---
title: Another Billionaire and French Total Enter the Oxy Arena
description: Another Billionaire and French Total Enter the Oxy Arena
---

[ALLY](https://www.allyenergy.com/blog)

# [Another Billionaire and French Total Enter the Oxy Arena](https://www.allyenergy.com/blog/another-billionaire-and-french-total-enter-the-oxy-area-for-anadarko)

 Written by [Katie Mehnert](https://www.allyenergy.com/blog/author/katie-mehnert) | May 5, 2019 5:00:00 AM

### *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.

[View full post](https://www.allyenergy.com/blog/another-billionaire-and-french-total-enter-the-oxy-area-for-anadarko)

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