haben ja auch noch ne chance dabei mitzuspielen, beobachte den Gazprom Kurs parallel und der steigt auch moderat heute, eigentlich sind sowieso meiner Ansicht nach die Russen am Zug, bevor die Saudis reagieren sollten, wie seht Ihr das?......
However, amid the chaos created by the Covid-19 pandemic and energy market turmoil, Occidental management has agreed to reach a truce with the guru. The agreements reached on March 25 between the two parties include the following:
- Andrew Langham and Nicholas Graziano, appointed by Carl Icahn (Trades, Portfolio), will receive board seats. - The company will create a new board oversight committee that must be informed of any offers to acquire the company or its assets. Icahn-appointed directors will receive seats in this committee as well. - Former CEO Stephen Chazen will be brought in as the new chairman of the company. - Salaries of Occidental's U.S. employees will be cut by 30%. - The 2020 capital budget will be cut by approximately $800 million in addition to the already announced $1.7 billion in reductions. -CEO Vicki Hollub’s salary will be slashed by 81% and top executives will receive pay cuts that average 68%. - Employee bonuses and perks, including gym memberships, will be discontinued from April.
Earlier in March, Occidental decided to cut the quarterly dividend by 86% as well.
Weder die Russen noch die Saudis können sich einen niedrigen Ölpreis leisten. Dabei ist völlig unerheblich das beide die geringsten Förderkosten haben. Entscheidender ist das deren Staatshaushalt im wesentlichen durch Einnahmen aus dem Ölgeschäft finanziert wird. Hier sind sie in einer wesentlich schlechteren Position als US. Corona sollte das noch verstärken.
fertigerfertiger
: Wenn der Ölpreis weiter sinkt...was zu befürchten
ist, wird es jetzt auch für OXY wesentlich schwerer den Preisverfall zu stoppen. ICahn kann noch ein wenig Pulver nachschießen und dann ist schicht im Schacht! Wie gesagt, ob diese Giftpille nicht nach hinten los geht...
könnte öl als erstes durchstarten, da am meisten bis jetzt gelitten...... das recht doch schon als Investitionsgrund, bzw. sollte die fokussierung darauf ausgerichtet sein........
Occidental Petroleum Corporation announced a further reduction in 2020 capital spending to between $2.7 billion and $2.9 billion from its original 2020 guidance of $5.2 billion to $5.4 billion, a midpoint reduction of 47 percent. At current commodity prices, 2020 annual production from continuing operations is expected to be 1,275,000 to 1,305,000 BOEPD, a reduction of 6 percent compared to prior guidance of 1,360,000 to 1,390,000 BOEPD.
The Company also announced it will reduce 2020 operating and corporate costs by at least $600 million compared to the original 2020 plan, including significant salary reductions for executive leadership. These cost reductions are in addition to previously announced operating and overhead synergies of $1.1 billion that are expected to be fully realized in 2020. The combination of synergy realizations and additional cost reductions is expected to reduce SG&A, Other Operating Expense, and Exploration Overhead to approximately $500 million on a future quarterly run-rate basis. Operating cost reductions are expected to lower 2020 domestic operating costs to approximately $7.00 per BOE.
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