After hours:
- Yahoo Finance
Occidental's $12 billion CrownRock deal an 'aggressive move' amid Big Oil's Permian consolidation
Occidental will need to issue about $9 billion in debt to finance the deal, a risk highlighted by Wall Street analysts on Monday.
- Insider Monkey
15 Best Undervalued Stocks To Buy Now According To The Media
In this article, we will take a detailed look at the 15 Best Undervalued Stocks To Buy Now According to the Media. For a quick overview of such stocks, read our article 5 Best Undervalued Stocks To Buy Now According to the Media. The US stock market defied all pessimistic expectations this year and showed resilience […]
- Investor's Business Daily
Warren Buffett-Backed Occidental Petroleum Seals $12 Billion Deal For Permian Producer
Warren Buffett-backed Occidental Petroleum announced Monday it agreed to purchase privately held Permian Basin oil producer, CrownRock. The deal, valued at around $12 billion, would be the company's first major acquisition since 2019. Occidental Petroleum's bid for CrownRock comes as energy companies look to increase their share of the consolidating Permian Basin pie.
