How Occidental Petroleum beat an oil giant in a high stakes acquisition
Podcast: The Closer: Deals Change the WorldPublished On: Mon Nov 13 2023
Description: Back in 2019, an unlikely deal took Wall Street and the oil industry by surprise. Occidental Petroleum, commonly called Oxy, acquired Anadarko for $38 billion, beating out oil supermajor Chevron. But before the company triumphed, CEO Vicki Hollub chased Anadarko for nearly two years in pursuit of further expanding Oxy’s footprint in the Permian Basin. Hear how Hollub stunned the oil world and closed the deal in the eleventh hour. Featuring Jordan Blum, Editorial Director for Hart Energy. For more from The Closer and to subscribe to our newsletter, visit www.thecloser.fm. The Closer is a Project Brazen production. Subscribe to Brazen+ on Apple Podcasts or at brazen.fm/plus and get exclusive bonus episodes for The Closer and all our shows, as well as ad-free listening and early access to new podcasts. For more fearless storytelling visit brazen.fm, home to all our podcasts, documentaries and newsletters. At Brazen, we show you how the world really works – from espionage and corruption to deal-making and organised crime, we’ll take you inside stories from hidden worlds. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://brazen.fm/plus/
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