Upcoming Dividend • Jun 03
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 15 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of Peruvian dividend payers (13%). Lower than average of industry peers (6.7%). Declared Dividend • May 19
First quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 10th June 2026 Payment date: 15th July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 132%. Cash payout ratio: 33%. Board Change • May 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Director Ken Robinson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$0.052 (vs US$0.81 in 1Q 2025) First quarter 2026 results: EPS: US$0.052 (down from US$0.81 in 1Q 2025). Revenue: US$5.11b (down 25% from 1Q 2025). Net income: US$52.0m (down 93% from 1Q 2025). Profit margin: 1.0% (down from 11% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Oil and Gas industry in South America. Aankondiging • Apr 09
Occidental Announces Oil Discovery At Bandit Prospect In Gulf Of America Occidental announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast. The exploration well, located in Green Canyon Block 680, encountered high-quality, full-to-base oil-bearing Miocene sands. Bandit is operated by Occidental, which holds a 45.375% working interest, and includes co-owners Chevron U.S.A. Inc. (37.125%) and Woodside Energy (17.5%). The co-owners are currently evaluating results to determine next steps. The discovery has the potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Share price has been volatile over the past 3 months (5.0% average weekly change). Profit margins are more than 30% lower than last year (6.3% net profit margin). Aankondiging • Apr 05
Occidental Petroleum Corporation Announces CEO Changes Occidental Petroleum Corporation announced that CEO Vicki Hollub is retiring, with Richard Jackson appointed as her successor. The leadership change comes as the company sharpens its focus on carbon management and balance sheet transformation. The shift follows the sale of OxyChem, which refocuses the group on its core energy and low carbon businesses. Aankondiging • Apr 02
Occidental Petroleum Corporation to Report Q1, 2026 Results on May 05, 2026 Occidental Petroleum Corporation announced that they will report Q1, 2026 results After-Market on May 05, 2026 Aankondiging • Mar 20
Occidental Petroleum Corporation, Annual General Meeting, May 01, 2026 Occidental Petroleum Corporation, Annual General Meeting, May 01, 2026. Declared Dividend • Feb 23
Fourth quarter dividend increased to US$0.26 Dividend of US$0.26 is 8.3% higher than last year. Ex-date: 10th March 2026 Payment date: 15th April 2026 Dividend yield will be 1.9%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 69%. Cash payout ratio: 27%. New Risk • Feb 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Profit margins are more than 30% lower than last year (6.3% net profit margin). Board Change • Feb 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Director Ken Robinson was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Feb 19
Occidental Petroleum Corporation Announces Quarterly Dividend, Payable on April 15, 2026 Occidental Petroleum Corporation Increased quarterly dividend by more than 8% to $0.26 per share, payable April 15, 2026, to stockholders of record as of March 10, 2026; quarterly dividend per share has doubled in the last four years. Aankondiging • Jan 06
Occidental Petroleum Corporation to Report Q4, 2025 Results on Feb 18, 2026 Occidental Petroleum Corporation announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Aankondiging • Jan 02
Berkshire Hathaway Inc. (NYSE:BRK.A) completed the acquisition of Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY). Berkshire Hathaway Inc. (NYSE:BRK.A) signed definitive agreement to acquire Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) for $9.7 billion on October 1, 2025. The all cash consideration of $9.7 billion (subject to customary purchase price adjustments) will be paid by Berkshire Hathaway Inc. An Occidental subsidiary will retain OxyChem’s legacy environmental liabilities, and Glenn Springs Holdings, Inc. will continue to manage existing remedial projects for that subsidiary. Berkshire Hathaway, and at the Closing will have, sufficient cash to pay the Closing Purchase Price and any other amounts required to be paid in connection with the consummation of the Transactions and to pay all related fees and expenses that are the responsibility of the Berkshire Hathaway.
The transaction is subject to regulatory approvals and other customary closing conditions. The expected completion of the transaction is fourth quarter of 2025. Occidental expects to use $6.5 billion of the transaction proceeds to reduce debt and achieve the target of principal debt below $15 billion.
Barclays Capital Inc. acted as financial advisor for Occidental Petroleum Corporation. Daniel J. Cerqueira, George F. Schoen, Matthew Morreale, Lauren Angelilli, Arvind Ravichandran, Eric W. Hilfers, David J. Kappos, Noah Joshua Phillips, Sarah W. Colangelo, John F. Kendrick, Annmarie M. Terraciano, Joyce Law, Brian M. Budnick and Lauren Piechocki of Cravath, Swaine & Moore LLP acted as legal advisor for Occidental Petroleum Corporation. Cyril V. Jones, Andrew Calder, Jacob Volz, Mark Dundon, Rebecca L. Fine, Daniel D. Lewis, Todd Herst, Stephen M. Jacobson, Stephanie Jeane, Justin Coddington, Jack M. Amaro, Christie Alcala, Damien Lyster, Paul D. Tanaka and James Dolphin of Kirkland & Ellis LLP acted as legal advisor to Berkshire Hathaway.
Berkshire Hathaway Inc. (NYSE:BRK.A) completed the acquisition of Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) on January 2, 2026. On completion, OxyChem will continue to be managed by Wade Alleman as president and CEO. Upcoming Dividend • Dec 05
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 10 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Peruvian dividend payers (16%). Lower than average of industry peers (16%). Aankondiging • Nov 12
Occidental Petroleum Corporation Raises Production Guidance for Fourth Quarter of 2025 Occidental Petroleum Corporation raised production guidance for the fourth quarter of 2025. For the quarter, the company raised total company production guidance from last quarter's implied guidance to a midpoint of 1.46 million BOE per day. This is driven by the expectation for continued strong performance across all 3 domestic assets, which should more than offset impacts from a scheduled turnaround at Al Hosn also in the fourth quarter. Declared Dividend • Nov 09
Second quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 10th December 2025 Payment date: 15th January 2026 Dividend yield will be 2.3%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 21%. Aankondiging • Nov 06
Occidental Announces Quarterly Dividend, Payable on January 15, 2026 Occidental announced that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on January 15, 2026, to stockholders of record as of the close of business on December 10, 2025. Aankondiging • Oct 10
Occidental Petroleum Corporation to Report Q3, 2025 Results on Nov 10, 2025 Occidental Petroleum Corporation announced that they will report Q3, 2025 results After-Market on Nov 10, 2025 Aankondiging • Oct 03
Occidental Petroleum Corporation Promotes Richard A. Jackson to Senior Vice President and Chief Operating Officer Occidental Petroleum Corporation announced that its Board of Directors has promoted Richard A. Jackson to Senior Vice President and Chief Operating Officer, overseeing global oil and gas operations, low-carbon integrated technologies and the midstream and marketing and health, safety and environment functions. He will continue reporting to Vicki Hollub, President and Chief Executive Officer. Jackson was named Senior Vice President and President, U.S. Onshore Resources and Carbon Management, Operations, in 2020. Previously, Jackson served as President and General Manager of the Permian Delaware Basin and EOR, as well as Vice President of Investor Relations and Vice President of Drilling Americas. He has also led Oxy Low Carbon Ventures from its inception, advancing leading-edge technologies, including key areas of emissions measurement, carbon utilization and sequestration, Direct Air Capture and lithium extraction. Jackson serves on the Oil and Gas Climate Initiative’s Climate Investment Board and the American Petroleum Institute’s Upstream Committee. A graduate of Texas A&M University, he holds a Bachelor of Science in Petroleum Engineering. Aankondiging • Oct 02
Berkshire Hathaway Inc. (NYSE:BRK.A) signed definitive agreement to acquire Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) for $9.7 billion. Berkshire Hathaway Inc. (NYSE:BRK.A) signed definitive agreement to acquire Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) for $9.7 billion on October 2, 2025. The all cash consideration of $9.7 billion (subject to customary purchase price adjustments) will be paid by Berkshire Hathaway Inc. An Occidental subsidiary will retain OxyChem’s legacy environmental liabilities, and Glenn Springs Holdings, Inc. will continue to manage existing remedial projects for that subsidiary.
The transaction is subject to regulatory approvals and other customary closing conditions. The expected completion of the transaction is fourth quarter of 2025. Occidental expects to use $6.5 billion of the transaction proceeds to reduce debt and achieve the target of principal debt below $15 billion.
Barclays Capital Inc. acted as financial advisor for Occidental Petroleum Corporation. Daniel J. Cerqueira, George F. Schoen, Matthew Morreale, Lauren Angelilli, Arvind Ravichandran, Eric W. Hilfers, David J. Kappos, Noah Joshua Phillips, Sarah W. Colangelo, John F. Kendrick, Annmarie M. Terraciano, Joyce Law, Brian M. Budnick and Lauren Piechocki of Cravath, Swaine & Moore LLP acted as legal advisor for Occidental Petroleum Corporation. Cyril V. Jones, Andrew Calder, Jacob Volz, Mark Dundon, Rebecca L. Fine, Daniel D. Lewis, Todd Herst, Stephen M. Jacobson, Stephanie Jeane, Justin Coddington, Jack M. Amaro, Christie Alcala, Damien Lyster, Paul D. Tanaka and James Dolphin of Kirkland & Ellis LLP acted as legal advisor to Berkshire Hathaway. Aankondiging • Oct 01
Berkshire Hathaway Reportedly in Talks to Buy Occidental’s Petrochemical Business Berkshire Hathaway Inc. (NYSE:BRK.A) is negotiating to purchase Occidental Petroleum’s (NYSE:OXY) petrochemical business for approximately $10 billion, according to a report from the Wall Street Journal, citing sources familiar with the discussions. The acquisition of OxyChem could be finalized within days if the talks proceed successfully. Occidental Petroleum, which has a market value of around $46 billion, already has Berkshire as its largest shareholder. The Financial Times had reported on Sunday that Occidental was in discussions to sell OxyChem for $10 billion, but did not identify the potential buyer. Aankondiging • Sep 29
Occidental Petroleum Reportedly in Talks to Sell OxyChem Unit for About $10 Billion Occidental Petroleum Corporation (NYSE:OXY) is in talks to sell its OxyChem division in a deal expected to be worth about $10 billion that would carve out one of the world’s largest standalone petrochemicals units. The Houston-based company, which is backed by Warren Buffett, has been steadily divesting assets in recent years in an effort to reduce its heavy debt load, which now stands at $24 billion. Occidental is working with advisers on the sale process. The divestment, which would be Occidental’s biggest to date, was likely to be announced in the coming weeks, two people familiar with the matter said, provided it does not hit any last-minute hurdles. The identity of the buyer could not immediately be established. It was possible that the sale could still fall apart, the people warned. Occidental did not immediately respond to requests for comment. Declared Dividend • Sep 02
Second quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 10th September 2025 Payment date: 15th October 2025 Dividend yield will be 2.0%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 50%. Cash payout ratio: 21%. Aankondiging • Aug 23
Enterprise Products Partners L.P. (NYSE:EPD) completed the acquisition of Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY). Enterprise Products Partners L.P. (NYSE:EPD) entered into an agreement to acquire Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) for $580 million in July 2025. A cash consideration of $580 million will be paid towards the assets of Midland Basin gas gathering assets.
The transaction is subject to customary closing conditions and regulatory approval, including the expiration or termination of the Hart-Scott-Rodino Act waiting period. The expected completion of the transaction is in the third quarter of 2025. The proceeds from the sale will be used for debt reduction.
Enterprise Products Partners L.P. (NYSE:EPD) completed the acquisition of Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) on August 22, 2025. Enterprise Products Partners L.P. completed the acquisition of Midland Basin gas gathering assets for $580 million in cash consideration on a debt-free transaction. Troutman Pepper Locke and Sidley Austin LLP served as legal advisors to Enterprise, and Skadden, Arps, Slate, Meagher & Flom LLP and Taylor Pullins, Chad McCormick, Neil Clausen, Jason McCoy and George Paul of White & Case LLP served as legal advisors to Occidental. Aankondiging • Aug 07
Enterprise Products Partners L.P. (NYSE:EPD) entered into an agreement to acquire Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) for $580 million. Enterprise Products Partners L.P. (NYSE:EPD) entered into an agreement to acquire Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) for $580 million in July 2025. A cash consideration of $580 million will be paid towards the assets of Midland Basin gas gathering assets.
The transaction is subject to customary closing conditions and regulatory approval, including the expiration or termination of the Hart-Scott-Rodino Act waiting period. The expected completion of the transaction is in the third quarter of 2025. The proceeds from the sale will be used for debt reduction. Aankondiging • Jul 30
Occidental Announces Quarterly Dividend, Payable on October 15, 2025 Occidental announced that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on October 15, 2025, to stockholders of record as of the close of business on September 10, 2025. Aankondiging • Jul 29
Occidental Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $703.79936 million. Occidental Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $703.79936 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 31,990,880
Price\Range: $22 Aankondiging • Jul 02
Occidental Petroleum Corporation to Report Q2, 2025 Results on Aug 06, 2025 Occidental Petroleum Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$46.48, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$79.86 per share. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: US$0.81 (vs US$0.60 in 1Q 2024) First quarter 2025 results: EPS: US$0.81 (up from US$0.60 in 1Q 2024). Revenue: US$6.84b (up 14% from 1Q 2024). Net income: US$784.0m (up 47% from 1Q 2024). Profit margin: 12% (up from 8.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in South America. Declared Dividend • May 04
Fourth quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 10th June 2025 Payment date: 15th July 2025 Dividend yield will be 2.4%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 23%. Aankondiging • May 01
Occidental Announces Quarterly Dividend, Payable on July 15, 2025 Occidental announced that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on July 15, 2025, to stockholders of record as of the close of business on June 10, 2025. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$36.96, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Oil and Gas industry in South America. New Risk • Apr 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.1% average weekly change). Minor Risks High level of debt (67% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.3% net profit margin). Aankondiging • Apr 08
Occidental and 1Pointfive Secure Class Vi Permits for Stratos Direct Air Capture Facility Occidental and its subsidiary 1PointFive announced that the U.S Environmental Protection Agency approved its Class VI permits to sequester carbon dioxide (CO2) captured from STRATOS when the world’s largest Direct Air Capture (DAC) facility begins operating in Ector County, Texas. The permits, the first issued to sequester CO2 from a DAC project, allows Occidental to leverage its expertise managing large quantities of CO2 while advancing technology that strengthens the United States’ energy security and furthers economic growth in Texas. The permits, issued under the Safe Drinking Water Act's Underground Injection Control program, are a critical component of Occidental’s plan to securely and durably store CO2 captured from the atmosphere. Throughout EPA’s rigorous review process, Occidental demonstrated that its technologies, processes, monitoring programs and other procedures meet or exceed federal and state requirements for injection wells that store CO2 in geologic formations more than one mile underground. Aankondiging • Apr 03
Occidental Petroleum Corporation to Report Q1, 2025 Results on May 07, 2025 Occidental Petroleum Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Aankondiging • Mar 21
Occidental Petroleum Corporation, Annual General Meeting, May 02, 2025 Occidental Petroleum Corporation, Annual General Meeting, May 02, 2025. Aankondiging • Feb 25
Civitas Resources, Inc. (NYSE:CIVI) agreed to acquire 19,000 net acres Midland Basin Assets in Howard, Glasscock, and Upton Counties for $300 million. Civitas Resources, Inc. (NYSE:CIVI) agreed to acquire 19,000 net acres Midland Basin Assets in Howard, Glasscock, and Upton Counties for $300 million in early 2025. A cash consideration of $300 million will be paid by Civitas Resources, Inc. As part of consideration, $300 million is paid towards assets of 19,000 net acres Midland Basin Assets in Howard, Glasscock, and Upton Counties. Civitas Resources, Inc. plans to fund the purchase price through additional borrowings on its revolving credit facility. In February 2025, the Civitas Resources, Inc. amended its revolving credit facility to increase elected commitments from $2.2 billion to $2.5 billion.
Closing of the transaction is anticipated at the end of February 2025. Declared Dividend • Feb 25
Fourth quarter dividend increased to US$0.24 Dividend of US$0.24 is 9.1% higher than last year. Ex-date: 10th March 2025 Payment date: 15th April 2025 Dividend yield will be 1.7%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 20%. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Peruvian stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (67% net debt to equity). Share price has been volatile over the past 3 months (4.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.3% net profit margin). Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: US$2.40 (vs US$4.22 in FY 2023) Full year 2024 results: EPS: US$2.40 (down from US$4.22 in FY 2023). Revenue: US$26.9b (down 4.9% from FY 2023). Net income: US$2.24b (down 40% from FY 2023). Profit margin: 8.3% (down from 13% in FY 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in South America. Aankondiging • Jan 03
Occidental Petroleum Corporation to Report Q4, 2024 Results on Feb 18, 2025 Occidental Petroleum Corporation announced that they will report Q4, 2024 results After-Market on Feb 18, 2025 Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$1.03 (vs US$1.30 in 3Q 2023) Third quarter 2024 results: EPS: US$1.03 (down from US$1.30 in 3Q 2023). Revenue: US$7.15b (flat on 3Q 2023). Net income: US$1.15b (flat on 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in South America. Aankondiging • Nov 07
Occidental Declares Regular Quarterly Dividend, Payable on January 15, 2025 Occidental announced that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on January 15, 2025, to stockholders of record as of the close of business on December 10, 2024. Aankondiging • Sep 18
Permian Resources Corporation (NYSE:PR) completed the acquisition of Core Delaware Basin Assets from Occidental Petroleum Corporation. Permian Resources Corporation (NYSE:PR) entered into a definitive agreement to acquire Core Delaware Basin Assets from Occidental Petroleum Corporation(NYSE: OXY) for approximately $820 million on July 1, 2024. As per terms, the Company intends to fund the acquisition, subject to market conditions and other factors, through proceeds from one or more capital markets transactions.
The transaction is subject to customary post-closing adjustments and is expected to close by the end of the third quarter of 2024. RBC Capital Markets, LLC acted as financial advisor to Occidental Petroleum Corporation (NYSE:OXY). Chad M. Smith, P.C. and William C. Eiland II of Kirkland & Ellis LLP acted as legal advisor to Permian Resources Corporation.
Permian Resources Corporation (NYSE:PR) completed the acquisition of Core Delaware Basin Assets from Occidental Petroleum Corporation(NYSE: OXY) on September 17, 2024. 
