Occidental Petroleum CEO defends premium for Berkshire Hathaway investment

FILE PHOTO: Vicki Hollub, President and CEO of Occidental Petroleum, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Lucy Nicholson

HOUSTON - Occidental Petroleum Corp Chief Executive Officer Vicki Hollub on Friday defended the company’s deal with Berkshire Hathaway Inc’s Warren Buffett that paved the way to winning its $38 billion acquisition of Anadarko Petroleum Corp. Hollub told shareholders at the company’s annual meeting that with the sale of preferred shares, “timing was critical.” Occidental investors criticized the investment as overly expensive because of its 8 percent annual dividend.

MORE CORRUPTION SURELY NOT

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buffett says Occidental Petroleum investment is a bet on oil prices over the long term'It's a bet on oil prices over the long-term more than anything,' Warren Buffett said about Berkshire Hathaway's recent Occidental Petroleum investment. ele cortou o cabelo..........ou estou errada? parece q tirou a s laterais......,ficou bem........seu rosto ficou + proporcional........doreiiiiiiiiii.
Source: CNBC - 🏆 12. / 72 Read more »