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WMB - Occidental Petroleum: Western Midstream Asset Sale Could Help Clean Up Balance Sheet
Williams Companies Inc.
2024-02-21 09:32:34 ET
Summary
Occidental Petroleum is considering a sale of its stake in Western Midstream Partners, which could raise billions of dollars to pay down debt.
The potential sale would make Occidental Petroleum more focused on upstream operations, appealing to investors looking for exposure to high oil prices.
Potential buyers for Western Midstream Partners include Kinder Morgan, Williams, and Enterprise Products Partners, among others.