Have Occidental's Executives Called a Cease-Fire?

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

NYSE: OXY

Occidental Petroleum

Market Cap

$60B

Today's Change

(-0.15%) -$0.10

Current Price

$67.78

Price as of April 26, 2024, 4:00 p.m. ET

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

In the following video, Fool.com energy contributors Tyler Crowe and Aimee Duffy discuss a recent cease-fire within Occidental Petroleum (OXY -0.15%) 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.

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. 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.