Occidental Petroleum Corp announced on Monday an agreement to acquire privately held energy producer CrownRock LP, which operates in the Permian Basin, in a cash-and-stock transaction valued at about
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024.
CNBC's Becky Quick reports on the latest news.
The acquisition will add 170,000 barrels of oil per day to Occidental's daily production.
Occidental Petroleum Corp.'s OXY, +0.12% was down 1.5% in premarket trading on Monday after the oil company said it would pay $12 billion for privately held Permian Basin oil and gas producer CrownRoc
Occidental Petroleum said on Monday it would buy Permian basin-based energy producer CrownRock in a cash-and-stock deal valued at $12 billion.
Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion.
Helmerich & Payne is one of the best oil rig businesses out there and is trading for a deep discount. Brookfield Renewable should deliver strong growth despite battling interest rate headwinds.
The Buffett-led conglomerate has deep pockets with over $150 billion in cash. But Occidental may want to reconsider.
Occidental Petroleum is in talks to acquire CrownRock. A merger would boost its already sizeable position in the Permian Basin.
Occidental Petroleum Corporation's Anadarko acquisition faced challenges due to the pandemic, but the benefits were not completely canceled. The pandemic highlighted the risk of deleveraging after a l
Occidental Petroleum Corporation (NYSE:OXY) is reportedly in talks to buy CrownRock, a Texas shale firm, with a deal said to be worth $10 billion. It a deal goes through, as reported by the Wall Stree
Occidental is in talks to buy closely held CrownRock, an operator in the West Texas Permian Basin, according to The Wall Street Journal.
Occidental Petroleum Corp. OXY, +0.45% is in negotiations to buy Texas energy producer CrownRock in a deal that could be valued at more than $10 billion, the Wall Street Journal reported late Wednesda
Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, the Wall Street Journal reported on Wednesday.
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