Hints and tips:
...Still, the company raised its full-year production guidance, with chief executive Vicki Hollub touting “a strong second half of 2023”....
...The company was the S&P 500’s best performer last year and earned $12.5bn in profits....
...Analysts had expected $7.4bn and $1.2bn respectively, according to S&P Capital IQ....
...“I felt like the media unfairly characterised Vicki personally,” said Katie Mehnert, chief executive of Ally Energy....
...But while Occidental CEO Vicki Hollub’s pay increased by 35 per cent as the company’s shares doubled in 2022, CEO pay at Marathon was flat for the year and pay at Schlumberger dipped 6.4 per cent....
...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...
...Record 2022 earnings of $12.5bn suggest Vicki Hollub’s bet on scale with the purchase of Anadarko — though initially disastrous — might be beginning to pay off....
...“We don’t feel the need to grow production,” said the company’s chief executive Vicki Hollub. “We feel like one of the best values right now is investment in our own stock.”...
...“There are lots of headwinds to increasing production worldwide,” Occidental Petroleum chief executive Vicki Hollub told analysts last week....
...Some countries have resisted a limit of 1.5C in COP27’s official text, US climate envoy John Kerry said at the conference on Saturday, according to Reuters....
...It seems obvious to blame the huge growth in online shopping — accelerated by the pandemic — but Vicki Howard, an academic at the University of Essex and the author of From Main Street to Mall: The Rise...
...Companies in the US S&P 500 index built up an additional $1.3tn of cash on their balance sheets last year, according to data from S&P Capital IQ....
...Last week rating agency S&P downgraded $37bn of its debt to junk status, citing the high leverage Occidental has taken on since buying Anadarko for $56bn last summer....
...Wall Street reacted by dumping its stocks, making the sector one of the S&P 500’s smallest....
...In the same period, the market value of the S&P 500 energy sector rose just 2 per cent....
...The cuts announced by US companies have reduced the total dividends expected from members of the S&P 500 this year by almost $10bn, or 1.9 per cent, said Howard Silverblatt, senior index analyst for S&P...
...The writers of Channel 4’s not-very-lookalikey spoof The Windsors must have looked on in horror as the jest-generating Sussex-Cambridge alliance splintered....
...Vicki Hollub, Occidental chief executive, engineered the Anadarko purchase after outbidding Chevron....
...But arrive she does, in a deafening, grinding squeal of locomotive brakes and a vast plume of steam that fills the auditorium (a brilliant coup de théâtre from designer Vicki Mortimer)....
...When Vicki Hollub stood up to speak at Occidental Petroleum’s annual meeting last Friday, she knew she was facing a sceptical audience....
...The octogenarian activist hedge fund investor, who is an Occidental shareholder, said that Buffett had outsmarted the energy group’s chief executive Vicki Hollub....
...The series kicks off on November 19 with Vicki Hollub, chief executive of Occidental Petroleum....
...At the meeting, Occidental’s chief executive Vicki Hollub set out the case for the acquisition, saying she could see a path to increasing by $10bn the value of Anadarko’s assets just in the Permian Basin...
...But modern Berkshire is playing in a different market and over the past decade Buffett has fallen behind the S&P 500....
...“We are thrilled to have Berkshire Hathaway’s financial support of this exciting opportunity,” Vicki Hollub, the chief executive of Occidental, said when she announced the investment on Tuesday....
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