Warren Buffett-Backed Occidental Petroleum Seals $12 Billion Deal For Permian Producer

Warren Buffett-backed Occidental Petroleum (OXY) announced Monday it agreed to purchase privately held Permian Basin oil producer, CrownRock. The deal, valued at around $12 billion, would be the company's first major acquisition since 2019. OXY shares advanced early. Occidental Petroleum's bid for…

#warrenbuffett #occidentalpetroleum #oxy #permianbasin #crownrock #exxonmobil #xom #chevron #cvx #occidental