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Occidental Petroleum in Talks to Buy Permian Producer CrownRock

November 30, 2023
in Business
Reading Time: 1 min read
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Occidental Petroleum in Talks to Buy Permian Producer CrownRock

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Occidental Petroleum is in talks to purchase CrownRock, a significant power producer within the west Texas space of the Permian basin, persevering with a frenzy of deal making within the oil patch.

A deal for the carefully held firm, which could possibly be valued nicely above $10 billion together with debt, may come collectively quickly assuming the talks don’t collapse or one other suitor doesn’t prevail, in keeping with folks conversant in the matter.

Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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