Colombia's Ecopetrol In Talks With Occidental To Buy Stake In CrownRock
Portfolio Pulse from Benzinga Newsdesk
Colombia's state-owned oil company Ecopetrol is in discussions with Occidental Petroleum to acquire a stake in Crownrock, a significant player in the oil and gas sector.
July 19, 2024 | 1:29 pm
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Occidental Petroleum is in talks with Ecopetrol to sell a stake in Crownrock. This potential deal could influence OXY's stock price in the short term.
The potential sale of a stake in Crownrock to Ecopetrol could provide Occidental Petroleum with additional capital, potentially boosting investor sentiment and positively impacting OXY's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80