Occidental Petroleum - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Occidental Petroleum M&A Summary

Occidental Petroleum has acquired 10 companies, including 4 in the last 5 years. A total of 5 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 TotalEnergies SE for $8.8B. Occidental Petroleum has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (56%) and chemicals (23%).

Occidental Petroleum Business Overview

Where is Occidental Petroleum headquartered?

Occidental Petroleum is headquartered in Houston, Texas.

What is Occidental Petroleum’s revenue?

Occidental Petroleum disclosed revenue of 36,634M USD for 2022 and 25,956M USD for 2021.

How many employees does Occidental Petroleum have?

Occidental Petroleum has 11,800 employees.

What sector is Occidental Petroleum in?

Occidental Petroleum is an oil/gas exploration company.

When was Occidental Petroleum founded?

Occidental Petroleum was founded in 1920.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity9
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 11
  • M&A Advisors 4

Occidental Petroleum

Occidental Petroleum Corp.

5 Greenway Plaza Suite 110,
Houston, Texas 90024
United States,
(713) 215-7000
www.oxy.com

Occidental Petroleum 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 7 - - - 2 - 9
vol $61.3B $13.1B $74.4B
Sell (0.0/yr) # 4 - - - - - 4
vol $8.8B $8.8B
  13

Most Recent M&A

Company Date Value Type
CrownRock L.P. 2023-12-11 12.0B USD Add-on Acquisition
Midland, Texas · www.crownrocklp.com
Carbon Engineering Ltd. 2023-08-15 1.1B USD Add-on Acquisition
Vancouver, British Columbia · www.carbonengineering.com
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
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 5 (56%) 70.8B (95%) 2 (50%) 8.8B (100%)
Chemicals 2 (22%) 2.3B (3%) - -
Business Services 1 (11%) 250M (< 1%) 1 (25%) -
Environmental 1 (11%) 1.1B (1%) - -
Energy Services and Equipment - - 1 (25%) -
Total 9 $74.4B 4 $8.8B

By Geo

State/Country Buy Value Sell Value
United States 7 73.0B 3 -
  Texas 4 71.0B 1 -
  Connecticut 1 250M 1 -
  Pennsylvania 1 300M - -
  Oklahoma 1 1.4B - -
  California - - 1 -
South Africa 1 350M 1 8.8B
Canada 1 1.1B - -
  British Columbia 1 1.1B - -
Domestic 7 (78%) 73.0B (98%) 3 (75%) -
Cross-border 2 (22%) 1.5B (2%) 1 (25%) 8.8B (100%)
Total 9 $74.4B 4 $8.8B

Top M&A Advisors

Financial Deals
BofA Securities
2
Citigroup Investment Banking
1
Legal Deals
Cravath, Swaine & Moore
1
Latham & Watkins
1

Deal Values

buy # Total
> $1B 5 $73.5B
$100M to $1B 3 $900M
TOTAL $74.4B
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
Investor(s)
44%
4 (44%)
Strategic(s)
22%
2 (22%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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