Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron's 8:59am EDT [Reuters]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
Check Earnings Report
US:NYSE Investor Relations:
oxy.com/investors/pages/default.aspx
Company Research
Source: Reuters
Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron's - Reuters 1 Min Read (Reuters) - Occidental Petroleum Corp said on Monday that its latest bid to take over Anadarko Petroleum Corp was designed to make sure Anadarko’s board considers its offer superior to one from Chevron Corp . Occidental increased the cash component of its $38 billion bid to acquire Anadarko on Sunday, removing a requirement for any deal to receive the approval of Occidental’s shareholders. Skipping the shareholder vote will allow for “clarity of closing,” which Occidental Chief Executive Vicki Hollub said was why Anadarko board members think Chevron’s $33 billion offer was superior to Occidental’s $38 billion bid - it would not require a Chevron shareholder vote. Occidental did not want to skip the shareholder vote for a merger, but Hollub said it was in the best interest of shareholders to get a deal done without raising the overall price. Reporting by Jennifer Hiller; E
Show less
Read more
Impact Snapshot
Event Time:
OXY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OXY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OXY alerts
High impacting Occidental Petroleum Corporation news events
Weekly update
A roundup of the hottest topics
OXY
News
- Why the Market Dipped But Occidental Petroleum (OXY) Gained Today [Yahoo! Finance]Yahoo! Finance
- Is Most-Watched Stock Occidental Petroleum Corporation (OXY) Worth Betting on Now? [Yahoo! Finance]Yahoo! Finance
- Calculating The Fair Value Of Occidental Petroleum Corporation (NYSE:OXY) [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (OXY) Stock Moves -0.36%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum Co. (NYSE: OXY) had its price target raised by analysts at Wells Fargo & Company from $62.00 to $70.00. They now have an "equal weight" rating on the stock.MarketBeat
OXY
Earnings
- 2/14/24 - In-Line
OXY
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/10/24 - Form 8-K
- 3/21/24 - Form 4
- OXY's page on the SEC website