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Feb. 15—The Occidental Petroleum Corp.'s fourth quarter was highlighted by the acquisition of the Midland-based CrownRock Inc. for $12 billion and the $1.1-billion purchase of the Carbon ...
Occidental Petroleum (NYSE: OXY), which normally just goes by its ticker Oxy, is a big player in the energy sector. But when you compare it to the industry giants, well, it is still kind of small.
This recent acquisition was the latest in a string of multi-billion-dollar mergers among oil companies in the region. Occidental Petroleum makes $12 billion deal to grow Permian Basin oil and gas ...
Occidental Chemical plant in Kansas. Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile.
Occidental Petroleum produced $977 million, or $1 per share, of adjusted net income during the third quarter. It delivered robust free cash flow during the third quarter, which allowed it to ...
Occidental Petroleum will partly finance the acquisition by selling off some of its assets. The company's priority will be getting its debt level down to $15 billion.
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The field was developed and currently operated by Shell Philippines Exploration B.V. (SPEX), under the Royal Dutch Shell; with joint venture partners - Chevron Malampaya LLC and Philippine National Oil Company Exploration Corporation. On November 13, 2019, the Dennis Uy-led Udenna Corp. acquired Chevron Philippines Ltd.’s 45% stake.