Occidental Petroleum shares rise 1.08% intraday after Enterprise Products Partners acquired its natural gas gathering affiliate for $580 million.
ByAinvest
Monday, Aug 25, 2025 3:35 pm ET1min read
OXY--
Occidental Petroleum Corporation rose 1.08% in intraday trading, with the company completing the acquisition of a natural gas gathering affiliate in the Midland Basin for $580 million in cash. This acquisition includes certain natural gas gathering systems and approximately 200 miles of natural gas gathering pipelines, expanding Enterprise's natural gas gathering footprint in the Midland Basin and providing long-term development visibility.
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