Hess, Occidental Petroleum Agree to $600 Million Deal in Permian Basin

SUGAR LAND--June 21, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Hess Corporation (NYSE:HES) (New York, New York) has agreed to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE:OXY) (OPC) (Houston, Texas) for $600 million. Both companies see the deal as a doorway to new growth opportunities. Industrial Info is tracking $8.25 billion in active projects involving Hess and $1.31 billion involving OPC.

Within this article: Details on Hess and OPC's active projects in various areas and industries.

Other companies featured: ExxonMobil Corporation (NYSE:XOM), Magellan Midstream Partners LP (NYSE:MMP)