Continental CEO Harold Hamm has been ordered to pay $995 million to his ex-wife in one of the largest divorce settlements in U.S. history.
The award could make Sue Ann Hamm, 58, one of the 100 wealthiest women in the United States.
However, the settlement was a great deal smaller than the nearly $17 billion worth of assets she initially sought.
The new settlement is in addition to about $25 million Sue Anne won in 2012.
The judge ordered Harold Hamm, 68, to pay his ex-wife $322.7 million by the end of the year.
The remaining $650 million will be paid out in monthly installments of at least $7 million, Reuters said.
Sue Anne also won the couple’s $17.5 million ranch in Carmel, California and a $4.7 million home in Oklahoma City.
Harold Hamm will be able to hold onto his 68 percent stake in Oklahoma-based Continental currently worth about $13.9 billion, down from about $18 billion when the trial started.
“As Continental has stated on numerous previous occasions, this private matter has not, and will not have any impact or effect on the Company’s business or operations,” the company said.
The ruling followed an over two month long divorce trial that ended in October.
Harold and Sue Anne were married in 1988 and did not sign a prenuptial agreement.
Sue Anne served as a Continental executive for several years during the couple’s marriage.
The decision is still subject to appeal.
Sue Ann Hamm’s lawyers said they are currently evaluating their options.