Summary by Moomoo AI
Occidental Petroleum Corporation (Occidental) has completed its acquisition of CrownRock, L.P., a Delaware limited partnership, as of August 1, 2024. The acquisition was previously announced on December 10, 2023, and involved Occidental purchasing 100% of the issued and outstanding partner interests of CrownRock. Occidental filed a Current Report on Form 8-K on July 19, 2024, which included historical financial information of CrownRock and pro forma financial information reflecting the acquisition. The latest Form 8-K filing by Occidental provides updated financial information for CrownRock up to June 30, 2024, and includes unaudited condensed consolidated financial statements and notes. These documents have been filed as exhibits to the report and detail CrownRock's financial performance for the first half of 2024, including a net income of $616.071 million. The acquisition is part of Occidental's strategic expansion and is expected to enhance its portfolio and financial position.