Warren Buffett-backed US oil giant strikes $12bn deal to buy shale driller
A US oil giant backed by Warren Buffett has struck a $12bn (£9.5bn) deal to buy a Texas shale driller in the sector’s latest megamerger. Occidental Petroleum, backed by Mr Buffett’s conglomerate Berkshire Hathaway, has agreed to buy CrownRock in a debt-fuelled deal. CrownRock is one of the last…
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