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Occidental Considers B Sale Of Western Midstream

Occidental Western Midstream Occidental Petroleum Occidental Petroleum Corp Petroleum

The logo of Occidental Petroleum is displayed on a screen on the floor at the NYSE in New York

Occidental Petroleum Corp is reportedly considering a potential sale of its pipeline and storage assets, Western Midstream Partners LP, in a deal that could exceed $20 billion. Sources familiar with the matter have indicated that Occidental is exploring strategic options to divest its stake in Western Midstream.

Western Midstream Partners LP, a master limited partnership formed by Occidental, operates a network of pipelines and storage facilities primarily in the Permian Basin. The company plays a crucial role in transporting and storing oil and gas produced by Occidental and other energy companies in the region.

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