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Have Occidental's Executives Called a Cease-Fire?

Could this calm among Occidental's top brass finally lift shares?

By Tyler Crowe and Aimee Duffy – May 10, 2013 at 12:25PM EST

In the following video, Fool.com energy contributors Tyler Crowe and Aimee Duffy discuss a recent cease-fire within Occidental Petroleum (OXY +0.95%) between the company's chairman of the board and former CEO Ray Irani, and the current CEO Steve Chazen. While Irani was rumored to have been looking to replace Chazen, support for Chazen from shareholders has resulted in the company announcing that he will remain CEO until at least the end of 2014. What could this mean for Occidental's share price, which has lagged the market for the past couple years? Tyler tells investors how this development will affect the company, and what to look for as Occidental moves into the future.

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About the Author

Tyler Crowe
Tyler Crowe is a contributing Stock Market Analyst for The Motley Fool. He has worn several hats over the past 14 years with the Fool from analyzing stocks, writing about them, talking about them, coaching others about stock writing, and...you get the idea. Tyler's true passion is turing over stones to find the oddball investments with incredible wealth building potential. If he isn't nose-deep in a proxy statement, Tyler is probably skiing somewhere. Tyler holds an M.B.A. from Collège des Ingénieurs (Paris), a, M.S. in Environmental Engineering, a B.S. in Civil Engineering, and a B.S. in Foreign Affairs from the University of New Hampshire.
TMFTylerMCrowe

Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Kinder Morgan and Magellan Midstream Partners, L.P. The Motley Fool owns shares of Kinder Morgan. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

Occidental Petroleum Stock Quote
Occidental Petroleum
NYSE: OXY
$61.85
(+0.98%)+$0.60
Phillips 66 Stock Quote
Phillips 66
NYSE: PSX
$181.29
(-1.54%)-$2.83
Marathon Petroleum Stock Quote
Marathon Petroleum
NYSE: MPC
$241.25
(-1.09%)-$2.66
ConocoPhillips Stock Quote
ConocoPhillips
NYSE: COP
$128.93
(-0.33%)-$0.42
Kinder Morgan Stock Quote
Kinder Morgan
NYSE: KMI
$33.98
(+0.15%)+$0.05

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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