Oxy and largest shareholder Warren Buffett give value boost to US Permian assets with $12Bln CrownRock deal
Tuesday, 12 December 2023
Occidental Petroleum, the Houston-based company with US oil and gas assets and Warren Buffett as a main shareholder as well as owning oil and natural gas stakes in Algeria, Oman and the United Arab Emirates, has agreed to buy US Permian Basin-focused energy producer CrownRock in a cash and stock deal valued at $12 billion including debt.
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Tagged under
- Occidental Petroleum
- US M&A
- Warren Buffett
- Midland Basin OIl
- CrownRock
- ExxonMobil oil and gas
- Chevron
- Pioneer Natural Resources
- CrownRock Minerals
- Lime Rock Partners
- Houston oil and gas deals
- Algerian oil and gas
- UAE oil and gas
- Oman oil and gas
- Sonatrach
- Hassi Berkine field
- Abu Dhabi National Oil Company
- Al Hosn Gas
- Berkshire Hathaway Energy
- West Texas Intermediate
- WTI breakeven
- Vicki Hollub
- Tim Dunn
