Western Midstream Cancels 15.3 Million Units to Reduce Occidental Stake

Reuters01-20 20:02

Western Midstream Cancels 15.3 Million Units to Reduce Occidental Stake

Western Midstream Partners LP announced the redemption and cancellation of 15.3 million common units, which were transferred from Occidental Petroleum Corporation to WES. This transaction will reduce Occidental’s ownership in WES from approximately 42 percent to approximately 40 percent. The unit redemption is part of a broader set of transactions, including the amendment of natural-gas gathering and processing contracts with Occidental in the Delaware Basin and the establishment of new agreements with ConocoPhillips for natural-gas volumes under a new dedication arrangement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Midstream Partners LP published the original content used to generate this news brief via PR Newswire (Ref. ID: DA66139) on January 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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