Oxy Struggles To Cope With The Impacts Of Its Acquisition Of Anadarko

Oxy Struggles To Cope With The Impacts Of Its Acquisition Of Anadarko

Vicki Hollub, president and chief executive officer of Occidental Petroleum Corp., speaks during the ... [+] 2019 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Monday, March 11, 2019. Photographer: F. Carter Smith/Bloomberg



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Hindsight is easy, but you have to believe that, if she could go back in time to April of 2019, Oxy CEO Vicki Hollub might take a pass on that $55 billion acquisition of Anadarko Petroleum. To be fair, no one could have foreseen the advent of the COVID-19 pandemic at the time Oxy stole Anadarko out of from under Chevron



CVX

at the end of their hugely expensive bidding war. But even at the time, most analysts