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Why Occidental Petroleum Is Selling Shares of This 9.5%-Yielding Dividend Stock

The Motley Fool
Summary
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76% Informative

Occidental Petroleum recently closed its $12 billion acquisition of CrownRock .

The oil company plans to repay at least $4.5 billion of debt within 12 months of closing the deal.

Occidental is pivoting by selling some of its interest in Western Midstream Partners .

The company has already made some progress on that plan.

The Motley Fool Stock Advisor analyst team identified what they believe are the 10 best stocks for investors to buy now and Occidental Petroleum wasn’t one of them.

The 10 stocks that made the cut could produce monster returns in the coming years .

Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 668,029 !.

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