Occidental Enters Into ~$1.1B Agreement To Acquire Carbon Engineering
Portfolio Pulse from Benzinga Newsdesk
Occidental Petroleum Corporation (OXY) has entered into an agreement to acquire Carbon Engineering for approximately $1.1 billion. The deal is expected to enhance OXY's carbon capture capabilities and contribute to its sustainability goals.
August 15, 2023 | 8:16 pm
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The acquisition of Carbon Engineering by Occidental Petroleum Corporation is expected to enhance its carbon capture capabilities and contribute to its sustainability goals.
The acquisition of Carbon Engineering, a company specialized in carbon capture, will likely enhance OXY's capabilities in this area and contribute to its sustainability goals. This could potentially make OXY more attractive to environmentally conscious investors, potentially driving up its stock price in the short term.
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