Occidental to buy shale player CrownRock for $12 billion

Cash and stock transaction follows pattern of expansion in unconventional acreage seen in earlier US oil megadeals

‘Strategic fit’: Occidental chief executive Vicki Hollub.
‘Strategic fit’: Occidental chief executive Vicki Hollub.Photo: CERAWeek by S&P GLOBAL
Published 11 December 2023, 12:43Updated 13 December 2023, 14:08