MARKETS ALERT
A Top Occidental Petroleum Executive Out as Company Grapples With Oil Rout
A top Occidental Petroleum executive has been forced out of the company as it deals with the repercussions of an ill-timed acquisition, a precipitous decline in crude prices and hefty debt, according to people familiar with the matter.
Oscar Brown, a former Bank of America banker, was a key lieutenant of Chief Executive Vicki Hollub and played a substantial role in the company’s $38 billion deal to buy rival Anadarko Petroleum last year.