Houston-based Occidental Petroleum Corp. (NYSE: OXY) has been planning to sell $10 billion to $15 billion worth of assets since inking a deal to acquire The Woodlands-based Anadarko Petroleum Corp. earlier this year.
The $55 billion acquisition, including the assumption of debt, closed Aug. 8, and Occidental provided an update on its divestiture and deleveraging efforts on Sept. 30.
According to a press release, the completed efforts include part of a previously announced divestiture, a recent…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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