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home / articles / OXY - Occidental's CrownRock Deal Delayed But Sees Permian Basin Production Boost | Benzinga
Occidental Petroleum Corporation (NYSE:OXY) now expects to close the acquisition of shale oil producer CrownRock LP by the third quarter of FY24.
In December 2023, the company inked a purchase deal for cash and stock in a transaction valued at about $12.0 billion. At that time, Occidental expected the deal to close in the first quarter of 2024.
In the first-quarter FY24 conference ...
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