Acquisition, valued at approximately $12.0 billion, generates immediate free cash flow accretion CrownRock’s well-positioned assets expand Occidental’s scale in the Midland Basin CrownRock’s development-ready inventory high-grades Occidental’s premier Permian Basin portfolio and increases low-breakeven inventory […]
ENB Pub Note: Michael and Stu are filming an episode of the ENB Deal Spotlight on this deal and pushing out on the ENB channels. Stay tuned for an evaluation of a public oil company […]
World Oil (Bloomberg) – Oil tycoon Tim Dunn has spent millions to try to influence Texas to lean toward his conservative politics. Now, as he considers bids for his drilling company that’s said to be valued […]
(Bloomberg) – Occidental Petroleum Corp. is in talks to buy shale driller CrownRock LP, according to the Wall Street Journal, as the consolidation wave in North America’s most prolific oil field gathers momentum. A deal […]
Warren Buffett’s Berkshire Hathaway just snapped up more Occidental Petroleum shares, pushing the legendary investor’s stake in the oil company to just over 25%. Buffett’s conglomerate purchased another 2.1 million shares of Occidental in the […]
The oil company CEO was practically giddy, she was so excited about its record earnings. On a call with shareholders and analysts on March 31, Occidental Petroleum’s Vicki Hollub bragged that the century-old oil giant was […]
At a conference about energy finance and the energy transition on May 19, Occidental Petroleum CEO Vicki Hollub stated it plainly, “We will never walk away from oil and gas…and our carbon management business will […]
Occidental Petroleum Corporation (NYSE:OXY) released a solid earnings report for FQ1 this week. However, that hasn’t been enough to stem a slide in OXY that started in early April, as the boost from the OPEC+ production cut faltered. Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren […]
In something of a reversal in trends, Occidental Petroleum has started buying back preferred stock it transferred to Warren Buffett’s Berkshire Hathaway in exchange for its financial backing for the Anadarko takeover. The news comes […]
Oxy’s carbon capture plant, Stratos, will be considered the world’s largest direct air capture plant once it’s complete. ODESSA, Texas — Oxy and its subsidiary, 1PointFive, held a groundbreaking ceremony Friday for their planned carbon […]
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