Oxy may realize $4 to $6 billion from the sale of its Middle East assets. Bloomberg reports that Oxy CEO, Steve Chazen, pegs the value of their entire Middle East business at $20 billion, while the market values the same at $15 billion.
Oxy's Middle Eastern assets are valued at ~ $15 billion with the Idd El Shargi field in Qatar and the Mukhaizna field in Oman being the highest valued. Assuming a third of these assets are sold, this value may be realized.
Source: Rystad Energy
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