Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives

Achieved $3 billion in principal debt reduction in the third quarter of 2024 Public offering of a portion of Occidental's common units of Western Midstream Partners, LP, raised$700 million, bringing total 2024 year-to-date closed or announced divestments to approximately $1.7 billion Following close of the previously announced Delaware Basin Barilla Draw divestiture, which is expected late in the third quarter, Occidental expects a total year-to-date reduction of over$3.8 billion in principal debt HOUSTON ...