Occidental Petroleum: Occidental lands $12 billion takeover of shale producer CrownRock
HOUSTON: Occidental Petroleum on Monday agreed to buy closely-held US shale oil producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest US shale oilfield. The deal comes amid a new wave of shale consolidation underpinned by Exxon Mobil’s $60-billion proposed deal for Pioneer Natural Resources and … Read more