WES - What's Going On With Western Midstream Shares Today? | Benzinga
Western Midstream Partners LP (NYSE:WES) shares are volatile after the news of Occidental Petroleum Corp (NYSE:OXY) reportedly exploring a sale of its stake in the company to reduce debt.
Occidental owns 49% of Western Midstream and controls the company’s operations, which has a U.S. natural gas-focused pipeline operator with a market value of close to $20 billion (including debt), reported Reuters.
As per the report, JPMorgan is advising Occidental to extract the most value from its ownership of Western Midstream.
Western Midstream said in a statement ...