The price in down $6.36 to $20.50. It has not been this low since early 2004. Dividend cut might happen - currently over 9%.
6 replies (most recent on top)
Stock closed at $12.51.
Dividend yield is 25% - what a deal!
Oxy 4.4% bonds due in 2049 collapse to 63 cents on the dollar. Excellent.
Do y'all think Icahn will get the support he needs to remove Vicki from CEO now that this is happening?
I would rather say screw you to Putin and OPEC. The rest of the US economy will do fine, but us in the oil industry are in for some pain.
Oxy just dropped below $17, down over 37%. Thank you Vicki.