HOUSTON, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced it has signed four agreements to divest select Permian Basin assets, generating approximately $950 million in proceeds to be used for debt reduction:
Related Questions
How will the proceeds be allocated to debt reduction versus other uses?
Which specific Permian Basin assets are being sold and at what valuation?
How might this transaction affect OXY's guidance and potential earnings upgrades?
How will the $950 million asset sale affect OXY's balance sheet and leverage ratios?
Will the market price in a potential earnings per share boost from lower interest expense?
What is the timeline for the divestitures and when will the cash be received?
What tax implications or capital gains considerations arise from the asset sales?
Will the debt reduction materially improve OXY's credit rating or borrowing costs?
What impact will the asset sales have on OXY's production volumes and future cash‑flow outlook?
How does this asset sale compare to recent divestitures by peers such as Chevron, Exxon, and other E&P firms?