Occidental Petroleum is buying CrownRock for $12 billion

CrownRock is in focus this morning after Occidental Petroleum Corp (NYSE: OXY) said it will buy the energy producer for about $12 billion. Details of Occidental-CrownRock deal The hydrocarbon exploration giant will issue $1.7 billion worth of stock and $9.1 billion of debt to finance the acquisition. On Monday, Occidental revealed plans of lifting its […]