Oxy buy Crownrock 12 b

Post Reply
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Oxy buy Crownrock 12 b

Post by Fraser921 »

9.1 debt and 2.9 equity adds 170 boe/day

https://www.oxy.com/news/news-releases/occidental-to-acquire-crownrock-strengthening-its-u.s.-onshore-portfolio-with-premier-permian-basin-assets/

Increased cash flow, along with proceeds from a new $4.5-$6.0 billion divestiture program, will enable Occidental to reduce its debt principal by at least $4.5 billion within 12 months and expect to retain its investment grade credit ratings
Post Reply