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Apex Trader Funding (ATF) - News

Occidental's CrownRock Deal Delayed But Sees Permian Basin Production Boost

Occidental Petroleum Corporation (NYSE:OXY) now expects to close the acquisition of shale oil producer CrownRock LP by the third quarter of FY24. In December 2023, the company inked a purchase deal for cash and stock in a transaction valued at about $12.0 billion. At that time, Occidental expected the deal to close in the first quarter of 2024. In the first-quarter FY24 conference ...