Climate Power Slams Occidental’s Acquisition of CrownRock

Occidental to Spend $12 Billion to Expand in Permian Basin, Following Exxon’s and Chevron’s Lead

 

Washington, D.C. – Today, Occidental announced a $12 billion deal to acquire CrownRock, a private oil operation in the Permian basin. The news comes after Exxon announced its purchase of Pioneer Energy and Chevron announced a $53 billion merger with Hess. In response to the news, Climate Power senior advisor for oil and gas, Alex Witt, released the following statement: 

“Big Oil CEOs continue to show they just don’t care about the costly and dangerous impact their industry has on our economy, health, and climate. Occidental is following in the footsteps of industry big bros, Exxon and Chevron, to deepen its holdings in the Permian Basin and further tie the U.S. energy industry to oil and gas. Oil and gas executives are putting profits over our health and condemning Americans to price gouging at the pump. As long as Republicans in Congress take their money and do their bidding, oil giants like Exxon, Chevron, and Occidental will keep crossing the line.”