Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives
OXYOXY(OXY) GlobeNewswire News Room·2024-08-19 20:00

Achieved 3billioninprincipaldebtreductioninthethirdquarterof2024PublicofferingofaportionofOccidentalscommonunitsofWesternMidstreamPartners,LP,raised3 billion in principal debt reduction in the third quarter of 2024Public offering of a portion of Occidental’s common units of Western Midstream Partners, LP, raised 700 million, bringing total 2024 year-to-date closed or announced divestments to approximately 1.7billionFollowingcloseofthepreviouslyannouncedDelawareBasinBarillaDrawdivestiture,whichisexpectedlateinthethirdquarter,Occidentalexpectsatotalyeartodatereductionofover1.7 billionFollowing close of the previously announced Delaware Basin Barilla Draw divestiture, which is expected late in the third quarter, Occidental expects a total year-to-date reduction of over 3.8 billion in principal debt HOUSTON, ...