Occidental to add three of Icahn's associates to board
FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid
Get Alerts OXY Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: -5.7%
Join SI Premium – FREE
(Reuters) - Occidental Petroleum Corp (NYSE: OXY) said on Wednesday it would add to its board three of activist investor Carl Icahn's associates, ending a long and bitter fight that began after its ill-timed acquisition of rival Anadarko Petroleum.
Andrew Langham, Nicholas Graziano and Margarita Paláu-Hernández will join Occidental's board as independent directors, the company said.
"We believe Oxy is a good company with good assets," Icahn said in a statement.
The Wall Street Journal had first reported https://on.wsj.com/2wAUfmN that Occidental was nearing a truce with Icahn.
(Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft reveals Azure cloud sales in financial reporting shift
- Premarket movers: Dell, GitLab surge and MongoDB tumbles
- Varonis stock surges on report of Proofpoint acquisition talks
Create E-mail Alert Related Categories
General News, ReutersRelated Entities
Carl Icahn, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share