Behold another “vast fossil-fuel” acquisition in the US, says Callum Jones in The Guardian. Occidental Petroleum is buying CrownRock for $12bn in cash and shares. The deal will increase Occidental’s acreage in the Permian Basin, America’s largest oil-producing area (see page 4), and boost its production in the
Deal frenzy in oil sector
Dec 15, 2023
2 minutes
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