Browsing Tag
Vicki Hollub
10 posts
Berkshire Hathaway bets $9.7bn on OxyChem—why Occidental Petroleum is walking away from chemicals
Berkshire Hathaway is acquiring Occidental’s OxyChem for $9.7B. Learn how this divestment reshapes Occidental’s debt profile, upstream strategy, and shareholder returns.
October 2, 2025
Occidental announces $950m in Permian asset divestitures and $7.5bn in debt reduction since mid-2024
Occidental sells US $950 million in Permian assets, repays US $7.5 billion in debt, and focuses on core growth and carbon capture projects.
August 10, 2025
Occidental strengthens financial position with $4.5bn debt repayment and $1.2bn asset sales
Occidental (NYSE: OXY) has made significant strides in its financial restructuring strategy, reaching its near-term debt repayment target…
February 19, 2025
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,…
August 2, 2024
Occidental to divest Delaware Basin assets in $818m deal with Permian Resources
Occidental Petroleum Corporation (NYSE: OXY) has announced a major divestiture deal, agreeing to sell key assets in the…
July 29, 2024
Occidental makes $12bn move to acquire Permian Basin producer CrownRock
Occidental (NYSE: OXY), a global leader in the oil and gas sector, has made a sensational move in…
December 11, 2023
Occidental’s $1.1bn acquisition of Carbon Engineering: A step towards global carbon capture
Occidental (NYSE: OXY) recently confirmed the acquisition of all outstanding equity of Carbon Engineering Ltd. The definitive purchase…
August 16, 2023
Clean energy tech company NET Power merges with Rice Acquisition Corp. II
NET Power, a North Carolina-based clean energy technology company, and Rice Acquisition Corp. II, a publicly traded special…
June 11, 2023
Occidental acquisition of Anadarko : US oil and gas firms sign $57bn deal
Occidental acquisition of Anadarko : US-based Occidental Petroleum has entered into a $57 billion merger agreement to acquire…
May 12, 2019
ADNOC awards Abu Dhabi Onshore Block 3 rights to Occidental Petroleum
US oil and gas company Occidental Petroleum has been granted exploration rights to Abu Dhabi’s Onshore Block 3…
February 19, 2019