Wall Street Journal logo Wall Street Journal 1 month ago

Oxy No Moron for Buying Phibro

By Liam Denning Trading is in Occidental Petroleum's DNA. Full Article at Wall Street Journal

Related Topics:

  1. Phibro
  2. Citigroup
  3. Andrew Hall

Related Articles

  1. The Street logo
    Citigroup Talent Follows Money
    1 month ago

    Wall Street will always find a way, and Andrew Hall's transfer takes the heat off Citigroup, which exchanged government funding for the door to its dressing room. Full Article at The Street

  2. Business Week logo
    Pass the Buck: Citi Sells Phibro to Oxy
    1 month ago

    Occidental Petroleum's (OXY) $250 million purchase of Citigroup's (C) Phibro energy trading business drives home two points. One is that Oxy has been a canny acquirer in recent years. Full Article at Business Week

  3. PR-Inside.com logo
    Fitch: Phibro Acquisition May Create Additional Risk for OXY's Credit Quality
    1 month ago

    2009-10-09 19:43:01 - Andrew Hall, and will be housed in OXY's midstream segment. Full Article at PR-Inside.com

  4. The Street logo
    Citi Sells Energy Trading Unit
    1 month ago

    Occidental Pete said in its statement the worth of the deal was approximately net asset value, and estimated its total investment in Phibro would be $250 million. Full Article at The Street

Related Quotes

  1. I would pay any day just to talk to Andy Hall about oil markets
    SOURCE: Business Week 1 month ago
  2. This decision has nothing to do with creating value for shareholders and it has a lot to do with the government's perception of how a bank should run, and proprietary trading is not one of the things the government wants banks to be doing
    SOURCE: The Street 1 month ago
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  1. Phibro headquarters, in Westport, Conn. is seen Friday Oct. 9th. 2009. Citigroup is selling off their petroleum interests to Occidental Petroleum.
  2. Daniel Yergin, co-founder and chairman of Cambridge Energy Research Associates, responds to a question during the Reuters Energy Summit in Washington June 1, 2009.

Cast of Characters

  1. Phibro
  2. Citigroup Citigroup
  3. Andrew Hall
  4. Vikram Pandit Vikram Pandit
  5. Britney Spears Britney Spears
  6. New York Times Company New York Times Company