Occidental Petroleum Moves to Acquire CrownRock Partner Interests

Occidental Petroleum (OXY) has released an update.

Occidental Petroleum Corporation agreed to acquire all outstanding partner interests of CrownRock, L.P. from CrownRock Holdings, L.P. and its associated entities under a Purchase Agreement dated December 10, 2023. The completion of this transaction is subject to regulatory approval, including compliance with the Hart-Scott-Rodino Antitrust Improvements Act. As part of this process, Occidental and the sellers received a Second Request from the FTC on January 19, 2024, which extended the regulatory review period. Both parties are actively engaging with the FTC to move the acquisition forward.

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