{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-057344","form_type":"8-K","ticker":"OXY","cik":"0000797468","company_name":"OCCIDENTAL PETROLEUM CORP /DE/","filed_at":"2023-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.025533+00:00","generated_at":"2026-06-07T14:29:33.808685+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Occidental acquires CrownRock for ~$12B; adds 170 Mboed, 1,700 Permian locations","bullets":["Total consideration ~$12.0B: $9.1B cash, ~$1.7B OXY stock, assumption of $1.2B CrownRock debt.","Adds ~170 Mboed high-margin production in 2024 and 1,700 undeveloped locations, 1,250 sub-$60 breakeven.","Increases Permian sub-$40 breakeven inventory by 33% and total sub-$40 inventory by 25%.","Quarterly dividend raised 22% to $0.22/share starting February 2024 declaration.","Plans $4.5-6.0B divestiture program to reduce debt by at least $4.5B within 12 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-057344","json":"https://secwatch.observer/filing/0001140361-23-057344.json","markdown":"https://secwatch.observer/filing/0001140361-23-057344.md","text":"https://secwatch.observer/filing/0001140361-23-057344.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/797468/000114036123057344/0001140361-23-057344-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/797468/000114036123057344/ny20016462x1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:29:33.808685+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"141576753cdb8c94d87e31eadccf3e19560f33b0","claim":"OCCIDENTAL PETROLEUM CORP /DE/ entered into Purchase Agreement with CrownRock Holdings, L.P. and CrownRock GP, LLC valued at approximately $12.0 billion (effective 2023-12-10).","evidence_excerpt":"Purchase Agreement On December 10, 2023, Occidental Petroleum Corporation, a Delaware corporation (“Occidental”), CrownRock Holdings, L.P., a Delaware limited partnership (“Limited Partner”), CrownRock GP, LLC, a Delaware limited","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/797468/000114036123057344/0001140361-23-057344-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"CrownRock Holdings, L.P. and CrownRock GP, LLC"},{"label":"Value","value":"approximately $12.0 billion"},{"label":"Effective","value":"2023-12-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}