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.
Article Thesis
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Occidental Petroleum: Western Midstream Asset Sale Could Help Clean Up Balance Sheet