Occidental Petroleum Announces Sale of Hugoton Field Assets As Part of Company's Strategic Review; Price of Sale at $1.4B

Occidental Petroleum Corporation (NYSE: OXY ) today announced that it has reached a definitive agreement to sell its Hugoton Field assets to an undisclosed buyer for pre-tax proceeds of $1.4 billion. This sale was approved by the Board of Directors as part of Occidental's strategic review to streamline and