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Billionaire seeks to replace 40% of Occidental’s board of directors

8 hours ago DieselGasoil Comments Off on Billionaire seeks to replace 40% of Occidental’s board of directors
7/19/2019 HOUSTON – Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and potentially push for a sale. Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate Read More

Icahn launches proxy fight after stalled talks with Occidental CEO

22 hours ago DieselGasoil Comments Off on Icahn launches proxy fight after stalled talks with Occidental CEO
HOUSTON (Reuters) – Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum (OXY.N) to win control of four board seats, according to a regulatory filing, after talks with the oil company’s chief executive failed to reach an agreement. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Read More

Permian watch: America’s hottest shale play is slowing down

2 days ago DieselGasoil Comments Off on Permian watch: America’s hottest shale play is slowing down
By Ryan Collins on 7/17/2019 HOUSTON (Bloomberg) –The engine of America’s shale boom is beginning to sputter. Slowing Growth The almost relentless thrust that has doubled crude output from the Permian basin in three years is showing some signs of waning. Oil flows from the formation spanning West Texas and New Mexico are set to Read More

Anadarko shareholders to vote next month on Occidental deal

1 week ago DieselGasoil Comments Off on Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum Corp (APC.N) shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp – the biggest oil and gas deal of the year. Occidental (OXY.N) avoided its Read More

Robert M. Shearer Elected to Occidental Board of Directors

1 week ago DieselGasoil Comments Off on Robert M. Shearer Elected to Occidental Board of Directors
HOUSTON, July 10, 2019 (GLOBE NEWSWIRE) — Occidental Petroleum Corporation (NYSE:OXY) announced today that Robert “Bob” M. Shearer, a former managing director of BlackRock Advisors LLC, has been elected to its Board of Directors. Mr. Shearer, 64, has over 35 years of experience in securities and leading investment management firms. Before retiring from BlackRock in Read More

Occidental to Announce Second Quarter Results Wednesday, July 31, 2019; Hold Conference Call Thursday, August 1, 2019

1 week ago DieselGasoil Comments Off on Occidental to Announce Second Quarter Results Wednesday, July 31, 2019; Hold Conference Call Thursday, August 1, 2019
HOUSTON, July 09, 2019 (GLOBE NEWSWIRE) — Occidental Petroleum Corporation (NYSE:OXY) will announce its second quarter 2019 financial results after close of market on Wednesday, July 31, 2019, and will hold a conference call to discuss results on Thursday, August 1, 2019, at 12 p.m. Eastern/11 a.m. Central. The conference call may be accessed by Read More

Analysis: Amid record US crude exports, WTI Midland trades in London MOC

2 weeks ago DieselGasoil Comments Off on Analysis: Amid record US crude exports, WTI Midland trades in London MOC
New York — The development of a more transparent market for growing US crude exports into Europe took a further step forward this week with the first ever trade of a delivered WTI Midland cargo in the Platts Market on Close assessment process. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

First delivered WTI Midland crude oil cargo trades in Platts assessment process

2 weeks ago DieselGasoil Comments Off on First delivered WTI Midland crude oil cargo trades in Platts assessment process
London — The development of a market for US crude delivered into Europe took a further step forward Tuesday with the first trade of a delivered WTI Midland cargo in the Platts Market on Close assessment process. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The trade followed a Read More

Icahn steps up fight with Occidental over deal, wants board seats

3 weeks ago DieselGasoil Comments Off on Icahn steps up fight with Occidental over deal, wants board seats
(Reuters) – Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. FILE PHOTO: Investor Carl Icahn responds to a question at a meeting to announce the findings of the Read More

Large Exxon shareholder starts divesting over climate change

4 weeks ago DieselGasoil Comments Off on Large Exxon shareholder starts divesting over climate change
By Kelly Gilblom and William Mathis on 6/21/2019 LONDON (Bloomberg) — One of Exxon Mobil‘s largest shareholders, Legal & General Group, has divested 19 of its funds from the company and will ask its clients if it can withdraw more money, saying the oil and gas producer isn’t adequately addressing climate change. Exxon is the Read More