Be It Via Shareholders’ Revolt Or A Chevron ‘2-For-1 Bid,’ Vicki Hollub’s Occidental Tenure Is Nearing Its End - News Summed Up

Be It Via Shareholders’ Revolt Or A Chevron ‘2-For-1 Bid,’ Vicki Hollub’s Occidental Tenure Is Nearing Its End


In April 2019, Vicki Hollub, Chief Executive of Occidental Petroleum (NYSE:OXY), almost singlehandedly wrote such a script. Despite a less than certain oil price climate, Hollub bid and counterbid no less than four times, raising her offer to $38 billion plus an assumption of Anadarko's debts. In the end, 'Khaleesi' Hollub prevailed with Buffett by her side, Chevron retreated and Occidental bagged Anadarko. "She went head-to-head with an oil company five times the size of her own. Hollub offered to pay around 17% more than what Chevron had agreed to pay for Anadarko, i.e.


Source: Forbes March 16, 2020 22:02 UTC



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