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ExxonMobil is planning to increase its share buybacks to $20 billion, up from $17.5 billion, and spend between $23 billion to $25 billion on capital projects next year. The company is also ramping up its crude production in the US Permian Basin. On the other hand, Occidental Petroleum has agreed to acquire CrownRock for $12 billion, which will expand its operations in the Permian region. The acquisition will be financed through the issuance of $9.1 billion in debt and $1.7 billion in common stock. Additionally, Occidental is increasing its quarterly dividend to 22 cents per share from 18 cents per share.
Occidental Petroleum to expand Permian ops with $12 billion deal for CrownRock https://t.co/YjsXyfWi7q
Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/8bGCASpUKS https://t.co/yRLE0GpoZl
$OXY (-0.8% pre) Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend - CNBC https://t.co/bqbaOjnlGh
Occidental has signed a $12 billion cash-and-stock deal to acquire the oil and gas producer CrownRock https://t.co/LgQ3AngqfT https://t.co/LgQ3AngqfT
Occidental to Buy Permian Explorer CrownRock for $12 Billion: BBG
Occidental to Buy Permian Basin Oil Producer CrownRock for $12 Billion https://t.co/f2IK6R8KzT
JUST IN: Occidental reaches deal to acquire Texas shale driller CrownRock for about $12 billion https://t.co/tHXeYNRpy9 https://t.co/OUuKcWaY2w
JUST IN: Occidental reaches deal to acquire Texas shale driller CrownRock for about $12 billion https://t.co/alWCxH3QyA https://t.co/PcENfSv8pk
More #Oil deals! $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals! $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkQe1N
More #Oil deals! $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals…… $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals…… $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals…… $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkQe1N
Occidental reaches deal to acquire Texas shale driller CrownRock for about $12 billion https://t.co/CayU3RIrOq
Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lqrywTzZtS
$OXY Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend Occidental will issue $9.1 billion in debt and about $1.7 billion in common stock to finance the transaction. Separately, Occidental said it is raising its quarterly dividend to 22 cents…
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend https://t.co/DB1ploytix
Occidental Petroleum $OXY just agreed to acquire privately held CrownRock for $12 billion Occidental also said it's raising its quarterly dividend up to $0.22 per share from $0.18 per share starting next year
Exxon Hikes Buybacks 14%, Will Buy Back $20 Billion In Stock Next Year https://t.co/uOjUUdkO2c
Exxon Increases Buybacks. The Stock Is Rising. https://t.co/XevcL9HGlh
EXXON MOBIL BOOSTS SHARE BUYBACKS AS HUNT FOR MORE OIL ACCELERATES Exxon $XOM will repurchase $20 billion of stock next year up from $17.5B Exxon said it plans to spend between $23 billion to $25 billion on capital projects next year (Its 2023 budget was ~$25B)
EXXON MOBIL BOOSTS SHARE BUYBACKS AS HUNT FOR MORE OIL ACCELERATES Exxon $XOM will repurchase $20 billion of stock next year up from $17.5B Exxon said it plans to spend between $23 billion to $25 billion on capital projects next year (It's 2023 budget was ~$25B)
Exxon plans to raise share buybacks as the oil giant accelerates crude production in the US Permian Basin https://t.co/eYDQ2gwnOY
“oil and gasoline prices are not rising ‘because giant oil companies like Chevron and ExxonMobil enjoy doubling their profits.’ If oil companies could control prices they would have done so during often-unprofitable 2015-2020.” https://t.co/owSc1ZCB2h