Occidental CEO: Anadarko Bid Is Same One Made in January 2018

The transcript discusses the strategic interest in acquiring Anadarko, emphasizing the synergies and value creation potential. It details the offer made, market reactions, and the financial strategy, including debt management and asset sales. The discussion also covers strategic goals, future plans, and the competitive landscape, highlighting the company's strengths and potential risks in the acquisition process.

What is the primary reason for the company's interest in acquiring Anadarko?

• To increase company size

• To enhance dividend and production growth strategy

• To diversify into new markets

• To eliminate competition

What advantage does the company claim to have in the Permian basin?

• Higher oil prices

• More efficient drilling techniques

• Larger workforce

• Better subsurface modeling and completion design

How does the company plan to manage the increased debt from the acquisition?

• By increasing oil prices

• By cutting operational costs

• Through asset divestitures

• By issuing more stock

What is the company's strategy regarding oil prices in relation to the deal?

• They expect oil prices to rise significantly

• They have no strategy related to oil prices

• They plan for success within a $40 to $50 range

• They rely on high oil prices for success

What is the company's stance on the potential risks of competing with Chevron?

• They intend to merge with Chevron

• They believe competency and execution are more important than size

• They are concerned about losing market share

• They plan to avoid direct competition

What is the company's approach to potential corporate governance issues?

• They are ignoring them

• They are addressing them openly

• They are waiting for shareholder feedback

• They are planning to change management

What is the company's view on becoming a target for acquisition after the deal?

• They are actively seeking buyers

• They are indifferent as long as shareholder value is increased

• They are opposed to any acquisition

• They plan to merge with another company