Watched Vicki’s interview. Few highlights:

As noted, $10.8B net of debt deal. “Best assets we’ve ever had”, 80% of OXY production is now in U.S., we now have “incredible inventory”, deal is “Highly accretive to FCF”, focus on reducing debt will continue, share buybacks will still be a priority, deal provides even more scale in Permian Basin, she said OXY will be able to step up dividend by 22% in April and can sustainably grow the dividend. Goal to lower the residual “Anadarko debt” down to $15B. They plan to Divest out of their lower quality assets they own, she said timing is perfect for them to grow scale now, BRK is NOT involved in financing This particular deal, they are betting on their very best assets & will max. shareholder return, she emphasized their great team combined with Crown Rock’s great team and assets. No layoffs are planned but will use people wisely. They feel WTI will average around $80, price is less today based on supply as US is producing 13.2M barrels/day and has been loosened rest. on Venezuela & Iran supply. $40 is OXY’s break even, cautions OPEC with over supply potential. She confirmed OXY jet WAS in Omaha and she did indeed meet with WEB who must have weighed in on the topic and decision. Overall, she sounded confident and excited about the deal long-term.

I don’t follow this space too well but if WEB gives it his stamp of approval, it suits me and Vicki seems to be doing well.