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United States

Jennifer Hiller

ConocoPhillips will not chase expensive Permian deals, CEO says

May 14 2019

HOUSTON ConocoPhillips Chief Executive Officer Ryan Lance on Tuesday repeated a pledge to restrain spending, saying the U.S. oil producer would not be drawn into pricey mergers and acquisitions.

Bar rises for shale takeovers as Chevron bows out of Anadarko fight

May 13 2019

HOUSTON Chevron Chief Executive Michael Wirth's decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will drive a new wave of consolidation in U.S. shale.

'We are the rightful owners' of Anadarko, Occidental CEO tells shareholders

May 10 2019

HOUSTON Occidental Petroleum Chief Executive Vicki Hollub on Friday touted her $38 billion deal for Anadarko Petroleum Corp and defended the pricey terms she negotiated in a 90-minute session with billionaire investor Warren Buffett to secure the deal without seeking shareholder approval.

Occidental chief faces shareholders on cusp of takeover victory

May 10 2019

HOUSTON, May 10 Occidental Petroleum Chief Executive Vicki Hollub takes her case for buying Anadarko Petroleum to the company's shareholders on Friday, bolstered by rapid deal-making that put her on the cusp of victory.

Chevron drops Anadarko takeover battle after Occidental raises bid

May 09 2019

HOUSTON Chevron Corp abandoned its takeover bid for Anadarko Petroleum Corp on Thursday, outmaneuvered by Occidental Petroleum Corp's higher, $38 billion offer that included more than three times as much cash. | Video

Occidental investor set to vote against board due to Anadarko bid

May 06 2019

HOUSTON T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp board of directors because the company will not allow shareholders to vote on its bid for Anadarko Petroleum Corp, which T. Rowe Price and other shareholders oppose.

Occidental investor set to vote against board due to Anadarko bid

May 06 2019

HOUSTON T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp board of directors because the company will not allow shareholders to vote on its bid for Anadarko Petroleum Corp, which T. Rowe Price and other shareholders oppose.

UPDATE 1-Occidental investor set to vote against board due to Anadarko bid

May 06 2019

HOUSTON, May 6 T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp board of directors because the company will not allow shareholders to vote on its bid for Anadarko Petroleum Corp, which T. Rowe Price and other shareholders oppose.

Occidental says its only option was to boost cash piece of Anadarko bid

May 06 2019

Occidental Petroleum Corp said on Monday its latest bid to take over Anadarko Petroleum Corp was designed to make sure Anadarko's board considers its offer superior to one from Chevron Corp, even though it could spark tensions with its own shareholders.

Occidental says its only option was to boost cash piece of Anadarko bid

May 06 2019

HOUSTON Occidental Petroleum Corp said on Monday its latest bid to take over Anadarko Petroleum Corp was designed to make sure Anadarko's board considers its offer superior to one from Chevron Corp, even though it could spark tensions with its own shareholders.

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