Western Chief defends Anadarko's contract to shareholders

Vicki Hollub, executive director of Occidental Petroleum Corp., defended its aggressive and ultimately successful pursuit against Anadarko Petroleum Corp. during his first public address to investors after the termination of the agreement of $ 38 billion.

One day after winning a battle for Anadarko that pitted the smaller Westerner against the giant Chevron Corp., Ms. Hollub spoke at the company's annual meeting in Houston and mistook those who had confused the "determination of 'Western with despair'. "We approached this agreement in a position of strength."

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