VH became CEO in April 2016. Take a look at OXY stock performance relative to Chevron since April 2016. Chevron performance has been significantly better. OXY should be on the sale block soon.
2 replies (most recent on top)
Well shareholders, how you this deal so far?
Share price is now $59 (was $68 on April 1....no fooling).
Company to take on $10 billion preferred stock liability paying 8%
Anadarko to pay Chevron $ 1 billion break-up fee
The following is a summary of the stock performance under the current OXY leadership which has been in-place since April 2016During this 3-year period (April 2016 - April 2019), OXY share price has DECREASED 1.5% whereas CHEVRON share price has INCREASED 32.5%. Also, during this period, OXY dividend payment has increased 4% whereas CHEVRON dividend has increased 11.2%. OXY has been essentially dead money. Anadarko shareholders would be poorly compensated by accepting OXY stock and management performance.
OXY Performance:
April 1, 2016: $68.20 /share; Quarterly Dividend: $0.75/share
April 3, 2017: $63.74/share (1-yr CAGR: -6.8 %); Quarterly Dividend: $0.76/share (1.33% increase)
April 2, 2018: $64.67/share (2-yr CAGR: -2.7 %); Quarterly Dividend: $0.77/share (1.32% increase)
April 1, 2019: $67.18/share (3-yr CAGR: -0.5 %); Quarterly Dividend: $0.78/share (1.30% increase)
During the 3-year period:
OXY share has price DECREASED from $68.20 to $67.18 (a decrease of 1.5 %).
The quarterly dividend has increased from $0.75 to $0.78 (an increase of 4%)
CHEVRON Performance:
April 1, 2016: $ 94.26/share; Quarterly Dividend: $1.07/share
April 3, 2017: $107.80/share (1-yr CAGR: +13.5 %); Quarterly Dividend:$1.08/share (0.93% increase)
April 2, 2018: $112.24/share (2-yr CAGR: + 8.7 %); Quarterly Dividend: $1.12/share (3.70% increase)
April 1, 2019: $124.94/share (3-yr CAGR: + 9.4 %); Quarterly Dividend: $1.19/share (6.25% increase)
During the 3-year period:
CHEVRON share has price INCREASED from $94.26 to $124.94 ( an INCREASE of 32.5%).
The quarterly dividend has increased from $1.07 to $1.19 (an increase of 11.2%)