Occidental Petroleum Mergers and Acquisitions Summary

Oil/gas Exploration Company

Occidental Petroleum has acquired 7 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 4 assets.

Occidental Petroleum’s largest acquisition to date was in 2019, when it acquired Anadarko Petroleum for $57.0B. It’s largest disclosed sale occurred in 2019, when it sold Anadarko Petroleum - Africa Assets to Total S.A. for $8.8B. Occidental Petroleum has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (58%) and chemicals (29%).

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M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity7
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 3

Occidental Petroleum Corp.

5 Greenway Plaza Suite 110,
Los Angeles, California 90024
United States,
(713) 215-7000
www.oxy.com

Occidental Petroleum Corp., is an oil and gas exploration and production company. Occidental is an industry provider in applying advanced technology to boost production and access hard-to-recover reserves. Occidental Petroleum was founded in 1920 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 6 - - - 1 - 7
vol $4.3B $57.0B $61.3B
Sell (0.8/yr) # - 1 - 2 1 - 4
vol $8.8B $8.8B
  11

Most Recent M&A

Company Date Value Type
Anadarko Petroleum Corp. - Africa Assets 2019-05-05 8.8B USD Divestiture
, South Africa
Anadarko Petroleum Corp. 2019-04-24 57.0B USD Add-on Acquisition
The Woodlands, Texas · www.anadarko.com
Occidental Petroleum Corp. - Oxy Ingleside Energy Center 2018-08-08 - Divestiture
Ingleside, Texas
Occidental Petroleum Corp. - Centurion Pipeline 2018-08-08 - Divestiture
Los Angeles, California
Phibro LLC 2016-01-26 - Divestiture
Westport, Connecticut · www.phibro.com
Phibro LLC 2009-10-09 250M USD Divestiture
Westport, Connecticut · www.phibro.com
Bold Energy LP 2008-05-01 - Add-on Acquisition
Midland, Texas
Anadarko Petroleum Corp. - Africa Assets 2007-05-21 350M USD Divestiture
, South Africa
Vintage Petroleum, Inc. 2006-01-30 1.4B USD Merger
Tulsa, Oklahoma · www.vintagepetroleum.com
INDSPEC Chemical Corp. 1996-04-29 300M USD Add-on Acquisition
Petrolia, Pennsylvania · www.indspec-chem.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Anadarko Petroleum Corp. 2019-04-24 Mozambique LNG 2019-09-30 1
The Woodlands, Texas · www.anadarko.com Maputo, Mozambique · www.mzlng.com
Occidental Chemical Corp.    - Vulcan Materials Co. - Chlorine-Caustic Soda Manufacturing Plants 2004-10-12 1
Dallas, Texas Birmingham, Alabama

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 4 (57%) 58.8B (96%) 2 (50%) 8.8B (100%)
Chemicals 2 (29%) 2.3B (4%) - -
Financial Services 1 (14%) 250M (< 1%) 1 (25%) -
Energy Services and Equipment - - 1 (25%) -
Total 7 $61.3B 4 $8.8B

By Geo

State/Country Buy Value Sell Value
United States 6 61.0B 3 -
  Texas 3 59.0B 1 -
  Connecticut 1 250M 1 -
  Pennsylvania 1 300M - -
  Oklahoma 1 1.4B - -
  California - - 1 -
South Africa 1 350M 1 8.8B
Domestic 6 (86%) 61.0B (99%) 3 (75%) -
Cross-border 1 (14%) 350M (1%) 1 (25%) 8.8B (100%)
Total 7 $61.3B 4 $8.8B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch
1
Citigroup Investment Banking
1
Legal Deals
Cravath, Swaine & Moore LLP
1

Deal Values

buy # Total
> $1B 3 $60.4B
$100M to $1B 3 $900M
TOTAL $61.3B
Largest Anadarko Petroleum Corp.
$57.0B (2019-04-24)
sell # Total
> $1B 1 $8.8B
TOTAL $8.8B
Largest Anadarko Petroleum Corp. - Africa Assets
$8.8B (2019-05-05)

M&A Connections

Deals %
Acquired from
PE Firm(s)
60%
3 60%
Strategic(s)
40%
2 40%
Divested to
PE Firm(s)
25%
1 25%
Strategic(s)
75%
3 75%

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