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Michael Armand Hammer was born on September 8, 1955, in Los Angeles, California.He is the son of Glenna Sue (née Ervin) and Julian Armand Hammer, [2] has two siblings, sister Casey Hammer and half-sister Jan Ward, [3] and has two children, actor Armie Hammer and Viktor, a businessman and entrepreneur.
By the 1974 deal, 81% of the oil extracted by Occidental Petroleum was going to the Libyan government, with only 19% retained by Occidental Petroleum. At the time, Oxy was the second largest producer of oil in Libya, and Libya was the company's only major source of crude.
Occidental Petroleum was founded in Los Angeles, CA in 1920. [5] In 1957, Armand Hammer became the company's president and CEO after acquiring a controlling stake. [6] The 1960s marked a period of expansion as Occidental established operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom.
Stephen Chazen, who rose to the top of Occidental Petroleum during a lengthy career and after his retirement started and ran a Texas shale-oil producer, has died aged 76 after an illness. Chazen ...
Occidental Petroleum will partly finance the acquisition by selling off some of its assets. The company's priority will be getting its debt level down to $15 billion.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index ...
As of August 2016, he was reported to be worth over US$128 million, due to his stock holdings in Occidental Petroleum and other companies. [8] He was on the board of trustees of the Aquarium of the Pacific and Catalina Island Conservancy. [4] He was a Republican. [2] In 2019, Chazen was asked to rejoin Occidental as a board member. [9]
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