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Occidental Is Latest Oil Company to Buy a Smaller Producer

Explore the latest development in the U.S. oil industry as Occidental Petroleum joins the consolidation trend, announcing a $12 billion offer to acquire privately owned oil producer CrownRock. This move follows recent acquisition announcements by Exxon Mobil and Chevron, marking a notable wave of consolidation among the largest U.S. oil companies.

Occidental Is Latest Oil Company to Buy a Smaller Producer

Published on

December 28, 2023

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