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Occidental Petroleum Is Seeing Green Under CEO Vicki Hollub - Barron's

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Occidental Petroleum Is Seeing Green Under CEO Vicki Hollub | Barron's

Occidental Petroleum Is Seeing Green Under CEO Vicki Hollub

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Vicki Hollub Michael Ostuni/Patrick McMullan/Getty Images

Vicki Hollub’s first years as CEO of Occidental Petroleum were marked by a controversial megadeal. In 2019, she closed on the purchase of Anadarko and its choice West Texas shale deposits, beating out Chevron But critics said she overpaid, including Carl Icahn who launched an activist campaign. Then, Covid briefly crashed the oil market.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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