July 2020, Vol. 247, No. 7
Features
Carbon Dioxide Pipelines Seen as Cost-Saving Measure in Troubled Times
By Richard Nemec, Contributing Editor It was difficult to find a silver lining in the outlook of Occidental Petroleum Corp.’s CEO Vicki Hollub and her senior executive colleagues in early May when they prepared for the Houston-based mid-major’s first-quarter 2020 earnings conference call. The oil and natural gas industry was watching the wheels fall off worldwide while an unprecedented global pandemic was savaging the U.S. economy. In this bleak context, Hollub wrestled with a debt-inflating $38 billion purchase of Anadarko Petroleum Corp. and eventually would report more than $2 billion of first-quarter losses for Oxy and draconian cutbacks in e
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