Proxy advisory firm Institutional Shareholder Services backs Carl Icahn’s call for more Occidental Petroleum shareholder say after Occidental’s takeover of Anadarko Petroleum.
Experts urge industry representatives to embrace Big Data and sharpen their messaging skills for the general public.
"None" of Icahn's nominees "possess skills, experience or expertise that are additive or superior to our existing directors," wrote Occidental CEO Vicki Hollub and Chairman Eugene Batchelder.
Activist investor Carl Icahn formally launched a proxy fight against Occidental Petroleum to win control of four board seats after talks with the oil company's CEO failed to reach an agreement.
Kimmeridge said the combination of its minerals business with Midland, Texas-based Desert Royalty will create the largest pure-play mineral and royalty company in the Delaware Basin by net royalty acres.
Covey Park co-CEO John Jacobi and Denham Managing Partner Jordan Marye joined the Comstock Resources board following the completion on July 16 of the roughly $2.2 billion acquisition.
Callon Petroleum, currently a Permian Basin pure-play, will gain core oil-weighted positions in both the Permian and Eagle Ford Shale through its combination with Carrizo Oil & Gas.
Occidental Petroleum added former managing director of BlackRock Advisors, Bob Shearer, to its board amid moves from famed activist investor Carl Icahn to launch a proxy fight.
Carl Icahn, one of the industry's most powerful activist investors, cast himself as one of the Anadarko deal's most fervent critics by charging that Occidental's bid was too expensive.