HomeMarket NewsOccidental Petroleum's Ruthless Bid to Acquire Permian's CrownRock

Occidental Petroleum’s Ruthless Bid to Acquire Permian’s CrownRock

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Occidental Petroleum (NYSE:OXY) is aggressively pursuing the acquisition of Permian oil producer CrownRock in a deal worth a hefty $10 billion, and this includes debt.

If this deal goes through, it will be a cunning victory for Occidental Petroleum, assuming they can outplay any other potential suitor, according to a obtained on Wednesday from sources close to the deal.

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