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Occidental CEO defends Anadarko purchase, touts Ecopetrol JV in Q2 earnings call

Aug 02, 2019 - SNL Energy Finance Daily
Financial Results

Occidental Petroleum Corp. CEO Vicki Hollub made her most public comments to date on the planned acquisition of Anadarko Petroleum Corp. during the company's second-quarter earnings call Aug. 1, saying it will benefit both Occidental and investors in the future.

The planned $57 billion merger is scheduled to close Aug. 8, pending approval from Anadarko's shareholders. The move has been controversial, with Occidental's share price tumbling to decade lows and activist investor Carl Icahn sui...