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Continental Chief Hamm Must Pay $972 Million in Divorce

Corrected

Oklahoma billionaire Harold Hamm was ordered to pay $972 million of a $16.1 billion oil industry fortune to his wife, while keeping the bulk of his 68 percent stake in Continental Resources Inc. following a contentious divorce trial.

The decision was largely a victory for Hamm, who was allowed to retain control of the company in part because witnesses identified him as the driving force behind Continental, with one calling him the “captain of the ship.” Hamm, the company’s chairman, also was ordered to pay much less than what could have been awarded to his wife.