M&A Oil

How a big deal backfired at Occidental Petroleum

Last year Vicki Hollub, the CEO of Houston-based Occidental Petroleum, pulled off one of the biggest coups in the history of big oil. But as the FT’s James Fontanella-Khan explains, just months later, thanks to a vast debt pile, a collapse in oil prices and the coronavirus, she was scrambling to save her job and her company.

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