Occidental’s New CEO on Its No-Layoff Pledge - News Summed Up

Occidental’s New CEO on Its No-Layoff Pledge


Occidental, the third-largest U.S. energy company, with a market capitalization of roughly $58 billion, has fared better than most, losing only 25% of its stock value over the past two years as... The first woman chief executive of a major American energy explorer, Vicki Hollub has taken over Occidental Petroleum Corp. as the worst oil bust in a generation ravages the industry, resulting in more than 350,000 lost energy jobs world-wide.


Source: Wall Street Journal July 05, 2016 16:38 UTC



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