Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Value Of Oxy's Middle East Assets?

|Includes: Occidental Petroleum Corporation (OXY)

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

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.