Search results
Results from the WOW.Com Content Network
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.
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.
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]
For premium support please call: 800-290-4726 more ways to reach us
Bob Iaccino, co-founder at Path Trading Partners, ... Occidental Petroleum announced record net income for 2022 and a new $3 billion share repurchase authorization along with a 38% dividend hike.
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.
The ties between Buffett and Occidental Petroleum go back to April 2019, when Berkshire Hathaway backed Occidental's proposed bid for Anadarko Petroleum with a $10 billion commitment. The deal was ...
She was elected to the board of directors at Occidental Petroleum in December 2015. [10] She is the U.S. chair for the U.S.-Colombia Business Council. [4] She also is on the boards of Khalifa University for Science and Technology in Abu Dhabi and the American Petroleum Institute. [4] Hollub is a member of the Society of Petroleum Engineers (SPE ...