Tuesday, 12 December 2023 00:02
Oxy and largest shareholder Warren Buffett give value boost to US Permian assets with $12Bln CrownRock deal
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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