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. […]
Occidental Petroleum Corporation (NYSE: OXY) has announced a major divestiture deal, agreeing to sell key assets in the Delaware Basin to Permian Resources (NYSE: PR) for approximately $818 million. This strategic move, part of Occidental’s broader $4.5 billion to $6 billion divestiture program, is aimed at reducing debt and optimizing its financial position ahead of […]
Occidental (NYSE: OXY), a global leader in the oil and gas sector, has made a sensational move in the energy industry by announcing its acquisition of Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners. The deal, valued at an astonishing $12 billion, includes the assumption […]