OIL Occidental Petroleum to buy Permian producer
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Posted On: 12/11/2023 7:27:00 AM
OIL
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
KEY POINTS
Occidental Petroleum has agreed to buy CrownRock for $12 billion.
CrownRock is a major privately held energy producer that operates in the Permian Basin.
Occidental also said it's raising its quarterly dividend to 22 cents a share from 18 cents a share.
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
KEY POINTS
Occidental Petroleum has agreed to buy CrownRock for $12 billion.
CrownRock is a major privately held energy producer that operates in the Permian Basin.
Occidental also said it's raising its quarterly dividend to 22 cents a share from 18 cents a share.
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