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NEW YORK (AP) -- Plains All American Pipeline LP said Thursday that it plans to buy Occidental Petroleum Corp.'s 50 percent stake in a pipeline company for $1.075 billion.
The company, BridgeTex Pipeline Co., is jointly owned by Houston-based Occidental and Magellan Midstream Partners LP and operates a pipeline that stretches from west Texas to the Houston Gulf Coast area. It transports 300,000 barrels per day of crude oil.
As part of the deal, Magellan will also buy a 40-mile stretch of the pipeline for $75 million from Occidental.
Shares of Plains All American fell $1.51, or 2.8 percent, to $52.82 in afternoon trading Thursday. Occidental shares fell 92 cents, or 1.1 percent, to $85.55. Magellan shares slipped 36 cents to $83.66.
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Occidental Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Occidental Petroleum est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 51,8 milliards US$ (48,4 milliards €). La valeur de son action a atteint son plus haut niveau récent le 16 mars 2012 à 99,99 US$, et son plus bas niveau récent le 16 octobre 2020 à 10,00 US$. Occidental Petroleum possède 764 580 032 actions en circulation. |