secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000797468-24-000130
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000079746824000130/0000797468-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000079746824000130/oxy-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000797468-24-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer