Reuters took readers on a deep dive into how, 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 characterized the transaction as "costless" but a Reuters review of regulatory filings, market data and interviews showed that’s not the whole story.
Reuters details the real price of Occidental’s ‘costless’ oil hedge
17 January 2020, 12:00 am 1 minute
Type: Reuters Best
Sectors: Commodities & Energy
Win Types: Storytelling
Story Types: Human Interest / Feature