Occidental to sell certain Delaware assets for $818m to Permian Resources

Occidental plans to use the proceeds to reduce debt, which stood at more than $18bn at the end of the first quarter (Q1).

By: Offshore Technology

Aug 24 2024
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Occidental to sell certain Delaware assets for $818m to Permian Resources — Occidental to sell certain Del

US oil company Occidental has reached an agreement to sell some of its Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818m. This sale is part of a broader dive… [+2789 chars]

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