Viewsroom: Oil M&A fight may end with no winner
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 9 May 2019
⏱️ 15 minutes
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| 0:00.0 | Olivia Culpo here to tell you all about the launch of the new Abercrombie spring denim collection, |
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| 0:31.3 | This Breaking Views podcast is sponsored by Refnative. |
| 0:37.3 | The views expressed on this podcast are those of the participants, not of Rojordes News. |
| 0:41.9 | Welcome to the Views Room, a weekly podcast from Breaking Views. I'm Jennifer Sabah. On the deck |
| 0:47.2 | for this week, a three-way tussle for big oil and Malaysia's efforts at reforms. First, we're going |
| 0:52.8 | to turn to Occidental Petroleum's $38 billion lurch for oil rival Anadarko, and the Lynx chief executive Vicky Hollab is going to in order to seal this deal and keep it out of the hands of Chevron. In fact, since we recorded this, Chevron has dropped out of the bid. So joining me in the studio is U.S US editor John Foley. Hello, John. Hi, Jen. |
| 1:12.2 | Okay, I just have to admit this actual deal kind of puts me to sleep in terms of like oil |
| 1:17.4 | company buying another oil company and then a third oil company coming in. But aren't you from Texas? |
| 1:22.6 | I am from Texas. But what has caught my attention about this is the cast of characters involved in this whole |
| 1:28.5 | tussle including the chief executive of Occidentals who seems like I've never seen a woman CEO |
| 1:39.0 | in oil company yeah in the oil sector totally right But this is a particularly interesting one because, yeah, |
| 1:45.1 | let's start with Vicky Hollow, who runs Occidental Petroleum. It's a shale driller in Texas, |
| 1:50.1 | but it's one of the only companies I can think of in the space with a woman in charge. And oil and gas is |
| 1:54.3 | really poor. It's one of the worst industries, right? It's like under a quarter of employees in the |
| 1:59.4 | oil and gas sector globally are |
| 2:00.9 | women. And the number of CEOs is basically zero. I was looking across some of the other big |
| 2:05.5 | oil, US oil companies this morning. And when you look at their top executives, some of them |
| 2:10.7 | have literally no women named as their top executives. Others like Conoco, Chevron itself, you'll see a couple of women in those kind of, |
| 2:20.5 | you know, velvet ghetto jobs like HR. |
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