US oil companies Exxon Mobil Corp., Chevron Corp. and Occidental Petroleum Corp. will join an oil industry climate-change group led by their European rivals, after refusing to do so for years.
Steve Chazen didn’t miss the drudgery of quarterly earnings calls after he retired as chief executive of Houston’s Occidental Petroleum Corp. in 2016. But he found he missed the one-on-one talks with investors, who, unlike most people in the oil business, weren’t afraid to tell executives when they thought their ideas were stupid.
Steve Chazen, who made Occidental Petroleum Corp. a heavyweight of the shale boom, is looking to replicate that success in south Texas with a $2.66 billion deal.
