Occidental Petroleum Stock News

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P.

Occidental Petroleum said on Thursday that Colombian firm Ecopetrol has informed the U.S. oil producer that it has decided to not acquire a stake in the CrownRock assets.

One of Warren Buffett's favorite holdings, Occidental Petroleum (NYSE: OXY), just exhibited a “Death Cross” pattern on its stock chart following a period of significant volatility, potentially foreshadowing a further decline in price.

Occidental Petroleum has agreed to sell some assets. The company will use the proceeds to repay debt ahead of its CrownRock acquisition.

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Occidental Petroleum Corp. OXY said Monday it has agreed to sell Delaware Basin assets in Texas and New Mexico to Permian Resources Corp. PR for about $818 million, and said it has separately completed other asset sales totaling about $152 million. Houston-based Occidental said the $970 million of proceeds would be used to reduce debt, part of a previously announced $4.5 billion to $6.0 billion...

U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million.

HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced it has agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources (NYSE: PR) for approximately $818 million and separately completed several dispositions totaling approximately $152 million in 2024. Sales proceeds from each of these transactions will go toward reducing debt.