Occidental Petroleum's acquisition of Anadarko : the stock market misapproves of Hollub's transformational deal / Jaan Elias [et al.]

Format:

Book

Author/Creator:

Elias, Jaan, author.

Kabra, Piyush, author.

Thomas, Jacob, author.

Rouwenhorst, K. Geert, author.

Series:

SAGE Business cases.

SAGE Business cases

Language:

English

Subjects (All):

Occidental Petroleum Corporation--Case studies.

Occidental Petroleum Corporation.

Anadarko Petroleum Corporation--Case studies.

Anadarko Petroleum Corporation.

Consolidation and merger of corporations--Case studies.

Consolidation and merger of corporations.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : Yale School of Management, 2021.

Summary:

In May of 2019, Vicki Hollub, the CEO of Occidental Petroleum (Oxy), pulled off a blockbuster deal. Bidding against Chevron, one of the world's largest oil firms, she had managed to buy Anadarko, another oil company that was roughly the size of Oxy. Hollub believed that the combination of the two firms brought the possibility for billions of dollars in synergies, more than offsetting the cost of the acquisition. The deal would make Oxy the largest producer in what had become the world's richest oil field, the Permian Basin. However, shareholders disagreed and the price of Oxy dipped after the announcement of the deal and activist investors attempted to reign in management. The case invites students to consider the pros and cons of this acquisition and whether the purchase of Anadarko was a sound strategy for Oxy.

Notes:

Orginally Published InBias, J., Kabra, P., Thomas, J., & Rouwenhorst, K.G. (2021). Occidental Petroleum's Acquisition of Anadarko: The Stock Market Disapproves of Hollub's Transformational Deal. 20-034. New Haven, CT: Yale School of Management, Yale University.

Description based on XML content.

ISBN:

1-5297-9513-3

9781529795134

OCLC:

1289631403