Occidental Petroleum and activist investor Carl Icahn reach a deal

Occidental Petroleum Corp. said Wednesday it has reached a deal with activist investor Carl Icahn and will add three new Icahn-designated directors to its board.

In a statement on Wednesday, officials at the Houston petroleum company (NYSE: OXY) said Andrew Langham, Nicholas Graziano and Margarita Paláu-Hernández will join the board and Spencer Abraham, Eugene Batchelder, Margaret Foran and Elisse Walter will retire from the board.

Icahn, chairman of Icahn Enterprises (NASDAQ: IEP) has pressured…

share:

more energy news

Send Us A Message