--- title: Another Billionaire and French Total Enter the Oxy Arena description: Another Billionaire and French Total Enter the Oxy Arena image: https://www.allyenergy.com/hubfs/Imported_Blog_Media/billion-p2s2edk6f70ftf1cxdfo152bsp7bmilavmfqv9qyyw.jpeg --- - [BUILD WITH US](https://www.allyenergy.com/work-with-us) - [GALLERY](http://ally.photos) [![Company logo](https://www.allyenergy.com/hubfs/MJTW%20Assets/logos/ally-energy-logo-2.svg)](https://www.allyenergy.com/) - [ABOUT](https://www.allyenergy.com/about) - [INSIGHTS](https://www.allyenergy.com/resources) - OUR BUILDS - [Houston Energy & Climate Week](http://www.climateweekhouston.com) - [Energy Workforce of the Future](https://www.energyworkforceofthefuture.com/) - [The GRIT Awards & Best Energy Workplaces](https://www.allyenergy.com/2025-grit-awards-best-energy-workplaces-finalists) - [Energy Capital Markets Day on Wall Street](https://www.allyenergy.com/ally-tcs-worley-new-york-marathon-team) - [THE BEE SUITE™](http://www.thebeesuite.com) - [THE ASK](https://www.allyenergy.com/the-ask) - [PRESS](https://www.allyenergy.com/about/press) [Call +1 281-741-5482](tel:+12817415482) - [ABOUT](https://www.allyenergy.com/about) - [INSIGHTS](https://www.allyenergy.com/resources) - OUR BUILDS - [Houston Energy & Climate Week](http://www.climateweekhouston.com) - [Energy Workforce of the Future](https://www.energyworkforceofthefuture.com/) - [The GRIT Awards & Best Energy Workplaces](https://www.allyenergy.com/2025-grit-awards-best-energy-workplaces-finalists) - [Energy Capital Markets Day on Wall Street](https://www.allyenergy.com/ally-tcs-worley-new-york-marathon-team) - [THE BEE SUITE™](http://www.thebeesuite.com) - [THE ASK](https://www.allyenergy.com/the-ask) - [PRESS](https://www.allyenergy.com/about/press) - [BUILD WITH US](https://www.allyenergy.com/work-with-us) - [GALLERY](http://ally.photos) [ALLY](https://www.allyenergy.com/blog) - [Career Search](https://www.allyenergy.com/blog/tag/career-search) - [Change & Resilience](https://www.allyenergy.com/blog/tag/change-resilience) - [Climate & Sustainability](https://www.allyenergy.com/blog/tag/climate-sustainability) - [Creativity & Originality Initiative](https://www.allyenergy.com/blog/tag/creativity-originality-initiative) - More - [Critical Thinking & Analysis](https://www.allyenergy.com/blog/tag/critical-thinking-analysis) - [Digital](https://www.allyenergy.com/blog/tag/digital) - [Diversity, Equity & Inclusion](https://www.allyenergy.com/blog/tag/diversity-equity-inclusion) - [Emotional Intelligence](https://www.allyenergy.com/blog/tag/emotional-intelligence) - [Energy Insights](https://www.allyenergy.com/blog/tag/energy-insights) - [Entrepreneurship Intrapreneurship](https://www.allyenergy.com/blog/tag/entrepreneurship-intrapreneurship) - [Explore ESG](https://www.allyenergy.com/blog/tag/explore-esg) - [Female Execs of Climate Tech](https://www.allyenergy.com/blog/tag/female-execs-of-climate-tech) - [Financial Skills](https://www.allyenergy.com/blog/tag/financial-skills) - [GRIT](https://www.allyenergy.com/blog/tag/grit) - [Giving Back](https://www.allyenergy.com/blog/tag/giving-back) - [Grit Awards](https://www.allyenergy.com/blog/tag/grit-awards) - [Growth change challenge leadership](https://www.allyenergy.com/blog/tag/growth-change-challenge-leadership) - [Inspiration](https://www.allyenergy.com/blog/tag/inspiration) - [Leadership](https://www.allyenergy.com/blog/tag/leadership) - [Marathon](https://www.allyenergy.com/blog/tag/marathon) - [Member Insights](https://www.allyenergy.com/blog/tag/member-insights) - [Negotiation](https://www.allyenergy.com/blog/tag/negotiation) - [Parenting & Family](https://www.allyenergy.com/blog/tag/parenting-family) - [Problem Solving & Ideation](https://www.allyenergy.com/blog/tag/problem-solving-ideation) - [Race in the Workplace](https://www.allyenergy.com/blog/tag/race-in-the-workplace) - [Recognition](https://www.allyenergy.com/blog/tag/recognition) - [Relationships, Conflict, Power and Office Politics](https://www.allyenergy.com/blog/tag/relationships-conflict-power-and-office-politics) - [Running](https://www.allyenergy.com/blog/tag/running) - [Social Influence](https://www.allyenergy.com/blog/tag/social-influence) - [Storytelling & Personal Branding](https://www.allyenergy.com/blog/tag/storytelling-personal-branding) - [The Voices Of Energy](https://www.allyenergy.com/blog/tag/the-voices-of-energy) - [Uncategorized](https://www.allyenergy.com/blog/tag/uncategorized) - [Wellbeing & Self Care](https://www.allyenergy.com/blog/tag/wellbeing-self-care) - [Workforce Development](https://www.allyenergy.com/blog/tag/workforce-development) Subscribe Select blog topic Career Search Change & Resilience Climate & Sustainability Creativity & Originality Initiative Critical Thinking & Analysis Digital Diversity, Equity & Inclusion Emotional Intelligence Energy Insights Entrepreneurship Intrapreneurship Explore ESG Female Execs of Climate Tech Financial Skills GRIT Giving Back Grit Awards Growth change challenge leadership Inspiration Leadership Marathon Member Insights Negotiation Parenting & Family Problem Solving & Ideation Race in the Workplace Recognition Relationships, Conflict, Power and Office Politics Running Social Influence Storytelling & Personal Branding The Voices Of Energy Uncategorized Wellbeing & Self Care Workforce Development # Another Billionaire and French Total Enter the Oxy Arena Written by: [Katie Mehnert](https://www.allyenergy.com/blog/author/katie-mehnert) - [Share](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.allyenergy.com%2Fblog%2Fanother-billionaire-and-french-total-enter-the-oxy-area-for-anadarko) - [Share](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.allyenergy.com%2Fblog%2Fanother-billionaire-and-french-total-enter-the-oxy-area-for-anadarko&title=Another%20Billionaire%20and%20French%20Total%20Enter%20the%20Oxy%20Arena&summary=Another+Billionaire+and+French+Total+Enter+the+Oxy+Arena&source=) - [Tweet](https://twitter.com/home?status=Another+Billionaire+and+French+Total+Enter+the+Oxy+Arena%20https%3A%2F%2Fwww.allyenergy.com%2Fblog%2Fanother-billionaire-and-french-total-enter-the-oxy-area-for-anadarko) - [Watch](https://vimeo.com/allyenergy) ![](https://www.allyenergy.com/hubfs/Imported_Blog_Media/billion-p2s2edk6f70ftf1cxdfo152bsp7bmilavmfqv9qyyw.jpeg) ### *Another day, another billionaire investor joins the party for the precious Permian*. Sources at CNBC are saying that activist investor Carl Icahn has taken a small stake in Oxy. Shares of Occidental jumped 2% in extended trading Friday, immediately following the news and over the weekend, many sources reported a $8.8B deal to sell off international assets to Total. Oxy had previously said it planned to divest $10 billion to $15 billion in assets as a part of its consolidation plan following a successful acquisition of Anadarko, so this agreement would satisfy a large portion of that divestment. Oxy also upped [its cash deal to 80%.](https://www.chron.com/business/energy/article/Oxy-makes-new-Anadarko-offer-for-nearly-80-in-13821133.php) These moves signal its willing to [pull out all of the stops, says David Blackmon, in Forbes.](https://www.forbes.com/sites/davidblackmon/2019/05/06/oxy-is-pulling-out-all-the-stops-for-anadarko/#45e10bb7bc46) It's still unknown what Icahn's role will be or stake, but this comes as news earlier this week that Warren Buffett [invested $10 billion](https://www.cnbc.com/2019/04/30/buffetts-berkshire-hathaway-to-invest-10-billion-in-occidental-petroleum-for-anadarko-takeover.html) in Houston-based Occidental in an effort to help the takeover bid. CNBC [reported earlier Friday](https://www.cnbc.com/2019/05/03/warren-buffett-was-willing-to-invest-20-billion-in-occidental-bid-for-anadarko-sources.html)that Buffett was willing to invest as much as $20 billion. Motley Fool's Matthew DiLallo says the deal is [no good](https://finance.yahoo.com/news/warren-buffett-bold-oil-deal-160400683.html) citing the 'excessive' premium Vicki Hollub and her team are willing to put up for Anadarko. ### Has the Oxy jet been spotted over San Francisco yet? We're still waiting for Silicon Valley to jump in on this deal. This week will sure be one to watch. ## Related Posts [![It’s Time To Do More Than Just Talk About The Energy Industry Gender Gap](https://www.allyenergy.com/hubfs/Imported_Blog_Media/HBJ_logo-p2s1x1fcd7a1oc7y5vne1ik9cunlnhrj5t9c7jgdqg.jpeg) Energy Insights, Diversity, Equity & Inclusion It’s Time To Do More Than Just Talk About The Energy Industry Gender Gap Katie Mehnert](https://www.allyenergy.com/blog/its-time-to-do-more-than-just-talk-about-the-energy-industry-gender-gap) [![Tone at the Top: Race in the Workplace](https://www.allyenergy.com/hubfs/Tone%20at%20the%20Top.jpg) Race in the Workplace, The Voices Of Energy Tone at the Top: Race in the Workplace ![](https://www.allyenergy.com/hubfs/Blog%20Authors/ally_one.jpeg) ALLY](https://www.allyenergy.com/blog/tone-at-the-top-race-in-the-workplace) [![The Pandemic’s Long-Term Impact on the Energy Transition](https://www.allyenergy.com/hubfs/Imported_Blog_Media/wind_pandemic-p2s3sbpfl9dyrghg9goz11b46t0hnhvteuflxloubs.jpeg) Change & Resilience, Climate & Sustainability The Pandemic’s Long-Term Impact on the Energy Transition Josh Levs](https://www.allyenergy.com/blog/the-pandemics-long-term-impact-on-the-energy-transition) ### Subscribe Here! [![ALLY Energy](https://www.allyenergy.com/hubfs/MJTW%20Assets/logos/ally-energy-logo-on-dark.svg)](https://www.allyenergy.com/) Unleashing the next generation of builders and difference makers. 801 Travis Street, Ste 2101 PMB 1589 Houston, Texas 77002 [+1 281-741-5482](tel:+12817415482) - [About](https://www.allyenergy.com/about) - [Our Press](https://www.allyenergy.com/about/press) - [Our Philanthropy](http://www.alliesinenergy.org) ©2026 ALLY Energy. All rights reserved. - [Help](https://www.allyenergy.com/help) - [Privacy Policy](https://www.allyenergy.com/privacy-policy) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Katie Mehnert", "url" : "https://www.allyenergy.com/blog/author/katie-mehnert" }, "dateModified" : "2021-10-10T03:59:16.258Z", "datePublished" : "2019-05-05T05:00:00.000Z", "headline" : "Another Billionaire and French Total Enter the Oxy Arena", "image" : [ "https://www.allyenergy.com/hubfs/Imported_Blog_Media/billion-p2s2edk6f70ftf1cxdfo152bsp7bmilavmfqv9qyyw.jpeg" ], "mainEntityOfPage" : { "@id" : "https://www.allyenergy.com/blog/another-billionaire-and-french-total-enter-the-oxy-area-for-anadarko", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.allyenergy.com/hubfs/MJTW%20Assets/logos/ally-energy-logo-2.svg" }, "name" : "ALLY Energy " } } ```