Hints and tips:
...But a rebound in oil prices has enabled Oxy to pay down debt and driven a surge in its share price, which helped the company’s chief executive, Vicki Hollub, fend off an activist investor attack from Carl...
...When Vicki Hollub flew Occidental Petroleum’s Gulfstream V jet to Omaha for a meeting with billionaire investor Warren Buffett in April 2019, she needed cash to place a bet....
...Simon, son of the company’s co-founder, was given a $28mn cash bonus. The company’s total shareholder return dropped 22 per cent last year....
...Despite recent record profits, the heads of American shale producers told the Financial Times that rising costs and investor pressure to return cash to shareholders would continue to hamper US supply growth...
...Pioneer returned more than 95 per cent of its $8.4bn free cash flow to shareholders....
...How the ‘dumbest deal in history’ actually paid off When Occidental Petroleum boss Vicki Hollub orchestrated a $10bn financing deal with Warren Buffett to buy Anadarko Petroleum in April 2019, it flabbergasted...
...Occidental chief executive Vicki Hollub flew to Berkshire’s headquarters in Omaha, Nebraska, to secure a $10bn financing package to close the deal....
...“There are lots of headwinds to increasing production worldwide,” Occidental Petroleum chief executive Vicki Hollub told analysts last week....
...“As well as how quickly you could complete, and whether you were buying with cash, you had to say why you wanted the property....
...Manchin ended the quarter with $5.4m cash on hand, while Sinema had $4.5m in the bank — relatively large sums of money for politicians who will not need to face voters for another three years....
...On its third-quarter earnings call in November, Occidental Petroleum’s chief executive Vicki Hollub said debt reduction would be an important use of the company’s cash flow “well into early 2022”. 2....
...This was a relief, because I had already booked the apartment, paid for the ferry tickets and raided the cash machine — details she wouldn’t have the slightest interest in, and why would she?...
...The company is paying Buffett’s hefty dividend in stock instead of cash to help shore up its balance sheet....
...To preserve cash, Occi recut its deal with Buffett, giving him shares in the company in lieu of promised cash payments. Finally, Icahn made his move, gaining four seats on Occi's 11-person board....
...“This oversupply of oil right now is not going to last,” said Vicki Hollub, chief executive of Occidental Petroleum, which has an exploration deal with the Gulf group....
...“By definition, private capital is growth capital . . . we out-drill our cash flow until the time we get to positive free cash flow.”...
...One thing to start: Vicki Hollub, Occidental Petroleum’s chief executive, says her company is doing more to reduce carbon emissions than Tesla....
...Operators could even generate significant free cash flow this year, predicts Rystad Energy....
...And it is a bet Occidental chief executive, Vicki Hollub, had badly lost. The company on Tuesday slashed its dividend by 85 per cent in a desperate attempt to preserve liquidity....
...Vicki Hollub, Oxy’s chief, said last week that the company would “ultimately” become a “carbon management company” with oil and gas a mere side business....
...Asked by an analyst on February 28 whether the coronavirus would threaten its dividend, Vicki Hollub, Occidental’s chief executive, replied: “We’re actually in a good scenario, I think, because we don’t...
...Prospects have now soured for Oxy boss Vicki Hollub. Low oil prices now mean Oxy is itself a takeover target, thinks Lex. Businesses are doing everything they can to avoid running out of cash....
...“Due to the sharp decline in global commodity prices, we are taking actions that will strengthen our balance sheet and continue to reduce debt,” said Vicki Hollub, Occidental’s chief executive....
...Vicki Hollub, chief executive, said those actions would help it generate cash in a world with oil prices in the low $30s per barrel. Since then oil has fallen to the low $20s....
...More recently it has shed tens of billions of dollars in global assets and also faced a cash crunch in China....
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