05:24 PM EDT, 08/12/2024 (MT Newswires) -- Occidental (OXY) late Monday disclosed plans for a secondary offering of nearly 29.6 million common shares held by former investors in CrownRock Holdings.

CrownRock was an independent oil and natural gas producer that was acquired by Occidental earlier in August for $12 billion.

Occidental is not offering any stock for sale and will not receive any proceeds from the secondary offering by CrownRock investors.

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