30%, according to an internal memo seen by Reuters.
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Occidental on Sunday increased the cash component of its $38 billion bid, removing a requirement to win the approval of Occidental shareholders.
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Occidental has urged shareholders to reject the activist's proxy, calling the request "not in the best interests of Occidental or its shareholders".
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APRIL 24, 2019 - Occidental announced a new $76-per-share bid for Anadarko, payable half in cash and half in Occidental stock.
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And he said that they were involved in financing the Occidental deal, and that the Occidental people would like to talk to me.
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Occidental Petroleum – Shares of Occidental Petroleum is down more than 4% after Evercore ISI downgraded the energy producer to in line from outperform.
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The 485-mile (780 km) pipeline, a joint venture of state-owned Ecopetrol and U.S.-based Occidental Petroleum Occidental, has the capacity to transport up to 210,000 barrels of crude daily from oil fields operated by Occidental to the Caribbean port of Covenas.
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Occidental CEO Vicki Hollub told CNBC that Occidental is the best acquirer for Anadarko given its experience in shale and in the Permian Basin.
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Occidental Petroleum — Occidental matched estimates with a quarterly loss of 18 cents per share, while revenue for the energy giant came in below estimates.
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Icahn, who owns 4.4% of Occidental shares, last month said he planned to launch a proxy fight to oust and replace four Occidental directors.
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Occidental Petroleum — A regulatory filing showed activist Carl Icahn has launched a proxy fight against Occidental to win four seats on the company's board.
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Occidental Petroleum – Occidental does not expect to generate enough cash to cover shareholder payments until 2022, according to an SEC filing by Anadarko Petroleum.
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Icahn, who owns 4.4% of Occidental shares, last month said he planned to launch a proxy fight to oust and replace four Occidental directors.
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Icahn, who owns 4.4% of Occidental shares, said last month he planned to launch a proxy fight to oust and replace four Occidental directors.
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Anadarko announced a deal with Chevron on April 12 after snubbing a higher bid from Occidental, prompting Occidental to try to upend the Chevron deal.
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Anadarko has a deal to be acquired by Occidental for $438 billion, a transaction that is opposed by activist investor and Occidental shareholder Carl Icahn.
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Anadarko has a deal to be acquired by Occidental for $38 billion, a transaction that is opposed by activist investor and Occidental shareholder Carl Icahn.
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Occidental on Sunday increased the cash component of its $123 billion bid to acquire Anadarko, removing a requirement for Occidental shareholders to approve the deal.
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Occidental and oil-and-gas behemoth Total announced earlier Sunday that Total would pay $8.8 billion for Anadarko's African assets if the Occidental-Anadarko deal happens.
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Occidental offer: Occidental Petroleum (OXY) has sweetened its offer for Anadarko Petroleum (APC), the latest development in its battle with Chevron (CVX) for prized US shale assets.
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Chevron also wants to see if Occidental will manage to ink a deal for Anadarko, and whether Occidental shareholders will support it, one of the sources said.
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Icahn this month launched a campaign to unseat four Occidental directors, arguing they entered into the deal for Anadarko to preclude Occidental from becoming a takeover target.
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A key hurdle that Occidental has to overcome in its negotiations with Anadarko is that its proposed deal is contingent on Occidental shareholders voting to approve it.
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" — Jennifer Piscopo, political scientist at Occidental College ".
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The Berkshire investment allowed Occidental to increase the cash portion of its bid for Anadarko and eliminated the need for Occidental to win approval from its own shareholders.
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This brought the number of Occidental shares required to fund the bid below the issuance threshold that would have triggered a vote on the deal by Occidental shareholders.
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Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
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Vanguard also voted against management at Occidental Petroleum over a similar climate measure — also expected based on the results from the Occidental Petroleum shareholder meeting earlier this year.
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Hollub, 59, beat out larger rival Chevron Corp with a long-shot bid that some Occidental investors called risky because it saddles Occidental with $46 billion in new debt.
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The new Occidental offer, which was sent via a letter to Anadarko's board on Wednesday, is half cash and half stock, specifically $203 in cash and 0.6094 Occidental shares.
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T. Rowe Price, which holds about 21.1 million Occidental shares, said it will withhold votes for Occidental directors due to the lack of a shareholder vote on the deal.
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The deal announcement by Chevron cut short the talks between Occidental and Anadarko, the sources told CNBC's David Faber, who reported the rival bid by Houston-based Occidental on Friday.
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Occidental is battling activist investor Carl Icahn, who opposed the deal and launched a proxy fight to remove and replace four Occidental directors over what he called the "misguided" acquisition.
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Occidental Petroleum (OXY) – Investor Carl Icahn told The Wall Street Journal he has increased his stake in Occidental to nearly 10%, compared to about 2.5% at the end of 2019.
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Occidental CEO Vicki Hollub has pitched Occidental as a high-performing Permian driller that can enrich Anadarko shareholders by squeezing more oil and gas from the drillers' wells at lower costs.
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Activist investor Carl Icahn this month launched a campaign to unseat four Occidental directors, arguing its board entered into the $38 billion deal to preclude Occidental from becoming a takeover target.
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Berkshire Hathaway will get 100,000 preferred shares and a warrant to purchase up to 80 million shares of Occidental at $62.50 apiece in a private offering, a statement from Occidental said.
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Walker pressed Occidental CEO Vicki Hollub for proof the Occidental board backed her proposals, and she sought a meeting with Anadarko's lead outside director over Walker's rejections, according to the account.
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APRIL 8, 2019 - Occidental sent Anadarko a revised offer.
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Occidental Petroleum CEO Vicki Hollub said Wednesday her company can squeeze the best results out of Anadarko Petroleum's wells in the top U.S. shale basin, making Occidental a better acquirer than Chevron.
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"Occidental putting in more cash is really a ploy to not have a shareholder vote," said Christian Ledoux, investment chief at South Texas Money Management, which holds shares of Chevron and Occidental.
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Berkshire Hathaway said this week it plans to invest $10 billion in oil company Occidental Petroleum (OXY) to help Occidental fight Chevron (CVX) in a bidding war to purchase rival Anadarko Petroleum (APC).
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Merger talks between Occidental Petroleum and Anadarko Petroleum were ongoing when Chevron announced on Friday it would acquire Anadarko for $33 billion, preventing Occidental from potentially upping its offer price, sources tell CNBC.
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Occidental has lost a third of its value this year Despite shrinking his position, Icahn still owns about 23 million shares in Occidental, a stake valued at about $925 million at current prices.
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We're gonna talk about his new investment in Occidental Petroleum.
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" Occidental Petroleum: "My charitable trust had to dump the stock.
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Exxon, Chevron and Occidental will become official members on Monday.
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Shortly after, Occidental offered $210 billion, or $22019 a share.
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Dividends can be paid in cash or Occidental common stock.
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Occidental representatives did not immediately respond to requests for comment.
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Occidental no longer needs its shareholders to approve the deal.
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ANADARKO PETROLEUM SHAREHOLDERS OVERWHELMINGLY APPROVE $38B SALE TO OCCIDENTAL PETROLEUM
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Anadarko has agreed to be taken over by Occidental Petroleum .
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The charitable trust owns Occidental where the yield is safe.
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Occidental and Schlumberger are two that my charitable trust owns.
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The deal depends on Occidental (Oxy) completing the Anadarko merger.
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N), which accepted a higher bid from Occidental Petroleum (OXY.
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" Occidental Petroleum: "No, we're not going to buy more oils.
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" Occidental Petroleum: "No, we're not going to buy more oils.
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Occidental holds Permian land just to the north and south.
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Neither Icahn nor Occidental immediately responded to requests for comment.
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N), has bought Phibro LLC from Occidental Petroleum Corp (OXY.
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At least one oil company — Occidental—- supports the status quo.
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That's a company that was the spinoff of [Occidental Petroleum].
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Apache fell about 39 percent, while Occidental fell 214 percent.
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And Occidental Petroleum broke up Chevron's deal for Anadarko Petroleum.
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Occidental on Tuesday slashed its quarterly dividend by over 86%.
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Occidental did not say how many jobs will be cut.
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Occidental, Hewlett-Packard … there are companies that should be bought.
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Filings made by Icahn indicate that the activist investor has held at least three phone calls with Occidental executives in recent weeks as well as a June 27 meeting with Occidental CEO Vicki Hollub.
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Occidental shares traded down 1.4 percent to $52.73 on Monday morning.
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We are joined by Vicki Hollub, President and CEO of Occidental.
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BECKY QUICK: Well, let's about a deal you did recently. Occidental.
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BECKY QUICK: And what do you think of the Occidental deal?
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Chevron has $9 billion on its books, Occidental has $3 billion.
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According to Sankey, Occidental is the clear loser in the deal.
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If Anadarko goes with Occidental, Chevron won't be left empty-handed.
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Anadarko has agreed to be taken over by Occidental Petroleum Corp.
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Occidental recorded impairment charges on its Qatar assets of $220 million.
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Yes, Obama is an Occidental alum, but still ... Monica ain't satisfied.
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I'm only recommending Occidental, Exxon, Chevron and Schlumberger in that group.
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Moda purchased the Ingleside facility from Occidental Petroleum Corp last August.
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Anadarko and Occidental did not immediately respond to requests for comment.
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Occidental (OXY) slashed its dividend by 86% and lowered its spending.
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N), which ultimately accepted a higher offer from Occidental Petroleum (OXY.
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But Occidental and its chief executive, Vicki Hollub, had different ideas.
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And Occidental couldn't redeem those shares for at least a decade.
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Basically, the CEO and board of Occidental Petroleum should look out.
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Exxon, Chevron and Occidental could not be immediately reached for comment.
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ALGIERS (Reuters) - Algeria's state-owned Sonatrach will block Occidental Petroleum's (OXY.
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ALGIERS (Reuters) - Algeria's state-owned Sonatrach will block Occidental Petroleum's (OXY.
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Icahn has been a vocal critic of Occidental CEO Vicki Hollub.
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Both voted the same way as Vanguard on Exxon and Occidental.
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Anadarko has notified Chevron that (i) Anadarko's board of directors has unanimously determined that the Revised Occidental Proposal constitutes a "Superior Proposal" and (ii) after complying with its obligations to Chevron under the Chevron Merger Agreement, Anadarko intends to terminate the Chevron Merger Agreement in order to enter into a definitive merger agreement with Occidental in connection with the Revised Occidental Proposal.
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Analysts have expected Chevron to return with another bid for Anadarko, even one that undercut Occidental on price, but on Tuesday its stock bounced, signaling that the market viewed Occidental as now having the upper hand.
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While an Anadarko holders' vote for the proposed deal is very likely, the price has angered several Occidental investors, including billionaire activist Carl Icahn, who has called for a special meeting to replace four Occidental directors.
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In May he sued Occidental in Delaware court, and earlier this week he went out of his way to criticize the Occidental-Anadarko deal while discussing the merger of major casino operators Caesars Entertainment and Eldorado Resorts.
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BUFFETT SAYS BERKSHIRE IS COMMITTED TO PROPOSED OCCIDENTAL TRANSACTION 'UNDER ALL CIRCUMSTANCES'
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Shares of Occidental fell 2% on Tuesday, while Chevron's stock popped 3%.
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The capital injection from Berkshire could make Occidental a more formidable suitor.
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After Occidental disclosed its bid, Anadarko shares surged 11.6%, rising above $71.
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That means it's Exxon, that means it's Chevron, that means it's Occidental.
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The Occidental cash-and-stock bid values Anadarko at nearly $57 billion.
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Anadarko said on Monday it had agreed to start negotiations with Occidental.
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On July 2nd Occidental urged its shareholders to spurn Mr Icahn's advances.
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If it loses Anadarko, Occidental could itself be subject to a takeover.
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By comparison, the median Occidental employee earned $124,103 last year, filings show.
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HOUSTON (Reuters) - U.S. oil and natural gas producer Occidental Petroleum Corp (OXY.
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Production should rise this year 8 percent to 12 percent, Occidental forecast.
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"We didn't refer to people in the West as Occidental," he said.
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U.S. producer Occidental Petroleum Corp sold the WTI Midland cargo, they said.
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Occidental Petroleum (OXY) has lost more than half its value this week.
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But not everyone connected with Occidental is happy with Ms. Hollub's move.
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Remember that Occidental outbid Chevron in a closely watched M.&A. contest.
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Occidental Petroleum fell more than 12%, while Marathon was down nearly 10%.
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Anteriormente fue corresponsal en París y jefe del buró de África occidental.
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Occidental (OXY), EOG Resources (EOG) and Diamondback Energy (FANG) should see gains.
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Icahn and Occidental could not be immediately reached for comment late Thursday.
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And Occidental has promised to ramp up its Permian output even further.
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OCCIDENTAL PETROLEUM HAS STARTED LAYOFFS IN ADDITION TO VOLUNTARY SEPARATION PACKAGES -COMPANY
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Occidental Petroleum stock fell more than 3 percent in the extended session.
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Icahn and Occidental could not be immediately reached for comment late Thursday.
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Occidental Petroleum Corp, meanwhile, had a 203.13 percent increase in new owners.
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Occidental shares were up about 4% in pre-market trading to $42.10.
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Occidental declined to make Hollub available for an interview for this story.
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But the battle between Chevron and Occidental appeared to be a mismatch.
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Should Occidental succeed, Anadarko would owe Chevron a $1 billion breakup fee.
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Icahn owned a $1.6 billion stake in Occidental as of May 30.
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In May he sued Occidental in Delaware court, and earlier this week he went out of his way to criticize the Occidental-Anadarko deal while discussing the merger of major casino operators Caesars Entertainment Corp and Eldorado Resorts Inc.
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I mean, and so it had held talks about selling itself to Occidental.
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By raising the cash component, Occidental will not need approval from its shareholders.
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Several Occidental shareholders oppose the merger, though, including T. Rowe Price Group Inc.
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Anadarko announced on Monday that it will enter formal merger talks with Occidental.
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Valued at nearly $229 billion, Chevron (CVX) is five times larger than Occidental.
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Occidental is already the No. 1 oil producer in the vast Permian Basin.
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Occidental has bid $76 per share for Anadarko, $59 of which is cash.
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Halliburton (HAL), Occidental Petroleum (OXY) and Hess (HES) each fell 3% or more.
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At $50 per barrel for U.S. West Texas Intermediate crude, Occidental said bit.
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The Berkshire investment is contingent on Occidental completing its proposed acquisition of Anadarko.
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My favorite is Occidental, my charitable trust owns that because of the dividend.
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Occidental also must absorb or sell Anadarko's U.S. Gulf of Mexico offshore production.
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Occidental shares were down nearly 3 percent at $54.69 in late morning trading.
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The first U.S. member companies — ExxonMobil, Chevron and Occidental Petroleum — joined last week.
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Shares of Occidental jumped 2% in extended trading Friday, immediately following the news.
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Less than two weeks later, Occidental put a higher bid on the table.
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Givler was studying at Occidental College for a graduate degree in comparative literature.
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He believes Occidental could now approach the likes of ConocoPhillips about a merger.
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Occidental Petroleum also reportedly is interested in the oil and gas exploration company.
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ANADARKO AMENDS OCCIDENTAL MERGER PROXY IN RESPONSE TO LAWSUIT ALLEGING INADEQUATE DISCLOSURES -FILING
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Occidental offered $76-per-share last week at an even stock/cash split.
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Anadarko shareholders are expected vote in favor of the Occidental deal Aug. 8.
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O) and committing $10 billion in April to help Occidental Petroleum Corp (OXY.
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Occidental has attacked Icahn's slate of board nominees as inadequate for the job.
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Berkshire's cash provides Occidental with flexibility to fund and even increase its proposal.
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Oil CEOs from Chevron, BP, Hess, Occidental, and others will be in attendance.
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Another reason to sell it: Occidental has never operated in the Gulf before.
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Anadarko shareholders are expected vote in favor of the Occidental deal Aug. 8.
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"We don't have any knowledge around this topic," said Occidental spokeswoman Melissa Schoeb.
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"It's heartbreaking," said Peter Dreier, an author and politics professor at Occidental College.
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Berkshire revealed a new stake in Occidental Petroleum (OXY) worth around $332 million.
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He has not decided how his company will vote on the Occidental proxy.
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The Berkshire investment is contingent on Occidental completing its proposed purchase of Anadarko.
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Occidental is also cutting operating and corporate costs by at least $600 million.
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Its northern border sits below Occidental College and the city limits of Pasadena.
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I still remember the name of the professor, Roger Boesche, at Occidental College.
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Keep in mind, Occidental hadn't even made a public offer for Anadarko yet.
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New York (CNN Business)Carl Icahn is escalating his war with Occidental Petroleum.
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AIG, Occidental Petroleum, Tesla and the Cheesecake Factory will report after the bell.
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Shares of Houston-based Occidental fell 1 percent to close Monday at $72.91.
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Rival billionaire Carl Icahn, an investor in Occidental, criticized that deal, telling CNN Business earlier this year that he considered the Anadarko deal "a travesty" because of the sweet terms Occidental gave Buffett in order to secure the Berkshire financing.
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The offer from Occidental is worth $76 per share, $59 of which is cash.
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Occidental is prodding Anadarko's board to abandon its $33 billion merger agreement with Chevron.
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Last week Occidental secured a $10 billion investment from Warren Buffett's Berkshire Hathaway Inc.
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He's committed $10 billion to help Occidental (OXY) in its bid for Anadarko (APC).
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Anadarko's board on Monday backed a $38 billion rival bid from Occidental Petroleum Corp.
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The Berkshire investment is contingent on Occidental being able to complete an Anadarko deal.
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Producers such as Occidental Petroleum and EOG Resources are well positioned in this region.
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The same year, Occidental Petroleum said it would move its LA headquarters to Houston.
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Occidental made a $23.9 billion offer this week that topped Chevron's $23.04 billion bid.
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Occidental could apply its expertise to 10,000 wells if it purchased Anadarko, Hollub said.
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"Two that look [particularly good] to me are Exxon and Occidental Petroleum, " he said.
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The deal also includes warrants to buy 80 million shares of Occidental common stock.
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BECKY QUICK: Let me ask you, though, about Occidental and this deal in particular.
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I don't think Occidental can afford to bid higher than what they already bid.
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He thinks Occidental or Exxon could absorb the independent oil and natural gas company.
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The cash-stock structure may indicate why talks between Anadarko and Occidental broke down.
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Qualcomm (QCOM) and Occidental Petroleum (OXY) are among the after-the-bell profit reports.
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Occidental is paying top dollar for Anadarko after winning a bidding war with Chevron.
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But I've got to tell you, I think Pioneer and Occidental are both better.
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Two large exploration & production (E&P) companies have reported: Devon Energy and Occidental Petroleum.
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He warned to stay away from Marathon Oil, and said he likes Occidental better.
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"Anything meant for your genitals," says another gender expert, Lisa Wade of Occidental College.
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Occidental Petroleum (OXY) and Sprint (S) are among this morning's before-the-bell releases.
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Buffett bought a preferred stake in Occidental, helping it fund its bid for Anadarko.
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Anadarko shareholders are expected vote in favor of the Occidental deal on Aug. 8.
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Occidental won't receive the credit directly but benefits by having more CO2 to use.
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EOG Resources Inc and Occidental Petroleum Corp have office expansion plans of their own.
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Under Mr. Hammer, Occidental became a conglomerate with interests in horse breeding and meatpacking.
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Within days, Occidental made a public offer for Anadarko, this one for $38 billion.
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Occidental defended the deal, saying that the Anadarko purchase would create "compelling" shareholder value.
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Occidental sweetened its offer over the weekend by putting more of it in cash.
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Los nuevos hallazgos podrían cambiar drásticamente la forma en que pensamos la medicina occidental.
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Occidental granted Buffett warrants to purchase up to 80 million shares of common stock.
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Occidental Petroleum, for example, has teamed up with CO2-capture startup Carbon Engineering (CE).
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Baidu, Occidental Petroleum, American Movil, Tanger Factory Outlet and Twilio report after the bell.
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Among the year's big takeovers, Occidental, supported by Warren Buffett, acquired Anadarko for $55bn.
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Occidental, meanwhile, said it boosted the cash portion of its offer to 22023 percent.
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Occidental soon sent a plane and a lookout with binoculars to locate the tribe.
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Chevron shares closed up 2 percent on Tuesday, while Occidental shares fell 2.1 percent.
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Anadarko wells are close or even contiguous to parcels controlled by Chevron and Occidental.
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Some investors in Occidental oppose the decision to bypass a shareholder vote of approval.
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Oil Minister Mohammed bin Hamad al-Rumhi signed the agreement covering concession 51 with Occidental Oman and the agreement on concession 9953 with Occidental Oman and Oman Oil Company Exploration and Production, a unit of state-owned Oman Oil Co, the tweet said.
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Occidental got its prize, but whether the price it paid proves too steep remains to be seen: After the deal closed in August, with Occidental stock taking a dive, Carl Icahn bemoaned the deal as "one of the worst I've ever seen."
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When they came to my office at 10:00 on Sunday – BECKY QUICK: Occidental, right.
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To ease concerns about debt, Occidental has pledged to rapidly clean up its balance sheet.
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An Occidental spokesman said the company would provide details about the vote in coming days.
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Last week, Occidental secured a $20193 billion preferred stock investment from Warren Buffett's Berkshire Hathaway.
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Occidental shares closed down a fraction at $51.91 on Thursday, near a 10-year low.
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His latest play: a $10 billion investment to back Occidental Petroleum's bid for Anadarko Petroleum.
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CHEVRON WAITING FOR ANADARKO BOARD'S DECISION ON UNSOLICITED OFFER FROM OCCIDENTAL - CHEVRON CEO MICHAEL WIRTH
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The funding for Occidental is just a warmup to some very big acquisition by Berkshire.
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OCCIDENTAL PETROLEUM SAYS PROPOSES TO ACQUIRE ANADARKO FOR AN EQUITY PURCHASE PRICE OF $38 BLN
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This comes after Anadarko said the bid from Occidental Petroleum was superior to Chevron's. Stamps.
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Once Chevron puts in its bid, Morgan Stanley thinks Occidental his limited room to maneuver.
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CHARLIE MUNGER: Well, because I think that Occidental is right to want to do it.
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Occidental Petroleum, the company that outbid Chevron for Anadarko, is also reporting earnings next Thursday.
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ANADARKO'S REVISED PROXY SHOWS OCCIDENTAL PROJECTED DIVIDENDS WOULD EXCEED FREE CASH FLOW THROUGH 2022 -FILING
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Despite the new negotiations with Occidental, Anadarko said the Chevron merger agreement remains in effect.
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Shares of Occidental fell about 2% on Monday, while Chevron and Anadarko were little changed.
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"We are thrilled to have Berkshire Hathaway's financial support," Occidental Chief Executive Vicki Hollub said.
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The firm said the acquisition of Anadarko Petroleum makes Occidental larger, but significantly less valuable.
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Occidental, she agreed, would sell Anadarko's African assets to Total for $8.8bn, reducing its debt.
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Occidental, whose board of directors has 10 members, did not respond to requests for comment.
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His associates also spoke with Occidental executives twice earlier this month, according to the filing.
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Last night Occidental Petroleum sweetened its offer to trump Chevron's plan to purchase Anadarko Petroleum.
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ANADARKO SHAREHOLDERS BACK OCCIDENTAL WITH 99% VOTING FOR DEAL THAT BOOSTS SHARE PRICE BY 54%
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Carl Icahn owns more than a billion and a half dollars' worth of Occidental stock.
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Now, he wants four Occidental directors to pay for that controversial deal — with their jobs.
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Occidental said the Anadarko deal would immediately add to its bottom line and cash flow.
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Occidental also bought a massive 34 percent of the barrels Pioneer buys from other companies.
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The firm also likes Occidental Petroleum on the strength of its balance sheet, he said.
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Occidental, whose board of directors has 10 members, did not respond to requests for comment.
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Total operating costs declined by nearly $2 per barrel to $11.57 in 2015, Occidental said.
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"Their dream is of a cage fight," reckons Sophal Ear of Occidental College in America.
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N) on Monday released new financial details of its proposed combination with Occidental Petroleum (OXY.
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"Occidental," his first real feature, is different, starring professionals and made with a bigger budget.
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Chevron, nearly five times larger than Occidental , appeared to have out-maneuvered its smaller rival.
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N), Trafigura, Mercuria and Occidental in addition to North Asian refiners Unipec, PetroChina, JXTG (5020.
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Warren Buffett's Berkshire also revealed a new stake in Occidental Petroleum worth around $332 million.
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His associates also spoke with Occidental executives twice earlier this month, according to the filing.
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Without such a formal determination, Anadarko's contract with Chevron prevented it from engaging with Occidental.
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Debt-riddled oil giant Occidental Petroleum (OXY)slashed its dividend by 86% earlier this month.
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A wild bidding war ensued, with Occidental Petroleum eventually winning Cities Service for $22016 billion.
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Shares of Occidental were up 1.8% before trading was halted for news pending around midday.
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Last year, Berkshire announced a $10 billion investment in Occidental Petroleum for the Anadarko takeover.
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ExxonMobil and Occidental Petroleum are on the list of companies with the biggest margin hits.
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These deals gave Occidental the firepower to prevail over Chevron in the race for Anadarko.
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Occidental bought the 35,000 acres in Reeves and Pecos counties, near where it currently operates.
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A regulatory filing on Tuesday showed that Icahn now owns nearly 10% of Occidental Petroleum.
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The Chronicle of Higher Education says that would include Stanford, Pomona, Occidental and Claremont McKenna.
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Chevron, nearly five times larger than Occidental, appeared to have out-maneuvered its smaller rival.
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Occidental has been one of the biggest winners from the surge of U.S. shale exports.
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Reports began surfacing in recent days that the Occidental Gulfstream plane was a sign Buffett might be preparing a bid in the hostile war between Chevron and Occidental over Anadarko, a Permian Basin driller seen as a key prize in an era of shale consolidation.
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Several Occidental investors oppose the deal, including its sixth-largest shareholder, T. Rowe Price Group Inc, because they consider it too large a risk if oil prices falter, or if Occidental cannot produce the $3.5 billion a year in cost savings it has promised.
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Anadarko abandoned its takeover agreement with Chevron after Occidental swooped in with a more generous offer.
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At the time of the agreement, the Occidental offer valued Anadarko at $57 billion, including debt.
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Occidental has offered $76 a share for Anadarko, while Chevron's initial bid was $65 a share.
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If applied in 2018, Warren said, Amazon would owe $103 million and Occidental Petroleum $280 million.
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Occidental said it would respond to the lawsuit and expects to complete the merger this year.
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Anadarko declined to comment and Occidental did not respond to a request for comment on Monday.
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Anadarko has entered negotiations with Occidental, but its board so far still supports the Chevron deal.
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While Occidental put in a higher bid, Anadarko's global operations better dovetail with Chevron's international portfolio.
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Occidental has agreed to sell Anadarko's African oil and gas assets to Total for $8.8 billion.
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Occidental also has the $1 billion break up fee on the Chevron deal if it wins.
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Even though neither Anadarko nor Occidental are household names, a merger would create an oil behemoth.
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So, they blatantly ignored – and this has been the history of Occidental – they blatantly ignored shareholders.
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He committed $10 billion in April to help Occidental Petroleum Corp buy rival Anardako Petroleum Corp.
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New York (CNN Business)Carl Icahn believes Occidental Petroleum badly overpaid for oil driller Anadarko Petroleum.
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N), in its last earnings report before shareholders vote on its sale to Occidental Petroleum (OXY.
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The only remaining question was how much Occidental had to pay for the damage and cleanup.
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As our photog says, what Obama got is "way out in the cuts" ... near Occidental College.
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TPG is run by Steve Chazen, a well-known industry executive, formerly CEO of Occidental Petroleum.
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Moody's Investors Service said a "weakly positioned investment grade rating" is the most likely for Occidental.
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Anadarko's Colorado shale operations will likely remain with the Occidental for a lack of ready buyers.
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Tim Seymour was a buyer of Occidental Petroleum, calling it a 'best in breed' oil company.
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Like Occidental, Exxon Mobil Corp and Chevron Corp also failed to beat Wall Street's quarterly expectations.
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The first major shale merger since Occidental Petroleum Corp's purchase of Anadarko sent Callon's shares tumbling.
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Chance is a tall African-American agender person in their 20s, a student at Occidental College.
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Ms. Hollub has insisted that Occidental can make Anadarko's Permian fields much more productive and profitable.
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His hedge fund is invested in energy companies like Phillips 7500, AGL Resources, and Occidental Petroleum.
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Occidental and Chevron both already control big parts; owning Anadarko would give either a commanding presence.
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If Occidental wins, Total stands to become a dominant producer of liquefied natural gas in Africa.
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The company has identified 10,000 drilling locations, which is near the operations of Chevron and Occidental.
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The biggest is Occidental Petroleum at $14 billion of its $40 billion in long-term debt.
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For the record: An Occidental spokesperson declined to comment on whether Hollub will be there again.
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"People can be fanatic about cactuses," said Gretchen North, a professor of biology at Occidental College.
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Icahn also accused Hollub of making a hasty deal to avoid a takeover of Occidental itself.
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For better or worse, the Anadarko deal will define Hollub's legacy — and the trajectory of Occidental.
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Some energy names also report, such as Diamond Offshore on Monday and Occidental Petroleum on Tuesday.
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MARCH 25, 2019 - Due diligence started and resurrected the issues Anadarko and Occidental had previously discussed.
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APRIL 5, 2019 - While in talks with Occidental, Anadarko checked in with Chevron to gauge interest.
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If oil prices climb, Occidental has said it will reap enormous benefits from this additional scale.
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Occidental recently said it's on track to exceed $15 billion in asset sales by mid-2020.
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He also foresaw that Occidental was receiving help from Warren Buffett in its deal with Anadarko.
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Occidental has offered $38 in cash and 0.6094 of its shares for each share of Anadarko.
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Halliburton, Occidental Petroleum and Marathon Petroleum were among the other winners, all up more than 3%.
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The Occidental isn't the only culinary hotspot in the District to mark Presidents' Day on Monday.
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The city is centrally located in Colombia's occidental region, at the heart of the mountain range.
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"We have long been convinced that a strategic combination with Anadarko represents a compelling opportunity for the shareholders of both Occidental and Anadarko, and we are pleased that Anadarko's Board has determined that our May 5, 2019 offer is a 'Superior Proposal,'" Occidental said in a statement.
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"On paper the (Occidental) deal looks great if oil is at $65, but we're in a cyclical industry where commodity prices change dramatically," said David Katz, president of Matrix Asset Advisors, which held 241,700 shares of Occidental and 61,300 shares of Chevron at the end of April.
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Oil Minister Mohammed bin Hamad al-Rumhi signed the agreement covering concession 51 with Occidental Oman and the agreement on concession 65 with Occidental Oman and Oman Oil Company Exploration and Production, a unit of state-owned Oman Oil Co, the tweet said, giving no further details.
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Analysts had been anticipating Occidental would borrow the money, at a cost of about 4% or 5%.
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I was familiar with Occidental and definitely familiar with the Permian Basin, although I've never been there.
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The agreement is contingent on Occidental first reaching an agreement to buy Anadarko and closing the deal.
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Occidental says the revised offer creates immediate value and makes it more certain the deal will close.
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By offering more cash, Occidental will no longer have to seek approval from shareholders to purchase Anadarko.
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Shares of Occidental Petroleum were down slightly in after hours trading, while Chevron's stock price ticked higher.
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Berkshire's involvement suggests the company believes Occidental is best positioned to wring value out of Anadarko's portfolio.
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Occidental revealed last week that it had put forward three offers to buy Anadarko since late March.
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Shell, Occidental, BP, Exxon and Equinor referred queries to the oil industry group, the American Petroleum Institute.
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Occidental has bid $38 billion in stock and cash for Anadarko, topping an earlier bid by Chevron.
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First, Warren Buffett's Berkshire Hathaway committed to invest $10 billion in Occidental to fund the Anadarko purchase.
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Gordon Haskett told CNBC Wednesday it couldn't immediately confirm that the Occidental jet was in the Netherlands.
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Despite offering a higher price for Anadarko, Occidental lost out to Chevron, sources told CNBC's David Faber.
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The company is backed by Bill Gates — but also by the oil giants Chevron, BHP, and Occidental.
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Since then, Icahn has launched a proxy fight in which he's aiming to replace four Occidental directors.
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Anadarko accepted a $254 billion offer from Occidental after having initially agreed to a deal with Chevron.
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He has attacked the deal as too pricy and for the lack of an Occidental shareholder vote.
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He has attacked the deal as too pricey and for the lack of an Occidental shareholder vote.
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Anadarko and Occidental had been in merger talks even before Chevron reached a takeover deal for Anadarko.
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Occidental has valued the transaction at $57bn; its proposal includes a $20083bn capital injection from Warren Buffett.
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Icahn thinks the deal is overpriced, with Occidental succumbing to pricing pressure from earlier Anadarko bidder Chevron.
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Come on man, we are much more interested in an Occidental, OXY, which gives you the yield.
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French oil-and-gas giant Total said Sunday it has entered a deal with Occidental Petroleum Corp.
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Occidental did not immediately respond to a request for comment about the latest paperwork filed by Icahn.
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Instead of doubling down on oil, the billionaire argued Occidental should have put itself up for sale.
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Icahn has proposed replacing the following Occidental directors: Spencer Abraham, Eugene Batchelder, Margaret Foran and Avedick Poladian.
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Shares of Occidental closed 2.1% lower at $58.88, while Anadarko shares were down about 0.1% at $72.85.
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Occidental Petroleum (OXY) revealed a $20.5-a-share offer on Wednesday to acquire oil driller Anadarko Petroleum.
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" The Society publishes Occidental Observer, a magazine that describes itself as covering "White Identity, Interests and Culture.
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Icahn's demand for Occidental seats seeks to influence the pace and scale of its future asset sales.
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Occidental Petroleum Corp also uses an analytical tool to find the best design for hydraulic fracturing wells.
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Last October, Occidental Petroleum sold all of its Bakken assets to private equity firm Lime Rock Resources.
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Occidental declined to disclose the buyer but said the deal was not connected to the Hess transaction.
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Last year, it hired former Phibro staff in London after Occidental Petroleum wound down operations in 2014.
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Occidental separately has offered its own Midland, Texas, campus, according to a real estate listing bit.ly/2O1vzIU.
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He is a longtime contributor to far-right publications including The Occidental Quarterly, VDARE, and Counter-Currents.
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Occidental Petroleum was one of the best-performing stocks in the S&P 250, rising 2200 percent.
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HOUSTON (Reuters) - Activist investor Carl Icahn formally launched on Thursday a proxy fight against Occidental Petroleum (OXY.
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Matrix opposes the merger and may vote against the Occidental board "to send a message," Katz said.
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Chevron and Occidental, which have each taken seats on Carbon Engineering's board, refused to disclose their investments.
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Per disclosures, CSIS received between $35,000 and $64,999 each from Occidental Petroleum Corporation, ConocoPhillips, Eni, and Tellurian.
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Obama changed colleges, moving across the country to Columbia in New York from Occidental in Los Angeles.
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"Occidental had already pared spending and cut its shareholder dividend by 86% earlier this month," per Reuters.
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A week after Occidental Petroleum slashed its dividend, Moody's Investors Service downgraded its rating of the company.
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Pioneer Natural Resources (PXD), Devon Energy (DVN) and Occidental Petroleum (OXY) all rose by 1% or more.
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The bride's father is an associate professor of writing and rhetoric at Occidental College in Los Angeles.
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She said the deal would boost cash flow and allow Occidental to raise its dividend over time.
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Obama had attended college at Occidental University in Eagle Rock before transferring to Columbia University in 85033.
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Occidental is the industry leader in coaxing oil out of older wells with injections of carbon dioxide.
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In occidental terminology, Geomancy is the art of divination by means of signs derived from the earth.
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NEW YORK, May 8 (LPC) - Occidental Petroleum Corp looks to be winning its tug-of-war with Chevron Corp to acquire Anadarko Petroleum Corp, in a turn of events cheered by bankers seeing the prospect of more loan and debt financing tied to the Occidental bid than Chevron's.
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BERKSHIRE VICE CHAIRMAN CHARLIE MUNGER SAYS OCCIDENTAL TRANSACTION WITH ANADARKO HAS 'GOT POTENTIAL,' CITING OIL-RICH PERMIAN BASIN
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Buffett was willing to invest $20 billion to help Occidental seal the deal, sources told CNBC's David Faber.
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Last night Occidental put out its own statement and said that it's going to be revising its proposal.
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Meaning, if Chevron were to come back and they're at you know, five times the size of Occidental.
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Production from the Cano Limon field, operated by Occidental Petroleum Corp, has been routed through a second pipeline.
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Occidental agreed to pay an 8% dividend on Berkshire's preferred stock, compared with the common stock's 5% dividend.
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The legendary investor pledged on Tuesday to invest $10 billion in Occidental to help finance the pricey takeover.
|
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T. Rowe Price owned 21.1 million shares of Occidental as of the end of 53, according to Refinitiv.
|
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The takeover would push Occidental into new geographies like Mozambique, where Anadarko has a liquefied natural gas project.
|
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N) on Thursday voted overwhelmingly to sell the company for $1.53 billion to rival Occidental Petroleum Corp (OXY.
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Occidental has offered $76 a share for Anadarko, while Chevron has put $65 a share on the table.
|
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Anadarko would have to pay Chevron a $1 billion breakup fee if it decides to sell to Occidental.
|
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Occidental CEO Vicki Hollub told CNBC that Anadarko's Permian assets represent about 75 percent of the deal value.
|
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"Anadarko has great assets," Occidental CEO Vicki Hollub said in a interview on CNBC's "Squawk Box " on Wednesday.
|
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McKenna Maness is an Urban and Environmental Policy and Public Health major at Occidental College in Los Angeles.
|
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"We hope Anadarko will proceed quickly to secure this superior transaction for its shareholders," an Occidental spokeswoman said.
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It also ask for details on whether other companies have inquired about buying all or part of Occidental.
|
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She convinced Berkshire Hathaway's Warren Buffett to invest $10 billion in Occidental stock to help close the deal.
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By buying into a possible combined Occidental and Anadarko, Berkshire is making a big bet on U.S. shale.
|
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My charitable trust owns Occidental, that one we feel much better about in terms of the balance sheet.
|
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There could be more to come, especially since Occidental had made a competing bid for Anadarko, he said.
|
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Icahn owned $1.6 billion in Occidental shares, or nearly 5% of the oil company as of May 30.
|
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Even after the sale to Total, debt would leave Occidental vulnerable to future falls in the oil price.
|
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Carl Icahn has formally filed a proxy statement seeking to replace four board members at Occidental Petroleum (OXY).
|
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Occidental this week said it expects to quickly close the purchase after Anadarko shareholders vote on Aug. 8.
|
|
Go deeper: The latest twists in the Occidental-Chevron battle for Anadarko What they're saying: The Anadarko drama
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Occidental, which specializes in using CO2 injections to boost production from oil wells, can use that trapped CO2.
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So, you know, she makes in one week what the median shareholder in Occidental makes in two years.
|
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Production from the Cano Limon field, operated by Occidental Petroleum Corp, has been routed through a different pipeline.
|
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Anadarko (APC) and Occidental reached a deal in May valued at the time at $57 billion, including debt.
|
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The deal would make Occidental the largest oil producer in the Permian Basin, the top U.S. shale field.
|
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To figure out how high Occidental could rally, Keene takes a look at the oil company's weekly chart.
|
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Heldman, a politics professor at Occidental College, appeared multiple times on Fox News programs from 2008 to 2011.
|
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Its 19 members include Exxon Mobil, ConocoPhillips, Occidental Petroleum Corp, Pioneer Natural Resources and Royal Dutch Shell PLC.
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EXCLUSIVE-OCCIDENTAL PETROLEUM CORP EXPECTS TO DOUBLE U.S. CRUDE EXPORTS IN NEXT TWO YEARS, SENIOR VICE PRESIDENT SAYS
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In Seattle, police used pepper spray to break up fights in Occidental Park, police spokesman Mark Jamieson said.
|
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Apparently, Obama once journeyed to Anaheim to see Kool and the Gang during his stint at Occidental College.
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This is ever present in every occidental nation I go it, if they call them that any more.
|
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His father, US Senator Albert Gore Sr., who died in 1998, owned a controlling stake in Occidental Petroleum.
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But only three million tons were monitored at EPA in 2016, all from Occidental, according to agency data.
|
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Anadarko confirmed that it received the revised bid from Occidental and said its board will review the proposal.
|
|
Should Anadarko abandon Chevron for Occidental, it will have to pay Chevron a $1 billion deal breakup fee.
|
|
Occidental Petroleum (OXY) is near a settlement with activist investor Carl Icahn, according to the Wall Street Journal.
|
|
Occidental Petroleum Corp on Wednesday sought to derail Chevron's offer with a unsolicited, $38 billion bid for Anadarko.
|
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Occidental unveiled a $2500 billion takeover bid for Anadarko Petroleum yesterday, $2500 billion more than Chevron has offered.
|
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Earlier this week, Berkshire Hathaway committed to help Occidental Petroleum compete in a bidding war for Anadarko Petroleum.
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Occidental Petroleum Corp and several other U.S. producers chopped spending and Chevron Corp said it was considering reductions.
|
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Two of Mr. Icahn's deputies, Andrew Langham and Nicholas Graziano, will receive Occidental board seats under the agreement.
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Y también se forman muchas en el Pacífico occidental, cerca de Asia, aunque allí se les llama tifones.
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"Observamos cierta inclinación de la balanza", afirmó Kevin O'Reilly, subsecretario de Estado adjunto para asuntos del hemisferio occidental.
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Service firms Schlumberger, Halliburton , and producers Occidental Petroleum and ConocoPhillips were down between 1.7 percent and 2.2 percent.
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It would be one thing for Occidental to offset the emissions from its drilling operations and supply chain.
|
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Curieusement, ce rejet de l'interventionnisme occidental ferme les yeux sur une évidence: les dangers posés par d'autres interventionnismes.
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D'où la seconde conclusion tirée de l'expérience syrienne: la démocratie est le cheval de Troie du néocolonialisme occidental.
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Occidental faced investor opposition to the Anadarko deal, which did not go to a shareholder vote for approval.
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Second-biggest US oil takeover in history It remains an open question whether Occidental truly won the war.
|
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Oil and gas giants like Chevron and Occidental Petroleum also inked deals to buy renewable power last year.
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The high percentage of stock would require Occidental to hold at least two shareholder votes to get clearance.
|
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MARCH 22, 783 - Chevron and Anadarko were close to signing an agreement when Occidental contacted Anadarko once again.
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It said its deal would not contain any financing condition, but would require a vote by Occidental shareholders.
|
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Paying down debt by selling assets But Occidental has defended the logic and terms of the Anadarko deal.
|
|
Occidental shares dipped 20.3869 percent to $216.25 and Chevron's were 3.1 percent lower at $118.28 on the day.
|
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Still, Occidental has lost more than 7 percent of its value since it disclosed its interest in Anadarko.
|
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Several analysts said it was hard to see how Occidental could afford to stay in a long fight.
|
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Anadarko first disclosed a merger deal with Chevron on April 12 after snubbing a higher bid from Occidental.
|
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Kevin McDonald is the founder of the Occidental Observer, a far-right publication often accused of anti-Semitism.
|
|
Last week, a flight by Occidental's jet to Paris preceded an announcement that Occidental planned to sell $8.8 billion worth of Anadarko's assets in Africa to Total SA. Occidental did not immediately respond to a request for comment on the correlation between the deals and the routes of its corporate jets.
|
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Occidental has said it would "rapidly deleverage" by selling off up to $15 billion of assets within two years.
|
|
For each Anadarko share, Occidental offered to pay $38 in cash and 0.6094 shares of its own common stock.
|
|
Citi sold Hall's energy trading division to Occidental Petroleum that year rather than take up the fight with him.
|
|
The announcement on Sunday offers some clarity on how Occidental would fund its cash-and-stock purchase of Anadarko.
|
|
On Monday, Anadarko restarted talks with Occidental after its board determined the offer could be superior to Chevron's bid.
|
|
Billionaire investor Warren Buffett invested $10 billion in Houston-based Occidental in an effort to help the takeover bid.
|
|
Wall Street is focused on Chevron and smaller rival Occidental Petroleum Corp's battle to take over Anadarko Petroleum Corp.
|
|
Occidental is offering $76 a share for Anadarko, representing a roughly 20% premium to Chevron's $65-per-share offer.
|
|
Occidental was prepared to pay $24 a share for Anadarko and is currently exploring its options, the sources said.
|
|
Otros virus muy similares, como la fiebre amarilla, el dengue y el virus del Nilo Occidental, no suelen hacerlo.
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OCCIDENTAL MAKES PROPOSAL TO ACQUIRE ANADARKO FOR $76.00/SHARE; THE CASH AND STOCK TRANSACTION IS VALUED AT $57 BILLION
|
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Then Occidental reached a deal to sell Anadarko's operations in Africa to French oil major Total for $8.8 billion.
|
|
Cramer believes both Occidental and Exxon Mobil need to do a deal in the wake of the Anadarko buyout.
|
|
The Occidental bid had reached the mid-$70s per share and was being structured as a 40% cash deal.
|
|
Occidental continues to consider whether it should take the price to shareholders in an unsolicited offer, the sources say.
|
|
Occidental said the agreement, which it expects to conclude in late 2019, would allow it to accelerate development plans.
|
|
Occidental said this week it plans to spend $3.9 billion in 2018, about 7 percent higher from 2017 levels.
|
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He specifically likes ExxonMobil, Royal Dutch Shell and Occidental Petroleum, which have yields between 2.5 percent and 7 percent.
|
|
Occidental offered to buy Anadarko for $55bn, exceeding Chevron's recent $49bn bid, which has been accepted by Anadarko's board.
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El Salvador ya se ha ganado el nada envidiable título de ser el país más violento del hemisferio occidental.
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" Trader Tim Seymour said Occidental Petroleum has been "growing [its] position relative to other [companies] in the Permian Basin.
|
|
Trader Brian Kelly said that he believes oil prices will go higher, so Occidental makes sense as an investment.
|
|
Occidental has promised to rapidly reduce its debt, in part by selling off some of its non-oil assets.
|
|
U.S.-based Occidental Petroleum Corp, which operates the fields, suspended output there in early March because of the attacks.
|
|
He said his "gradual" transformation began when he was at Occidental College at the beginning of his undergraduate education.
|
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"At the conclusion of the rally the large group returned to Occidental Park," Jamieson said in a news release.
|
|
Occidental said average worldwide realized crude oil prices rose 230 percent to $2190 per barrel in the third quarter.
|
|
There was also no reply to an emailed request for comment from Occidental sent outside of U.S. business hours.
|
|
Still, Occidental recently put on hold plans to divest its pipeline unit after failing to attract an attractive offer.
|
|
Berkshire had committed a $10 billion preferred stock investment in Occidental to help that company buy rival Anadarko Petroleum.
|
|
She convinced Berkshire Hathaway Inc's Warren Buffett to invest $10 billion in Occidental stock to help close the deal.
|
|
As one of America's most prolific producers using carbon to extract oil, Occidental is staking its business on it.
|
|
Chevron declined to comment on the Occidental move or say whether it will change its $65-a-share bid.
|
|
Anadarko will now kick off negotiations with Occidental to see if it can finalize a deal, the sources said.
|
|
Anadarko shareholders will be given a vote on the sale of the company, be it with Occidental or Chevron.
|
|
Occidental bought Anadarko Petroleum last year for $38 billion, and Monday's declines sank its market value to $11.2 billion.
|
|
Those efforts prodded Occidental to obtain financing from billionaire Warren Buffett's Berkshire Hathaway Inc that eliminated a shareholder vote.
|
|
Occidental said the deal with Total, contingent on its successful acquisition of Anadarko, would be valued at $8.8 billion.
|
|
Occidental said yesterday that Warren Buffett's Berkshire Hathaway had committed to investing $22017 billion to help it buy Anadarko.
|
|
Occidental Petroleum Corp, and privately held CrownQuest Operating, both have costs below $30 per barrel, according to Rystad Energy.
|
|
Occidental did not have broadcast classes, but a coach connected him with a team in the Alaska Baseball League.
|
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Occidental bought Anadarko Petroleum last year for $38 billion, and Monday's declines sank its market value to $11.2 billion.
|
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The cases began as claims for black-lung disability benefits against Island Creek Coal Company, an Occidental Petroleum subsidiary.
|
|
It was there that he met Ann Zwicker, an Occidental College student from California spending a year studying abroad.
|
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For Occidental, or Oxy as it is known, Mr. Obama has long been its little-known claim to fame.
|
|
Oil stocks were trading higher on Thursday, with Marathon Oil, ConocoPhillips, Occidental and Diamondback all up at least 0.5%.
|
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Gambia, un pequeño país en la costa occidental de África, ha iniciado este año un proceso de reconciliación nacional.
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Occidental is one of the biggest exporters of U.S. crude and routinely ships to Asian buyers, trade sources said.
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Occidental is one of the biggest exporters of U.S. crude and routinely ships to Asian buyers, trade sources said.
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At the time of the contract termination, Occidental was Ecuador's largest oil investor, extracting about 100,000 barrels per day.
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Occidental is already the largest Texas EOR producer, which uses carbon dioxide and other means to boost oil recovery.
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That huge payout prompted a backlash, and a year later Citi sold Hall's Philbro trading division to Occidental Petroleum.
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Islam [and Muslim migration] is just the form it takes in Occidental Europe especially, and especially in France probably.
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He's also a regular contributor to Occidental Dissent, a blog that's closely affiliated with the League of the South.
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Those efforts prodded Occidental to get financing from billionaire Warren Buffett's Berkshire Hathaway Inc that eliminated a shareholder vote.
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The -- on last Friday, less than a week ago, last Friday I got a call in the middle of the afternoon from Brian Moynihan, CEO of Bank of America, and he said that they were involved in financing the Occidental deal and that the Occidental people would like to talk to me.
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But Anadarko felt at the time, according to people close to that company who have spoken to me, that the stock price at Occidental, the need for a shareholder vote by Occidental shareholders, simply posed too much risk for Anadarko to be willing to take what appeared to be a significantly higher bid.
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The Berkshire investment, contingent on Occidental completing its proposed acquisition of Anadarko, could also repay some of the debt being taken on to finance the deal's cash portion, or cover the $10 billion to $15 billion of proceeds from asset sales which Occidental plans in the two years after closing the acquisition.
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MacDonald, the Occidental Quarterly publisher who churns out academic-sounding tracts, says the credit all goes back to Regnery, without whom there would have been no Charles Martel Society, no Occidental Quarterly, and no Washington Summit Publishers, a publishing house run by Spencer that specializes in white nationalist and far-right books.
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BECKY QUICK: We-- have much more to talk about this morning including the Occidental deal that you already referred to.
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And also if there was a price at which you would think that Anadarko – or rather that Occidental shouldn't pay.
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In the early 90s, she studied storytelling at Occidental College in Los Angeles, where she later launched her film career.
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Chevron, a company worth nearly six times as much as Occidental, walked away from the deal because it feared overpaying.
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Also participating are the CEOs of ConocoPhillips, Chevron, Chesapeake Energy, BP, Continental Resources, PEMEX, Total and Occidental Petroleum, among others.
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Vicki Hollub, the CEO of Occidental, increased pressure on Anadarko in a letter to its board of directors dated Sunday.
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Occidental Petroleum has fallen 13 percent in the past three months, lagging the 12 percent drop in the XLE ETF.
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Occidental was able to offer more cash after securing a $10 billion preferred stock investment from Warren Buffett's Berkshire Hathaway.
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The 8% rate is much more than what it would have cost Occidental to get a bank loan, he said.
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Chevron reached a deal to buy Anadarko for $33 billion last month, but Occidental later put in a higher offer.
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Both arrangements are contingent on Occidental completing its acquisition of Anadarko and would fund the cash component of the deal.
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The deal's financial and operating risks have soured some big Occidental holders including T. Rowe Price and Matrix Asset Management.
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Last week, Occidental made a rival bid for the oil and gas driller, challenging Chevron's $83 billion buyout of Anadarko.
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Chevron may try to lure Anadarko away from Occidental Petroleum, but some analysts expect a lower bid than its rival.
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The board's determination allows Anadarko and its advisers to resume talks with Occidental under the terms of the Chevron deal.
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Jennifer Piscopo of Occidental College in Los Angeles says that most studies show the women are as accomplished as men.
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Occidental Petroleum CEO Stephen Chazen echoed that sentiment in an interview on CNBC's "Squawk on the Street" earlier this month.
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The big picture: Cutting methane emissions is one focus of the group, which now includes ExxonMobil, Occidental Petroleum and Chevron.
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If Anadarko proceeds with a sale to Occidental, it will have to pay Chevron a $1 billion deal breakup fee.
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He also criticized Occidental Chief Executive Vicki Hollub and her management team for taking $100 million in pay since 2016.
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DAVID FABER: Becky, Occidental Petroleum has decided to move forward with a public proposal to acquire Anadarko Petroleum, of course.
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In his view, Chevron also has more currency because it would emerge from the deal with less debt than Occidental.
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Occidental is mostly focused on Anadarko's Permian assets, while Chevron has its eye on a bigger part of the portfolio.
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Sankey speculates that Chevron could waive the $1 billion breakup fee in exchange for a major asset swap with Occidental.
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And with a far larger balance sheet than Occidental boasts, Chevron can more easily digest an acquisition of this size.
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Occidental Petroleum — The energy producer lost 15 cents per share for its latest quarter, but revenue came in above estimates.
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Occidental is trying to convince Anadarko to accept its offer and abandon the agreed $33 billion sale to Chevron Corp .
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Analysts said Berkshire's financing looked expensive for Occidental but could help it buy Anadarko without taking on too much leverage.
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Occidental Petroleum, in a recent presentation, said it expects this gap to hit $20 a barrel by the third quarter.
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The Omaha-based value hunter contributed $10 billion in financing for the Occidental bid via Berkshire Hathaway, Buffett's holding conglomerate.
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The Occidental-Anadarko deal closed on Thursday in a transaction valued at $55 billion, including the assumption of Anadarko's debt.
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Anadarko shareholders are receiving $59 in cash and 0.84 shares of Occidental common stock per share of Anadarko common stock.
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Berkshire's promise of a capital injection enabled Occidental to pad the offer with more cash and fewer of its shares.
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Icahn expects to schedule meetings with Occidental shareholders in the next four weeks to press the case for board seats.
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Occidental has proposed selling Anadarko's Africa assets, including a proposed Mozambique liquefied natural gas project estimated to cost $20 billion.
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Occidental made a $38 billion offer for Anadarko last week, trumping Chevron Corp's $33 billion bid from earlier this month.
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"We are thrilled to have Berkshire Hathaway's financial support of this exciting opportunity," Occidental Chief Executive Officer Vicki Hollub said.
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The deal, which would be expected to close next year, is contingent on Occidental winning the war to acquire Anadarko.
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Occidental produces significant volumes of oil in the Permian - and its marketing arm buys barrels from other Permian shale producers.
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"We're trying to get as much to the Gulf and get it out of there," a source at Occidental said.
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Icahn expects to schedule meetings with Occidental shareholders in the next four weeks to press the case for board seats.
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LONDON (Reuters) - Canada-based Carbon Engineering said on Wednesday it had received investment from a subsidiary of Occidental Petroleum Corp.
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HOUSTON (Reuters) - Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter's Aug.
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Occidental Petroleum (OXY) said it will slash capital spending by 40% in 2020, after reporting lower than expected quarterly profit.
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Fugure said the high vote totals such as at Occidental show how climate change is becoming an accepted business issue.
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Schlumberger gained 93 cents, or 0.13 percent, to $78.52 and Occidental Petroleum picked up $1.06, or 1.4 percent, to $77.16.
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The deal's financial and operating risks have soured some big Occidental holders, including T. Rowe Price and Matrix Asset Management.
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Occidental has proposed selling Anadarko's Africa assets, including a proposed Mozambique liquefied natural gas project estimated to cost $20 billion.
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Occidental stood out last year because its measure was both the first to pass and saw record votes in support.
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Occidental is trying to convince Anadarko to accept its offer and abandon the agreed $292 billion sale to Chevron Corp.
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This removes the risk of Occidental not being able to shed Anadarko assets it considers non-core to the deal.
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Occidental Petroleum Corp, WPX Energy, Noble Energy Inc and RSP Permian Inc have also made major commitments to the region.
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The crude oil reportedly came from a pipeline owned by Centurion Pipeline, a wholly owned subsidiary of Occidental Petroleum Corp.
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With oil falling again, energy stocks like Apache Corporation and Occidental Petroleum led the slide in the S&P 633.
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The letter was addressed to Alexandra McNear, his girlfriend at Occidental College in Los Angeles, where he had transferred from.
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Oil firms such as Occidental Petroleum have been pumping captured CO2 into old wells in order to extract additional oil.
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Occidental was the rival bidder that lost out to Chevron in the race to buy Anadarko, sources said on Friday.
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For years Occidental was a rumored takeover target for companies aiming to expand in the Permian, like Royal Dutch Shell.
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Deals • Anadarko's secret to getting a high takeover bid from Occidental Petroleum, according to a regulatory filing: Keep saying no.
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Occidental is offering $21.25 a share versus Chevron's $2702, but Chevron is much bigger and could easily raise its offer.
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In doing so, he kicked off a bidding war, which he ultimately lost when Cities Service was acquired by Occidental.
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Companies including Occidental Petroleum Corp, Apache Corp, Cenovus Energy and Husky Energy Inc have slashed their spending for the year.
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Shell is among a handful of oil giants including Chevron and Occidental Petroleum that are backing emissions-to-product startups.
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Now, Carbon Engineering is developing its first commercial facility in the Permian Basin in partnership with the oil giant Occidental.
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He was hired by Occidental in 1977, beating out approximately 250 other applicants for the job, according to the college.
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The series includes nine letters Obama wrote to Alexandra McNear, who was his girlfriend at Occidental College in Los Angeles.
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Occidental Petroleum – The company matched Street forecasts with fourth-quarter earnings of 41 cents per share, while revenue beat forecasts.
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But it's not clear just how "carbon neutral" Occidental is aiming to be -- nor how feasible the goal even is.
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He graduated magna cum laude from Occidental College and received a law degree cum laude from the University of Arizona.
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He's received $1.8 million from PACs linked to energy companies since 2005, with top donors including Chevron and Occidental Petroleum.
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JANUARY 2018 - Occidental made a revised proposal of $76 a share for Anadarko, half in cash and half in stock.
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It remains unclear whether Icahn will be able to persuade enough disgruntled Occidental shareholders to oust the board of directors.
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The clash between Icahn and Occidental is squarely focused on Hollub's victorious bidding war against Chevron for control of Anadarko.
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Occidental has also acknowledged the risks posed by the debt it had to take on to pull off the deal.
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Last month, Exxon, Chevron and Occidental Petroleum (OXY) became the first US members of the Oil and Gas Climate Initiative.
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Occidental Petroleum — Shares of the exploration and production company gained 1.7% after the company issued guidance for fourth quarter results.
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The biggest losers this week in the XLE include Apache, Occidental Petroleum and ONEOK, which tanked more than 55% each.
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Should Occidental acquire Anadarko, Berkshire would invest $22 billion in new preferred shares that have an 22.1 percent annual dividend.
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It's largely turned from mainstream conservative outfits to openly racist venues like VDARE, Taki's, American Renaissance, and the Occidental Observer.
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Occidental had struggled to win over Anadarko because its first public $38 billion offer of 50 percent cash and 50 percent stock, as well as previous offers made privately, required the approval of Occidental shareholders, and Anadarko was not convinced they would go for the deal, two sources familiar with the discussions told Reuters.
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Occidental had struggled to win over Anadarko because its first public $23 billion offer of 50 percent cash and 50 percent stock, as well as previous offers made privately, required the approval of Occidental shareholders, and Anadarko was not convinced they would go for the deal, two sources familiar with the discussions told Reuters.
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Occidental is trying to convince Anadarko to accept its offer and abandon the agreed-upon $33 billion sale to Chevron Corp.
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My understanding is Anadarko and Occidental had talked much earlier, well before the Chevron bid, and were talking about a transaction.
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WARREN BUFFETT: Yeah, I would also think that the shareholder – if you own Occidental, you're bullish on oil over the years.
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Other qualified bidders include: CNE Oil and Gas, Occidental Petroleum, Hunt Overseas Oil Company, Amerisur Exploracion, Mansarovar Energy and Noble Energy.
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Other qualified bidders include CNE Oil and Gas, Occidental Petroleum, Hunt Overseas Oil Company, Amerisur Exploracion, Mansarovar Energy and Noble Energy.
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Mr Icahn holds a 2000% stake in Occidental and has nominated a slate of directors to sit on the company's board.
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New York (CNN Business)Occidental Petroleum's decision to enter a bidding war with Chevron is drawing fire from a leading shareholder.
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T. Rowe Price expressed concern that the Buffett deal will prevent a shareholder vote by Occidental shareholders on an Anadarko transaction.
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However, the fact that Berkshire will be granted 100,000 shares of preferred stock could allow Occidental to avoid triggering those rules.
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"We are thrilled to have Berkshire Hathaway's financial support of this exciting opportunity," Occidental CEO Vicki Hollub said in a statement.
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The proposed $10 billion investment from Buffett highlights the aggressive nature of the takeover for a company the size of Occidental.
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Anadarko's board of directors resumed negotiations with Occidental last week after determining the rival bid could be superior to Chevron's offer.
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The board intends to cancel the deal with Chevron and enter into a definitive agreement to sell its business to Occidental.
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Pickering said the deal is considered to be transformational by Occidental, but for Chevron it is more a way of business.
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Activist investor Carl Icahn has taken a small stake in Occidental Petroleum, people close to the matter told CNBC on Friday.
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On Wednesday, rival Occidental bid $38 billion on Anadarko, kicking off the first takeover battle for an oil company in years.
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Occidental Petroleum launched a rival offer for Anadarko this week, potentially setting up a rare bidding war in the oil patch.
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Chevron and Occidental also have put forward different estimates on the value of the operational synergies they can derive from Anadarko.
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The evacuations applied to those in Dry Creek Valley, Mark West/Larkfield area, Fulton, Forestville, Guerneville, Occidental, Jenner and Bodega Bay.
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Anadarko's board said Monday a revised $76 billion offer from Occidental was superior to its existing $33 billion agreement with Chevron.
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It is not clear whether Chevron would have increased its offer prices had the Anadarko-Occidental talks continued into the weekend.
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South Texas Money Management, which has $2300 billion in assets under management, including shares of Chevron and Occidental, hopes Chevron prevails.
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Now, Anadarko said it will resume negotiations with Occidental, which is already the No. 13 oil producer in the Permian Basin.
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Last week, Occidental offered to purchase each Anadarko share for $38 in cash and 0.6094 of a share of Occidental's stock.
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Occidental offered last week to buy Anadarko for $20153 billion, topping the $22015 billion that Chevron Corp had agreed to pay.
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He recommended shares of Occidental Petroleum, which is the largest producer of oil in the field, according to the company's website.
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Until, that is, Occidental made a counteroffer of $57bn (with debt) on April 24th, then on May 323th sweetened its terms.
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"The purchase of Anadarko makes Occidental larger but significantly less valuable," Evercore analysts wrote in a note to investors on Monday.
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Anadarko Petroleum on Monday indicated that it may leave Chevron at the altar, and go with Occidental Petroleum's higher acquisition bid.
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CORRECTION: This article has been updated to show that Anadarko has a deal to be acquired by Occidental for $38 billion.
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Buffett's backing allowed Occidental to sweeten its bid, eventually forcing much larger Chevron (CVX) to retreat from the bidding war altogether.
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"If oil goes below $40 a barrel, the Anadarko deal could give Occidental almost an existential problem," Icahn told CNN Business.
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Occidental also called on shareholders to reject the consent solicitation put forward by Icahn to get a vote on his nominees.
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Anadarko has previously expressed reservations about the risk of Occidental having to get any deal voted through by its own shareholders.
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The trend began earlier this year when PayPal limited the alt-right white supremacist site Occidental Dissent's account on May 1.
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Rating firms are forecasting a debt downgrade because of the deal, though none expect Occidental will fall into junk bond status.
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Stephen Chazen, CEO of Occidental Petroleum, agreed, but warned that hopes to see the market rebound can make people too optimistic.
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Two days after Occidental announced its bid for Anadarko on April 24, Oxy's corporate jet was on the tarmac in Paris.
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The energy sector was the biggest loser, dragged down by Occidental Petroleum, the largest Permian producer, which boosted its capital expenditure.
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The drilling acreage offered is mostly in Wyoming and includes minerals, properties Occidental operates and some land leased to other producers.
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He later taught human rights and political science at Occidental College and has visited more than 210 countries across the world.
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Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a higher, $38 billion cash-and-stock offer for Anadarko.
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Some of the carbon dioxide, a greenhouse gas, comes from naturally occurring reservoirs that are a low-cost source for Occidental.
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Representatives from top U.S. companies including Chevron, Total and Occidental were scheduled to attend the meeting with Pompeo, according to Reuters.
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Buffett's conglomerate also revealed a new stake in Occidental Petroleum worth around $332 million, according to the company's 13-F filing.
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The investor expects to schedule meetings with Occidental shareholders in the next four weeks to press the case for board seats.
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Occidental College in Los Angeles hired a law firm, Pepper Hamilton, to conduct what was essentially a Title IX compliance audit.
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Occidental is trying to convince Anadarko to accept its offer and abandon the agreed-upon $6.623 billion sale to Chevron Corp.
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Exploration and production companies got clobbered, with Pioneer Natural Resources (PXD) down 37% and debt-ridden Occidental Petroleum (OXY)losing 52%.
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Deals • Carl Icahn has raised his stake in Occidental Petroleum to nearly 10 percent, as he seeks to unseat the board.
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Today, Occidental is in turmoil because that deal required it to pile on debt -- just months before the collapse in prices.
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"The psychology has turned," said David Katz, president of Matrix Asset Advisors, a New York investment firm that owns Occidental shares.
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Skeptics of Occidental's effort to acquire Anadarko have consistently noted that Occidental does not have the deep pockets that Chevron has.
|
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The announcement by Anadarko's board, a day after Occidental sweetened its bid with more cash, is far from a final decision.
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Chevron will now have four days to improve its offer, after which Occidental would have several days to revise its bid.
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Over the last week, Occidental won a $10 billion investment from Warren E. Buffett's Berkshire Hathaway to help finance the acquisition.
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Carl Icahn has a nearly 5 percent stake in Occidental, and wants to know more about how the transaction came about.
|
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Occidental Petroleum was also in the green with a gain of more than 3%, one day after the stock plummeted 53%.
|
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Premier joins oil major Chevron Corp and Occidental Petroleum Corp in exploring ways to cut spending amidst the crash in prices.
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The Occidental Grand Papagayo is an all-inclusive resort, but the women did not feel they could indulge in the buffets.
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Exxon Mobil Corp and Occidental Petroleum said they are closely monitoring Dorian, and their Gulf of Mexico operations were operating normally.
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Diamondback and Occidental are the two worst-performing stocks in the S&P 22015 in 216, down more than 70% each.
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Other speakers on the agenda included the chief executives of Saudi Aramco, BP, ConocoPhillips, Equinor, Occidental Petroleum and Royal Dutch Shell.
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Exxon Mobil and Occidental Petroleum made large gains as the price of oil rose by the largest amount since early April.
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Other schools that produce better-than-average results, according to his analysis, include Bates College, Occidental College and SUNY-Maritime College.
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One, now owned by Total following the takeover of ex-operator Anadarko by Occidental Petroleum, has taken a final investment decision.
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Occidental told the FT it is running pilots to extend its EOR process to shale oilfields, instead of just traditional oilfields.
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Los Junglers han confesado el asesinato de 56 migrantes de África occidental a los que el gobierno acusaba de ser mercenarios.
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Occidental fully owns the general partner stake, which effectively controls Western Midstream, and around 55% of Western Midstream's limited partner units.
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"There's a renewed discipline," Occidental Petroleum (OXY) CEO Vicki Hollub said Wednesday at the Columbia Global Energy Summit in New York.
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Occidental Petroleum (OXY) said it would begin a new round of job cuts, following its $38 billion buyout of Anadarko Petroleum.
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Occidental has been selling assets and cutting costs since it outbid Chevron Corp for Anadarko, quadrupling its debt to $40 billion.
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Or find other uses for it, such as its recent $10 billion investment for preferred shares of oil company Occidental (OXY).
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Occidental justified the lower offer by citing the higher cash component and referring to findings in its due diligence into Anadarko.
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BlackRock, a major Occidental investor, last year had opposed a similar resolution, which failed get a majority of support from investors.
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"En Venezuela, y en el hemisferio occidental, el socialismo está muriendo y la libertad, la prosperidad y la democracia están renaciendo".
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Among the Presidents' Day offerings featured at Occidental Grill & Seafood in downtown D.C.: the #6900 cocktail, named after former President Obama.
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In taking its fight directly to Anadarko's shareholders, Occidental is hoping to make the case that the Chevron deal shortchanged them.
|
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Anadarko late Monday backed a US$38bn bid from Occidental, after Occidental boosted the cash portion of its offer to 78% from 1.53%, pulled in a US$10bn investment by billionaire Warren Buffet and arranged a deal with French oil company Total SA to pay US$8.8bn for its international assets once the merger goes ahead.
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Occidental has defended the deal, saying it will increase the company's position in fast-growth regions like the Permian of West Texas.
|
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Anadarko shares jumped 3.1 percent to $74.95 while Occidental dipped 0.4 percent to $57.74 and Chevron rose nearly 1 percent to $118.43.
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Occidental said it has suspended its share repurchase program due to the Anadarko bid, and will instead focus on paying down debt.
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The size of the Anadarko offer raised concerns among some analysts that Occidental could be biting off more than it can chew.
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Last week, Occidental CEO Vicki Hollub promised to "rapidly deleverage" by selling off up to $15 billion of assets within two years.
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Other earnings are expected from Beazer Homes, Regeneron, CVS Health, Nissan, Occidental Petroleum, Cummins, KKR, Norsk Hydro, and Total, before the bell.
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Anadarko's shareholders voted 99% in favor of the deal that gives them $72.34 per share based on Wednesday's closing price for Occidental.
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Occidental has taken several steps to outmatch the much larger Chevron since launching its $38 billion rival offer nearly two weeks ago.
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Buffett, ever the salesman, said that would not have happened if the Occidental executives took a flight from NetJets, which Berkshire owns.
|
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Occidental is still offering to buy Anadarko for $76 a share but would now pay 103% in cash and 22% in stock.
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The risk of Occidental shareholders voting down the purchase created uncertainty that Occidental's management could bring the buyout over the finish line.
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Following the proposed sales to Total, Occidental would control Anadarko's assets in U.S. shale basins, the Gulf of Mexico and South America.
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The Berkshire investment helps Occidental with the cash component of the proposed acquisition, said Richard Tullis, energy equity analyst at Capitol One.
|
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Both Chevron and Occidental are seeking to expand their presence in the Permian, which stretches across western Texas and southeastern New Mexico.
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Hollub counters that Occidental is outperforming other drillers in the Permian, squeezing more oil from the region's shale rocks at lower cost.
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"To put the point even more strongly, Occidental is going head-to-head against a supermajor four times its size," he said.
|
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Around that level, it would be difficult for Occidental to compete because Anadarko shareholders prefer Chevron shares to Occidental's stock, Bradley said.
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Chevron projects the synergies to be worth $1 billion a year, while Occidental says it can extract $2 billion annually in synergies.
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Chevron Corp and Occidental Petroleum Corp are currently competing to acquire Anadarko Petroleum Corp , which holds more than 400,000 acres in Colorado.
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Last month, Berkshire committed $10 billion to Occidental Petroleum's cash-and-stock bid for Anadarko Petroleum, which Chevron also wants to buy.
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It estimated interest and fee income from the transaction of more than $600 million from a consortium led by Occidental Petroleum Corp.
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Occidental's earlier trip to Nebraska tipped off investors that Occidental had something in the works with the Oracle of Omaha's Berkshire Hathaway.
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Occidental said it continues to reduce its exposure to non-core operations in the United States, the Middle East and North Africa.
|
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Occidental shares were trading on Thursday at $57.48, down sharply from $66.63 a month ago, prior to rumors it might challenge Chevron.
|
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Some of the candidates include Occidental Petroleum and EOG Resources, Ion Energy Group consultant Kyle Cooper told CNBC's "Closing Bell " last week.
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Chevron's offer was constructed as 613 percent in cash and 75 percent in stock, compared with the 50-50 split from Occidental.
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Anadarko Petroleum (APC) is preparing to recommend a $76 per share takeover offer from Occidental Petroleum (OXY), according to the Financial Times.
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Production at the Cano Limon oilfield, operated by U.S.-based Occidental Petroleum Corp, and exports have not been affected, the sources said.
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Anadarko shareholders voting today to approve the company's $240 billion acquisition by Occidental Petroleum, a deal that has angered our next guest.
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Since she came into as CEO May 212nd, 2240, the value of Occidental has dropped $2000 billion, down 13%, under her stewardship.
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The explosion did not affect exports or production in the Cano Limon oil field in northern Arauca province, operated by Occidental Petroleum.
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Occidental has defended the financing with Buffett, pointing out that the company didn't have the luxury of waiting to get the funds.
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In a statement, Anadarko's board of directors said it will evaluate the Occidental offer in consultation with its legal and financial advisers.
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Rival Occidental Petroleum Corp reported better-than-expected earnings on Tuesday, while Hess Corp posted a smaller-than-expected loss last month.
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Excluding one-time items, Occidental earned $1.77 per share topping analysts' estimates of $1.54 per share, according to IBES data from Refinitiv.
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HOUSTON, Aug 1 (Reuters) - Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter's Aug.
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Still, Occidental recently put on hold plans to divest its Western Midstream Partners pipeline unit after failing to attract an attractive offer.
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Shares of Occidental Petroleum climbed nearly 2% after the "Oracle of Omaha" disclosed his roughly $332 million stake in the gas company.
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Resolutions calling on ExxonMobil and Occidental Petroleum to analyze what a low-carbon future means for them received unprecedented majority investor support.
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Chevron Corp and Occidental Petroleum Corp are currently competing to acquire Anadarko Petroleum Corp, which holds more than 400,000 acres in Colorado.
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A majority of shareholders voting at Occidental Petroleum Corp and PPL Corp called for similar reports on the risks of climate change.
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Timing: Last year, investors like BlackRock voted to support resolutions at ExxonMobil and Occidental Petroleum, which were the main reason those passed.
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Occidental Petroleum, one of the biggest producers in Texas' Permian basin, quietly issued its first-ever climate change report earlier this month.
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Occidental Petroleum, which has made extracting oil with naturally stored (not human-captured) carbon a key part of its portfolio for decades.
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The move means Occidental shareholders who oppose the bid, including T Rowe Price, will not get an opportunity to vote it down.
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On Tuesday, Occidental also secured a $2719 billion investment from Warren Buffet's Berkshire Hathaway Inc in support of its bid for Anadarko.
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Separately, Occidental said its first-quarter adjusted profit fell 10.9 percent as lower prices for its crude hurt oil and gas revenue.
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Occidental unveiled its bid for Anadarko last Wednesday, offering to pay for it half in cash and half with its own shares.
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In California, a "John Doe" who is suing Occidental College claims he was expelled in 28503 for a consensual drunken hook-up.
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An Occidental spokesman said via e-mail the shareholder resolution passed at the company's annual meeting, held in Houston, Texas on Friday.
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Exploration and production companies suffered even steeper losses: Pioneer Natural Resources (PXD) plummeted more than 30%, while Occidental Petroleum (OXY)lost 40%.
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The board also calculated that Occidental would have to sell assets to pay down debt, adding to the risks it would face.
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Carl Icahn is seeking four seats on Occidental Petroleum's board as he escalates his opposition to the company's plan to buy Anadarko.
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Chevron, Occidental Petroleum and BHP have invested in Carbon Engineering, a start-up developing technology to take carbon out of the atmosphere.
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Mr. Buffett's cash (and blessing) could help Occidental beat Chevron, which has offered $235 billion for Anadarko compared with Occidental's $220 billion.
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Chevron had offered $33 billion for Anadarko, but Occidental (which had pursued Anadarko for months) came back with its $38 billion proposal.
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Other notable decliners include Noble Energy, which slid more than 23%, as well as Occidental Petroleum, which was down more than 2211.7%.
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Occidental Petroleum (OXY): The energy company announced employee salary cuts of up to 30%, according to an internal memo seen by Reuters.
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" Occidental Petroleum: "I think it can bounce, but I'm worried about that balance sheet and I'm worried about the price of oil.
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Chevron's rivals, including Occidental Petroleum Corp , Apache Corp and Gulfport Energy Corp, have already cut workers in response to the gas glut.
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" KAYE JENKINS, Occidental College (California), '218 "This is toddler Sarah's reaction to her sister, Emily, getting on a school bus for kindergarten.
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This was followed by Friday's tentative charter of another crude vessel by Occidental Petroleum Corp for $13.25 million to ship in November.
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Occidental has been selling assets and cutting costs since its it outbid Chevron Corp for Anadarko, taking on $40 billion in debt.
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Occidental has been selling assets and cutting costs since it outbid Chevron last year for Anadarko, quadrupling its debt to $40 billion.
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"She gave him a gift," Icahn told CNN Business in July as he launched a proxy war to replace four Occidental directors.
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Occidental Petroleum rose 6%, Chesapeake Energy rose 15.7%, Callon Petroleum rose 17.96%, Oasis Petroleum was 29% higher and Whiting Petroleum jumped 49.14%.
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Occidental must deliver strong growth or it could itself become a takeover target, said a person familiar with merger-and-acquisition discussions.
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It wasn't an earthquake, but the seismic testing equipment of the Occidental Petroleum Corporation, an American company that had come to Peru.
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Occidental said that with the assumption of Anadarko's debt, the offer was worth $21 billion, 210 percent more than the Chevron deal.
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Chevron and Occidental are already among the premier producers in the field, while Anadarko has identified 10,000 drilling locations on its land.
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Leo Mariani, an analyst at KeyBanc Capital Markets, wrote that a bidding war "is not in the best interest" of Occidental shareholders.
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Hugo Tillman was not long out of Occidental College when he started freelancing as a photo assistant for Mr. Testino in 218.
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Anadarko holds nearly a quarter million acres (102,000 hectares) of land in the Permian Basin, the biggest prize for Chevron and Occidental.
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I was introduced to the book by a friend of mine at Occidental College, a professor by the name of James Ford.
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Occidental has been backed by Berkshire Hathaway's Warren Buffett, who invested $10 billion in the company to help finance its takeover of Anadarko.
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And Occidental shareholders could have their position watered down because Berkshire received warrants to purchase up to 80 million shares of common stock.
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Rather than plunking down tens of billions of dollars on Anadarko, Icahn argued that Occidental should instead have put itself up for sale.
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"We weren't playing on a level playing field," Occidental Chief Executive Officer Vicki Hollub said on a call with analysts on Monday morning.
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In a statement sent by Sweeney explaining the switch, the fund firm said its vote last year was meant to give Occidental time.
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"The deal with Buffett is very expensive to Occidental and very generous to Berkshire," said Linehan, who previously told Barron's about his concerns.
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Other large Permian oil producers with significant amounts of acreage to drill on are Chevron, Occidental Petroleum, Pioneer Natural Resources and Concho Resources.
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Chevron says it has about 2 million net acres of resources in the Permian Basin, and Occidental Petroleum is also a big player.
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Occidental revealed this week that Berkshire has committed to invest $10 billion in the company to help fund its proposed acquisition of Anadarko.
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Occidental had said it would seek to sell $10 billion to $15 billion worth of assets to underwrite the $38 billion proposed takeover.
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Earlier on Sunday, Occidental announced it had reached a deal to sell Anadarko's African assets to French oil major Total for $8.8 billion.
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Both the divestment and Buffett's investment are contingent on Occidental closing the deal and would underwrite the cash component of the driller's bid.
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