Occidental Petroleum Corp.
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About
Occidental is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. The company’s wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls.
Editor's note: July 16, 2019.
Transactions
Occidental Sells Ghana Asset to Kosmos for $550 Million
Occidental Sells Ghana Asset to Kosmos for $550 Million
Occidental Sells Ghana Asset to GNPC for $200 Million
Occidental Sells Ghana Asset to GNPC for $200 Million
Occidental Sells Permian Acreage to Colgate for $508 Million
Occidental Sells Permian Acreage to Colgate for $508 Million
Occidental Petroleum Grows Middle East Presence with Abu Dhabi Deal
Occidental Petroleum Grows Middle East Presence with Abu Dhabi Deal
Occidental Petroleum to Sell Colombia Onshore Assets for $825 Million
Occidental Petroleum to Sell Colombia Onshore Assets for $825 Million
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New Financings
Commenced cash tender offers to purchase for cash outstanding notes in three separate pools. Occidental’s…
Commenced cash tender offers to purchase its outstanding notes in two separate pools limited to an…
Commenced cash tender offers to purchase up to a maximum combined aggregate purchase price of $2 billion…
Commenced offer to purchase for cash up to a maximum aggregate purchase price, excluding accrued but…
Occidental Petroleum Corp. announced the expiration and final results of (i) the offers to exchange any…
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Instantly unlock over 15 years of A&D transactions and financing data.
News
It’s All Relative: Family Oil Companies Attract Huge M&A Attention
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.
Analysis: A Mountain of Asset Sales Loom After Oil Megamerger Era
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Private E&P Point Energy Triples Delaware Basin Production to 15,000 bbl/d
Point Energy Partners has since brought on an additional 15 wells and has 12 more coming online later this year in Ward County, Texas, while its leasehold in northern Loving County is tied up in a dispute with Matador Resources.
Berkshire Hathaway Boosts stake in Occidental Petroleum to Nearly 29%
Warren Buffett's Berkshire Hathaway Inc. acquired another 2.95 million shares in Occidental Petroleum.
Oxy, Other E&Ps Look to Alternative Power Sources for Ops
Oil and gas companies Occidental Petroleum Corp. and Diamondback Energy Inc. are collaborating with fission and fusion power technology companies to power their operations.
Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit
Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.
Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package
Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.
Occidental, BHE Renewables Form JV to Extract Lithium
The joint venture between Occidental Petroleum and Berkshire Hathaway’s BHE Renewables takes shape as companies aim to meet growing demand for lithium, a key ingredient for rechargeable batteries used for electronics, energy storage and electric vehicles.
Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets
Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.
Multi-basin Mayhem: Conoco, Marathon Tout Eagle Ford, Bakken Runway
ConocoPhillips and Marathon Oil—which both trace their roots to the breakup of John D. Rockefeller’s Standard Oil Trust more than a century ago—are combining in a $22.5 billion deal.
The Shape of M&A to Come: Is Devon Up Next to Join the Spree?
ConocoPhillips' recent $17.1 billion deal to acquire Marathon Oil came after the company missed out on buying CrownRock and Endeavor, two companies Devon Energy took a hard look at, Moelis’ Stephen Trauber said.
CEO: FireBird II Prowls Western Midland Basin for M&A, Deep Exploration
After selling the first FireBird Energy to Diamondback for $1.6 billion, the FireBird II team is adding leases and scaling oil production in the western Midland Basin, CEO Travis Thompson said at Hart Energy’s SUPER DUG Conference & Expo.
Permian Recycling Facility Passes 50 MMbbl of Water Recycling
Occidental Petroleum and Select Water Solutions have collaborated on water treatment and recycling at the site since 2021.
Diamondback’s Van’t Hof Plays Coy on Potential Delaware Divestiture
Diamondback Energy’s President and CFO Kaes Van't Hof also addressed new Permian exploration and the lack of “fun” dealing with the FTC on its deal to buy Endeavor Energy Resources.