Summary by Futu AI
Occidental Petroleum Corporation, along with its subsidiaries and related entities, has filed an amendment to its Schedule 13D with the SEC, detailing a secondary offering of common units in Western Midstream Partners, LP. The amendment, dated August 14, 2024, reports that Occidental Petroleum, through various entities, beneficially owns a significant portion of Western Midstream Partners, amounting to 43.5% of the class. The filing includes an underwriting agreement with Barclays Capital Inc., where 14,139,260 and 4,860,740 common units were sold by WGR Asset Holding Company LLC and Anadarko USH1 Corporation, respectively, at $35.75 per unit. An additional 2,850,000 common units were also granted as an option to the underwriter, which was partially exercised, resulting in the sale of 5,360,740 common units by Anadarko USH1 Corporation. The entities involved have agreed to a...Show More