Western Midstream Partners, LP (NYSE:WES) Q4 2023 Earnings Call Transcript
Operator: Good afternoon. My name is Shiloh [ph] and I'll be your conference operator today.
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Operator: Good afternoon. My name is Shiloh [ph] and I'll be your conference operator today.
Two days ago, MDN told you about the rumor that Occidental Petroleum is considering a sale of its majority share in Western Midstream Partners for $20 billion, looking to work down a big pile of debt (see Sources: Occidental Looking to Sell Its Share of Western Midstream). That post was mainly about the dispute over
While the upstream mega deals in the U.S. shale patch have been drawing the most market attention, pipeline operators are also embarking on a merger spree
Occidental is hoping to avoid repeating its past mistakes.
Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of close to $20 billion, including debt, according to people familiar with the matter.