Occidental Petroleum, Carl Icahn reach deal over board directors, other changes

Houston-based Occidental Petroleum Corp. (NYSE: OXY) and billionaire activist investor Carl Icahn have reached an agreement ending a nearly year-long conflict.

The deal adds three Icahn-designated directors to Occidental’s board, according to a March 25 press release. Andrew Langham, Nicholas Graziano and Margarita Paláu-Hernández have been appointed to those seats effective immediately for terms expiring at the 2020 annual stockholders meeting. Occidental has agreed to include them on its slate…

share:

more energy news

Send Us A Message