Occidental Petroleum (OXY -2.6%) reportedly is among those vying for Yates Petroleum, one of the...

|About: Occidental Petroleum Corpor... (OXY)|By:, SA News Editor

Occidental Petroleum (OXY -2.6%) reportedly is among those vying for Yates Petroleum, one of the largest closely held oil companies in the U.S., in a deal that could fetch as much as $3B. Yates, with oil fields in New Mexico's Permian Basin and elsewhere in the U.S., is trying to sell itself before the year ends in an effort to avoid higher taxes on transactions anticipated next year.