Occidental Petroleum (OXY) is exploring a sale of Western Midstream Partners (WES) to help the company slash the $18.5B debt pile it has accumulated from recent acquisitions, people familiar with the matter told Reuters’ David French and Anirban Sen.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on OXY:
- Occidental Petroleum price target lowered to $77 from $80 at Truist
- Occidental Petroleum price target raised to $62 from $59 at Wells Fargo
- Buffett’s Berkshire Trims Stake in AAPL, Adds CVX
- Occidental Petroleum (NYSE:OXY) Reports Solid Q4 Results
- Berkshire Hathaway boosts Chevron position, cuts HP and Apple stakes