UPDATE 1-Occidental says CrownRock deal could close by August [Yahoo! Finance]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: Yahoo! Finance
HOUSTON, May 8 (Reuters) - Occidental Petroleum Chief Executive Vicki Hollub on Wednesday said the company hopes to close the acquisition of shale oil producer CrownRock before the second-quarter earnings call, which typically happens in early August. "By that time, I believe, we will have closed," Hollub told analysts, when asked in an earnings call when the company expects to incorporate CrownRock into its oil production guidance. Closing will happen "certainly sometime in the third quarter," she said. Occidental in December proposed to buy Permian producer CrownRock in a $12 billion cash-and-stock deal including debt. It wants to expand its presence in the largest U.S. oilfield as part of a wider consolidation wave among shale producers. The company is working to answer a second request for information on the acquisition by U.S. regulators and does not anticipate impediments for closing, Hollub said. Excluding the acquisition, Occidental said it plans to increase
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OXY
Earnings
- 5/7/24 - Beat
OXY
Sec Filings
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- OXY's page on the SEC website