How a big deal backfired at Occidental Petroleum

Last year Vicki Hollub, the CEO of Houston-based Occidental Petroleum, pulled off one of the biggest coups in the history of big oil. But as the FT’s James Fontanella-Khan explains, just months later, thanks to a vast debt pile, a collapse in oil prices and the coronavirus, she was scrambling to save her job and her company.

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When will the corporate dealmaking boom end?

The past five years have seen over $20tn worth of M&A deals thanks to favourable market conditions, as well as resilience in the face of more recent risks.

Due Diligence's Arash Massoudi and James Fontanella-Khan discuss what might bring an end to this record boom in dealmaking.

Looming large in investors' minds is the potential for a recession - driven in part by the US-China trade war. Such fears were accentuated by the recent release of disappointing economic data from the US, the eurozone and the UK.

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