Occidental Announces Progress on Divestiture and Debt Reduction Program
July 30, 2024
July 30, 2024
HOUSTON, Texas, July 30 -- Occidental Petroleum, an oil and gas, exploration and production company, issued the following news release on July 29, 2024:
* * *
* Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million
* Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 mil . . .
* * *
* Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million
* Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 mil . . .