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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.
Vicki Hollub was born in 1960 [1] [3] [7] in Birmingham, Alabama [8] and graduated in 1977 from McAdory High School. [9] She attended the University of Alabama, and in 1981 earned [9] a bachelor's degree (BS) in mineral engineering [4] with a concentration in fuels and mineral resources. [9]
In 1994, he started his career at Occidental Petroleum (OXY), a publicly-traded oil corporation then headquartered in Los Angeles, California and the fourth largest oil producer in the United States. [ 3 ] [ 4 ] [ 5 ] He was executive vice president-corporate development at Occidental Petroleum from 1994 to 1999, and as its executive vice ...
[8] [9] To fund the venture, the company sold assets in the Permian Basin and the Piceance Basin to Occidental Petroleum for $1.3 billion. [10] [11] In 2011, the company sold natural gas assets for $785 million, including a $600 million sale of assets in the Granite Wash to Linn Energy. [12] [13]
CNOOC Petroleum North America ULC, formerly known as Nexen, is a Canadian oil and gas company based in Calgary, Alberta.. Originally the Canadian subsidiary of US-based Occidental Petroleum (known as Canadian Occidental Petroleum or CanOxy), it became an independent company, Nexen, in 2000.
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.
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