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Occidental Petroleum Corporation (OXY)

NYSE - Nasdaq Real Time Price. Currency in USD
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59.56-0.96 (-1.59%)
At close: 04:00PM EST
59.58 +0.02 (+0.03%)
After hours: 07:58PM EST
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  • Bloomberg

    Occidental Explores Sale of Western Midstream Stake, Reuters Reports

    (Bloomberg) -- Occidental Petroleum Corp. is exploring the sale of Western Midstream Partners as it looks to pay down debt, according to a Reuters report.Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Your 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsStocks Fall Before Nvidia’s Must-Watch Earnings: Markets WrapUS Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearWester

  • Reuters

    Exclusive-Occidental explores $20 billion-plus sale of Western Midstream, sources say

    (Reuters) -Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of close to $20 billion, including debt, according to people familiar with the matter. The divestment would help Occidental, which is backed by Warren Buffett's Berkshire Hathaway, slash the $18.5 billion debt pile it has accumulated because of acquisitions. Occidental inked a deal in December to acquire oil and gas producer CrownRock for $12 billion, an acquisition which would add further borrowing, four years after its $54 billion purchase of peer Anadarko Petroleum.

  • Simply Wall St.

    An excellent week for Occidental Petroleum Corporation's (NYSE:OXY) institutional owners who own 52% as one-year returns inch higher

    Key Insights Institutions' substantial holdings in Occidental Petroleum implies that they have significant influence...