Summary by Futu AI
Occidental Petroleum Corp has completed a significant sale of its holdings in Western Midstream Partners, LP. On August 14, 2024, the company disposed of 19,500,000 common units, which are limited partner interests, at a price of $35.75 per unit. The transaction resulted in a total market value of approximately $697.13 million. Following this sale, Occidental Petroleum's indirect beneficial ownership in Western Midstream Partners stands at 165,681,578 common units.