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Occidental Petroleum Corp announces sale of hugoton field assets


Thursday, 13 Feb 2014 04:01pm EST 

Occidental Petroleum Corp:Says it has reached a definitive agreement to sell its Hugoton Field assets to an undisclosed buyer for pre-tax proceeds of $1.4 bln.Says the sale was approved by the Board as part of Occidental's strategic review to streamline and focus operations.Says the proceeds from this transaction will be used to partially fund the announced increase to the Company's share repurchase programc. 

Company Quote

80.0
1.69 +2.16%
30 Jan 2015