Occidental completed the acquisition of CrownRock for $12bn.

Occidental, an American company engaged in hydrocarbon exploration, completed the acquisition of CrownRock, a Midland-based oil and gas producer, for $12bn. “By completing this transaction, Occidental adds assets that we believe make the best portfolio in our company’s history even stronger and more differentiated. We also welcome new team members who will combine with ours to form a high-performing employee base that is focused on safely and efficiently developing low-emission, low-cost energy," Vicki Hollub, Occidental President and CEO.