Advertisement
Canada markets open in 4 hours 59 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7312
    +0.0015 (+0.20%)
     

  • CRUDE OIL

    83.16
    +0.35 (+0.42%)
     

  • Bitcoin CAD

    87,487.55
    -3,735.52 (-4.09%)
     

  • CMC Crypto 200

    1,363.80
    -18.77 (-1.36%)
     

  • GOLD FUTURES

    2,338.60
    +0.20 (+0.01%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,485.00
    -179.50 (-1.02%)
     

  • VOLATILITY

    16.16
    +0.19 (+1.19%)
     

  • FTSE

    8,090.88
    +50.50 (+0.63%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6816
    -0.0003 (-0.04%)
     

With Asset Sales Falling Off the Table, Occidental Petroleum Is Looking at All Other Options to Reduce Debt

Matthew DiLallo, The Motley Fool
·5 min read
With Asset Sales Falling Off the Table, Occidental Petroleum Is Looking at All Other Options to Reduce Debt

Occidental Petroleum's (NYSE: OXY) ambitious plan to pay off the debt it took on to acquire Anadarko Petroleum has encountered many obstacles. Not only has it been unable to close some asset sales, but plummeting crude oil prices took asset values with them, which will make it impossible to achieve the company's target. Occidental Petroleum initially anticipated that it could net $15 billion from selling assets following the acquisition of Anadarko Petroleum.

Continue reading