Tuesday, June 16, 2026
Oxy selling stake in Plains All American for $650M - oil and gas 360

Oxy selling stake in Plains All American for $650M

Source: Houston Chronicle As Occidental Petroleum seeks to trim down after buying Anadarko Petroleum for $30 billion, the company said it would sell its stake in Plains All American Pipeline for $650 million. Oxy placed its stake in Plains and the parent Plains GP Holdings up for sale on public markets after owning a position in the Houston oil pipeline