Moody's Ratings assigns Baa3 ratings to Occidental Petroleum's proposed senior notes
Moody's Ratings (Moody's) assigned Baa3 ratings to Occidental Petroleum Corporation's ("OXY") proposed offering of senior unsecured notes. Proceeds from the notes will be used to partially finance the pending CrownRock, L.P. acquisition, refinance CrownRock's notes due 2025 and satisfy an exchange o...Occidental Petroleum has three reporting segments: oil and gas, which explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas; chemical, which mainly manufactures and markets basic chemicals (chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates and calcium chloride) and vinyls (vinyl chloride monomer, polyvinyl chloride and ethylene); and marketing and midstream, which purchases, markets, gathers, processes, transports and stores oil, condensate, NGL, natural gas, carbon dioxide and power.
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