Occidental completes $12.4B acquisition of CrownRock, closing on August 1, 2024

OCCIDENTAL PETROLEUM CORP /DE/

Aggregate consideration $12.4B: $9.4B cash, 29.56M OXY shares, assumption of $1.2B CrownRock debt.
Registration rights agreement grants sellers demand and piggyback rights; OXY to file resale shelf within 5 business days.
CEO Vicki Hollub says acquisition strengthens portfolio with low-emission, low-cost energy assets.
Acquisition closed August 1, 2024; OXY issued press release announcing completion.

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