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Marathon Petroleum Retains Midstream Unit, Names MPLX Head As CEO

2020-03-18 22:00:00| OGI

Marathon Petroleum said the separation of midstream unit MPLX would be cash-flow negative and require between about $11 billion and $15 billion that would otherwise go toward shareholder returns.

Tags: head names unit ceo

 

Carl Icahn Reportedly Boosts Occidental Petroleum Stake To Nearly 10%

2020-03-12 13:40:00| OGI

Carl Icahn, who held a roughly 2.5% stake in Occidental as of end-2019, has previously criticized its $38 billion deal for rival Anadarko Petroleum as a misplaced bet on oil prices rising.

Tags: carl petroleum stake reportedly

 
 

Occidental Petroleum To Slash Dividend, Spending As Oil Prices Crash

2020-03-10 18:00:44| OGI

Occidental said it would slash its quarterly dividend to 11 cents per share from 79 cents.

Tags: prices oil spending crash

 

Former Anadarko Petroleum CEO Al Walker Joins ConocoPhillips Board

2020-03-06 19:00:00| OGI

Walker joins the ConocoPhillips board nearly a year after Anadarko Petroleum agreed to be acquired by Chevron, setting off a multibillion-dollar takeover battle.

Tags: board ceo walker petroleum

 

Marketed: Cove Petroleum Portfolio Across Major Oil Producing States

2020-03-04 22:30:00| OGI

Energy Advisors Group has been retained by Cove Petroleum to assist in marketing its entire portfolio of working interests plus royalty and overriding royalty interests in 422 wells, mainly in Texas and Oklahoma.

Tags: states major oil portfolio

 

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