When was Occidental Petroleum founded and who took control in 1957?
Los Angeles, 1920 marked the birth of Occidental Petroleum. Armand Hammer took control in 1957 and steered the company through a decade of rapid growth.
Questions about Occidental Petroleum
Short answers, pulled from the story.
What major oil field did Occidental discover near Lathrop California in 1961?
In 1961 geologists discovered the Lathrop Gas Field near Lathrop California. This find provided early momentum for the firm's exploration efforts.
How much did Occidental pay to acquire Anadarko Petroleum in August 2019?
August 2019 saw the acquisition of Anadarko Petroleum for $57 billion. This deal ranked as the world's fourth largest oil and gas acquisition ever recorded.
Who became the first female CEO of Occidental Petroleum in May 2016?
May 2016 brought Vicki Hollub as the first female CEO of a major U.S. oil and gas company. She had worked at Occidental since 1981.
When did Occidental move its headquarters to Houston Texas?
September 2014 moved headquarters to Houston Texas. November 2014 involved selling a 50% interest in BridgeTex Pipeline Company for $1.075 billion.