Occidental Petroleum

Largest oil producer in the Permian Basin?

After closing the deal to buy Anadarko, Occidental’s has secured its status as the largest oil producer in the Permian Basin, the top U.S. shale field. Occidental’s global production will double to 1.4 million barrels of oil and gas per day.

Occidental CEO Hollub has promised to quickly shed most of Anadarko’s non-U.S. oil properties to focus on shale. Occidental also must absorb or sell Anadarko’s U.S. Gulf of Mexico offshore production.

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