Occidental sells Permian assets, raises $950 million for debt reduction
August 8, 2025
(World Oil) – Occidental has signed four agreements to divest select Permian basin assets, generating approximately $950 million in proceeds to support continued debt reduction. Between April and July 2025, the company completed multiple transactions totaling about $370 million, selling off non-core and select non-operated upstream assets in the Permian Basin that are not part of its near-term development strategy.
