Prediction: This Will Be Occidental Petroleum's Next Big Move
OXY(OXY) The Motley Fool·2024-07-13 19:34
faster and could pay all cash for Occidental's stake, potentially giving this group an advantage over strategic buyers. A sale makes so much sense Occidental Petroleum will need to quickly sell assets after it closes its CrownRock deal to repay debt. I predict it will decide to sell its stake in Western Midstream. There should be lots of potential buyers, which could enable it to get a great price. A sale would quickly boost the company's balance sheet by monetizing a noncore asset to fund a deal that enhan ...