INSIGHT-The real price of Occidental's 'costless' oil hedge
January 13, 2020 at 02:00 AM EST
In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterised the transaction as "costless" but a Reuters review of regulatory filings, market data and interviews shows that's not the whole story.