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Occidental Petroleum Reaches Truce With Activist Investor Carl Icahn

wsj.com

In bid to turn around, the company is changing its board, cutting salaries and slashing capital budget Occidental Petroleum Corp., the largest oil producer in the giant Permian Basin, has ceded to activist investor Carl Icahn’s demands and announced deep spending cuts in a bid to survive the steepest crude-price plunge in decades...

Mentions: Anadarko Icahn Occidental