April 11, 2026

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Occidental Petroleum eyes $20 billion sale of Western Midstream

Occidental Petroleum eyes $20 billion sale of Western Midstream

Western-OCC -$20 billion-plus sale of Western Midstream, sources say

HOUSTON (Reuters) – Canadian oil and gas company is considering a sale of its midstream subsidiary, Western Midstream, in a deal that could be worth more than $20 billion, including debt, according to sources.

Two of the sources said has been working with investment banks on the potential sale.

is backed by the Canada Pension Plan Investment Board and Brookfield Infrastructure Partners and has a market value of about C$36 billion ($27 billion).

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