Occidental Petroleum (NYSE: OXY) acquired Anadarko Petroleum almost a year ago, focused on becoming a giant of the U.S. shale basins. As a result of the expensive acquisition, the company decided it would focus on significant asset sales. The company planned on $10-15 billion of asset sales, starting by divesting Africa assets for $8.8 billion.
Occidental Petroleum - Wyoming Public Radio
Occidental Petroleum Africa Sale Terms
Occidental Petroleum announced $8.8 billion in asset sales with Africa before the start of the acquisition.
Occidental Petroleum Sale Plan - Occidental Petroleum Investor Presentation
Occidental Petroleum announced