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CM - Oxy & Western Midstream will consciously uncouple this year - January 2020



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Occidental Petroleum will make Western Midstream Partners a standalone business after a tumultuous 2019 that revolved around the purchase and integration of Western’s parent company, Anadarko Petroleum. Oxy will cut its majority stake in the MLP below 50% this year, facilitate the movement of employees onto new Western payrolls, gradually reduce administrative services and expand Western unitholders' rights to replace the general partner under an amended limited partnership agreement. Western is issuer of record......
 
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