Occidental has closed its acquisition of CrownRock. The transaction, valued at approximately $12.0 billion, including the assumption of CrownRock’s debt, was first announced in December 2023.
'By completing this transaction, Occidental adds assets that we believe make the best portfolio in our company’s history even stronger and more differentiated. We also welcome new team members who will combine with ours to form a high-performing employee base that is focused on safely and efficiently developing low-emission, low-cost energy,' said President and Chief Executive Officer Vicki Hollub.
See related announcement: Occidental to acquire CrownRock, strengthening its U.S. onshore portfolio with premier Permian Basin assets (Dec 11 2023)
Source: Occidental
