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crown rock stock pepe unchain Bnb Eth XRP aave Bitcoin Bonk

Did Occidental buy crownrock?

REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights HOUSTON, Dec 11 (Reuters) - Occidental Petroleum (OXY.N) on Monday agreed to buy closely-held U.S. shale oil producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest U.S. shale oilfield.

How much is crownrock worth?

Reuters first reported in September that CrownRock was preparing to explore a sale that could give it an enterprise value of well over $10 billion. Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up here.

Is crownrock a good investment?

Alongside rivals Endeavor Energy Resources and Mewbourne Oil, CrownRock has long been viewed as a prime target for bigger groups looking to scale up their operations in the oilfield. Like those peers, CrownRock has significantly increased production since 2019.

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