Reuters Oil and gas producer Occidental Petroleum Corp said on Monday it would reduce its economic interest in pipeline operator Western Midstream Partners Lp to less than 50% in 2020. Occidental said it had reached agreements with Western, acquired in 2019 as part of its $38 billion acquisition of Anadarko Petroleum Corp, enabling Western to operate on an independent basis.
From Reuters Occidental Petroleum Corp (OXY.N) expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday. Cedric Burgher, in his first public remarks since the $38 billion acquisition closed last week, told an Enercom energy conference audience, the resulting debt burden was “not that bad,”
From Bloomberg Adviser helping find buyer for stakes in pipeline operator, Occidental struck $38 billion agreement for Anadarko in May Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter. Occidental is
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