The private-equity firm recently sold the shares it received as part of the August sale of its majority stake in oil-and-gas producer CrownRock, notching what is perhaps one of the buyout industry ...
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024. Oil prices are moving higher ahead of ...
The company has issued $5 billion of senior unsecured notes to fund the cash consideration of the CrownRock acquisitions. A huge increase in debt was concerning, but Occidental has issued the ...