Occidental Petroleum Acquisitions and Exits, 11 Deals Between 1988 and 2019
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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Occidental Petroleum Corp.

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

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 ≤ '14 '15 '16 '17 '18 '19 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

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Deal Values

> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest Anadarko Petroleum Corp.
$57.0B (2019-04-24)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest Anadarko Petroleum Corp. - Africa Assets
$8.8B (2019-05-05)

Oil/gas Exploration M&A - Last 3 Years

When analyzing the oil/gas exploration sector as a whole, according to Mergr, in the last 3 years, there are 129 oil/gas exploration companies that have made at least 1 acquisition, and 2 have acquired at least 5 companies.

The most prolific strategic oil/gas exploration acquirer over the past 3 years is Parkland Fuel, with 3 acquisitions. The most prolific private equity acquirer in the oil/gas exploration sector over the past 3 years is Carnelian Energy Capital with 6 platform acquisitions.

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