Deals
Occidental Mulls Sale of Anadarko's Western Stake
- Adviser helping find buyer for stakes in pipeline operator
- Occidental struck $38 billion agreement for Anadarko in May
This article is for subscribers only.
Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter.
Occidental is working with a financial adviser to solicit offers for half of Anadarko’s interest in Western Midstream and Western Midstream’s general partner, or management entity, said the people, who asked to not be identified because the matter isn’t public.