Occidental Seeks to Move On from Anadarko Deal Seven Years After Acquisition
Deals·1 article across 1 outlet
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Occidental Petroleum is attempting to distance itself from the controversial acquisition of Anadarko Petroleum, which was backed by Berkshire Hathaway. The company aims to establish a more stable direction seven years after the deal, which has been criticized for its complexity and challenges.
CEO Vicki Hollub is leading the charge to navigate the aftermath of the acquisition, focusing on a steadier course for the oil and gas group as it works to overcome the legacy of the Anadarko deal.
Occidental PetroleumAnadarko PetroleumBerkshire HathawayVicki Hollub
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“Oil and gas group charts a steadier course seven years after Vicki Hollub’s notorious Berkshire-backed acquisition”
FT — Occidental tries to free itself from the messy legacy of Anadarko deal