Occidental Petroleum Corp. (Oxy) on Sunday substantially increased its offer to take over Anadarko Petroleum Corp., and if completed, it already has an agreement in hand with Total SA to sell $8.8 billion of natural gas-rich African assets, including Anadarko’s proposed export project in Mozambique.
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NGI The Weekly Gas Market Report
Berkshire Hathaway Commits $10B to Help Oxy Take Anadarko
Berkshire Hathaway Inc. agreed Tuesday to invest up to $10 billion in Occidental Petroleum Corp. (Oxy) to help the independent usurp Chevron Corp.’s bid to buy Anadarko Petroleum Corp.
April 30, 2019
Amid Red Ink, Oxy California Spinoff to Add Two Rigs, Take $1B Loan
While reporting larger quarterly losses, California Resources Corp. (CRC) officials indicated that they are starting a modest turnaround, adding two rigs and successfully pricing a $1 billion first lien secured credit facility.
August 8, 2016
Oxy California Spinoff Continues to Hunker Down; Asset Sales Off Table, CFO Says
The Occidental Petroleum Corp. (Oxy) spinoff, California Resources Corp. (CRC), is lowering its profile to fit a continuing low-priced commodity environment by shedding debt and rethinking the need for various asset sales, CFO Mark Smith said Wednesday as part of a panel discussion at the Goldman Sachs Global Energy Conference in Miami.
January 7, 2016
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