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...Patrick McGee 21....
...Mr Trauber would go on to seal Anadarko’s largest takeover: its $18bn purchase of Kerr-McGee in 2006....
...Downstream refining and marketing operations have offset some of the losses but margins have been under pressure in those businesses too....
...For example, early last year after we, along with Mr Icahn, pressed the management of an underperforming company called Kerr-McGee to take several steps to unlock value, we were branded “short-term” investors...
...Merrill Lynch, the investment bank, Viacom, the entertainment group and Kerr McGee, the chemicals group, all revealed share buy-backs this week....
...On a similar note, Amerada Hess shares declined 5.9 per cent after the company reported a 22 per cent rise in profits, while Kerr-McGee shares lost 1.2 per cent after the company reported record production...
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