Activist investor Carl Icahn has increased his stake in Occidental Petroleum Cor...
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File Photo
Icahn, who held a roughly 2.5% stake in Occidental as of end-2019, has previously criticized its $38 billion deal for rival Anadarko Petroleum as a misplaced bet on oil prices rising, and has promised a proxy fight to win control of the company. The Houston-based company on Tuesday slashed its dividend and announced cost cutting measures to allay investor concerns over profitability, saying the cuts would help it finance expenses, with oil hovering near the $30-a-barrel range.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
North American oil companies slash spending to cope with $30/bbl crudeOccidental Petroleum Corp on Tuesday became the latest to join a growing list of...
Leer más »
The Coronavirus Puts the Class War Into Stark ReliefThe story COVID-19 tells about America is an ugly one. There is a class war, and the rich are winning. onesarahjones writes
Leer más »
Oil rises for second day amid hopes for output cut by U.S. producersOil prices climbed for a second day on Wednesday, lifted by hopes that U.S. prod...
Leer más »