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...BlackRock emphasised that it was putting money into the Occidental project because of the potential for significant returns....
...Vicki Hollub, Occidental chief executive, said the selection of Occidental’s project in Texas was an endorsement of the company’s “readiness, technical maturity and . . . ability . . . to move this technology...
...Occidental Petroleum in December said it had agreed to pay $12bn for CrownRock and this week APA said it would buy Callon Petroleum for $4.5bn. Most of the deals to date have been oil-focused....
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...At the heart of the intellectual property dispute is technology commercialised by Inpria, a chemical materials start-up spun out of Oregon State University that JSR acquired for $514mn in 2021....
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...Soon after, the pandemic struck, oil prices collapsed and a debt-laden Occidental was plunged into crisis....
...The stake increase is the latest twist in a long-running saga that has pitted Tronchetti Provera against China’s communist party and state-owned chemicals giant Sinochem....
...Koch Industries, Occidental Petroleum and Norway’s Equinor have been exploring a move into the battery metal....
...DIC Corp, a lossmaking, heavily indebted chemicals company, owns the museum and an unstated proportion of this collection....
...The machines themselves are also becoming more sophisticated, able to handle an increasing number of tasks, such as painting, welding, quality inspection and handling dangerous chemicals....
...It would be the largest in the US oil industry for at least four years, when Occidental Petroleum in 2019 bought rival Anadarko Petroleum for $55bn after outbidding Chevron in an epic corporate battle....
...Conoco, Occidental Petroleum, Devon Energy and Marathon Oil have all been mooted as possible buyers....
...Need to know: Global economy Warren Buffett-backed Occidental Petroleum has agreed to acquire CrownRock, one of the most sought-after private oil producers in the US shale patch, for $12bn....
...How the ‘dumbest deal in history’ actually paid off When Occidental Petroleum boss Vicki Hollub orchestrated a $10bn financing deal with Warren Buffett to buy Anadarko Petroleum in April 2019, it flabbergasted...
...Ian Hansen, head of the chemicals division of Perth-based retail-to-chemicals conglomerate Wesfarmers, which has partnered with SQM on lithium assets, said the recent flurry of activity represented a “growing...
...Today Occidental is the second biggest oil and gas producer in the US’s prolific onshore oilfields....
...Dealmakers said groups including Occidental Petroleum, ConocoPhilips and Marathon Oil could be among the next to make a move....
...These include US chemicals group Albemarle. The world’s leading lithium producer is closing in on an all-cash deal for Australia’s Liontown Resources....
...China hawks in the US Congress question the logic of banning the transfer of certain tools but selling the chemicals needed to operate them....
...Large German chemical groups such as BASF, Evonik and Covestro have likewise in recent months warned of slowing demand for consumer goods, as they have reported severe slumps in sales of chemicals that go...
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