Occidental Petroleum completes $12bn acquisition of CrownRock

Occidental Petroleum completes $12bn acquisition of CrownRock

Occidental Petroleum Corporation has successfully completed its high-stakes acquisition of CrownRock, a prominent US-based oil and gas producer, in a landmark $12 billion deal. Announced in December 2023 and now finalised, this transaction represents a significant expansion of Occidental’s operations in the Midland Basin, one of the most prolific oil-producing regions in the United States. […]