Occidental Petroleum Announces Sale of Interest in BridgeTex Pipeline Generating Proceeds of $1.15 Billion
HOUSTON–(BUSINESS WIRE)–Occidental Petroleum Corporation (NYSE: OXY) today announced the entrance into an agreement with Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings, L.P. (PAGP) to sell its 50 percent interest in BridgeTex Pipeline Company, LLC (BridgeTex) to PAA for $1.075 billion. BridgeTex, a company jointly owned by Occidental …