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Tag: Occidental Petroleum

Apache share surges on takeover report disavowed by Occidental

Posted: May 19, 2016 at 2:26 pm   /   Oil & Gas

Apache Corp. jumped as much as 5.6 percent Wednesday after a website reported Occidental Petroleum Corp. planned to acquire the oil and gas explorer. Occidental said it didn’t know anything about the report. Apache shares settled up 2.7 percent Wednesday at $56.61 after earlier reaching $58.21, the highest since July 1. The Houston-based company has […]

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Occidental denies takeover bid for Apache

Posted: May 18, 2016 at 8:33 pm   /   Oil & Gas

Shares of U.S. independent oil and gas producer Apache Corporation rose more than 3 percent early on Wednesday to $56.84 each, partly on an unverified report it was the takeover target of Occidental Petroleum Corporation. Occidental said it had no knowledge of any pending transaction, while Apache declined to comment on what it called rumors. […]

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Apache set to be acquired by Occidental Petroleum in $25 billion deal

Posted: May 18, 2016 at 4:36 pm   /   Oil & Gas

Occidental Petroleum (OXY) are about to announce they are taking over Apache Corporation in a deal thought to be worth at least $25 Billion. Apache Corporation are expected to announce the takeover to their staff shortly. Occidental Petroleum (OXY) is a US-based oil & gas company producing over 650,000 barrels of oil equivalent per day […]

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