ANADARKO PETE CORP (APC)
Occidental Finances $10.8 Billion CrownRock Deal Without Buffett’s Help
Occidental Petroleum Corp. plans to finance its biggest takeover in more than four years without the assistance of top shareholder Warren Buffett.
Occidental Names Strategy Head Sunil Mathew as CFO
Occidental Petroleum Corp. appointed strategy chief Sunil Mathew as chief financial officer, replacing Rob Peterson, who’ll now lead the company’s chemical division.
Occidental Buys Back $522 Million of Berkshire Preferred Stock
Occidental Petroleum Corp. bought back $522 million of Berkshire Hathaway Inc.’s preferred stock in the second quarter, demonstrating its willingness to repay Warren Buffett even as commodity prices drop.
Occidental Buys Back 6.5% of Warren Buffett’s Preferred Stock
Occidental Petroleum Corp. redeemed $647 million, or about 6.5%, of Berkshire Hathaway Inc.’s preferred stock as the oil company begins paying back Warren Buffett four years after he helped finance its acquisition of Anadarko Petroleum Corp.
Disaster for Business as Mozambique Gas Boom Turns to Bust
Mozambican businesses looking to cash in on Africa’s biggest private investment are facing disaster after an attack by Islamic State-linked militants on a town close to Total SE’s $20 billion natural gas export project.
U.S. Oil Production Has Already Passed Its Peak, Occidental Says
America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.
Occidental to Pay Buffett Dividend in Cash, Signaling Confidence
Occidental Petroleum Corp. will pay about $200 million in dividends on preferred shares to Warren Buffett’s Berkshire Hathaway Inc. in cash rather than common stock, a sign of the shale driller’s growing confidence in its ability to manage its debt load.
Anadarko’s $100 Million CEO Ensnared in Oilfield-Fraud Lawsuit
The meeting would mark the beginning of the end of Lea Frye’s career in oil and gas.
A Worthless Oil Field and the CEO’s $100 Million Windfall
The meeting would mark the beginning of the end of Lea Frye’s career in oil and gas.
Buffett’s Berkshire Sells Common Stock in Occidental Petroleum
Warren Buffett’s Berkshire Hathaway Inc. sold its Occidental Petroleum Corp. common equity in the second quarter, heaping further pressure on one of the worst performers during this year’s historic oil rout.
Occidental Restores Employees’ Pay, Lifts Executive Salary Cap
Occidental Petroleum Corp. has restored employee pay cuts imposed after oil prices tumbled and doubled the salary cap for executives to $500,000 a year.
Occidental Discusses $4.5 Billion Asset Sale to Pertamina
Occidental Petroleum Corp. is in talks about a potential sale of energy assets in Africa and the Middle East to Indonesia’s state-owned PT Pertamina, people with knowledge of the matter said.
U.S. Exim Bank Out to Displace China After Record Loan in Africa
The Export-Import Bank of the U.S. opened a new front in the trade war between America and China with its biggest loan yet in sub-Saharan Africa, as it plans to compete more aggressively on the continent.
Occidental to Review Mideast Assets in Bid to Cut Debt
Occidental Petroleum Corp. is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said. The stock jumped 18% to a three-month high.
Occidental Takes $1.4 Billion Writedown, Lowers Spending Plan
Occidental Petroleum Corp. took a $1.4 billion writedown related to an investment in a pipeline affiliate, cut capital spending and withdrew its guidance for the year after a historic collapse in oil prices.
Occidental Takes $1.4 Billion Writedown, Cuts Budget on Oil Rout
Occidental Petroleum Corp. took a $1.4 billion writedown related to an investment in a pipeline affiliate, cut capital spending and withdrew its guidance for the year after a historic collapse in oil prices.
Deadly Triple Threat Douses Mozambique’s $60 Billion LNG Hopes
April Deadline Approaching for Anadarko Petroleum Corporation (APC) Class Action
FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of HPQ, JELD, OXY and XP
INVESTOR ALERT: April Deadline Approaching for Anadarko Petroleum Corporation (APC) Class Action
A Truce With Carl Icahn Will Cost Oil CEO a Cool Million
Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub will see her compensation cut by at least $1 million as billionaire Carl Icahn extends his reach into the company’s boardroom.
INVESTOR ALERT: SPR, APC, TUFN Class Action Deadline Approaching
Occidental Holds Talks With Investors to Address Debt Pile
Occidental Petroleum Corp. started reaching out to debt and equity investors about how to ease its $39 billion debt load after oil’s price collapse cast doubt on plans to raise money by selling assets.
APC INVESTOR ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Anadarko Petroleum Corporation Investors of Class Action and Encourages Investors to Contact the Firm
APC & CVU SHAREHOLDER UPDATE: Bronstein, Gewirtz & Grossman LLC Reminds Shareholders of Class Actions and Encourages Investors to Contact the Firm
APC & CVU SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Reminds Shareholders of Class Actions and Encourages Investors to Contact the Firm
Buffett Bet That Infuriated Icahn Is Hit Hard by Oil Crash
It had all the trappings of a classic Warren Buffett deal. There were the preferred shares created just for him, the warrants giving him an option to buy more common stock and a hefty dividend -- 8%, which came to a cool $800 million a year on the $10 billion he plunked down.
INVESTOR ALERT: April Deadline Approaching for Anadarko Petroleum Corporation (APC) Class Action
APC INVESTOR ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Anadarko Petroleum Corporation Investors of Class Action and Encourages Investors to Contact the Firm
