Occidental Tries to Be Like Devon and ConocoPhillips

If you can't beat 'em, join 'em.

This seems to be the strategy behind the recent moves made by Occidental Petroleum to unload some of its international assets as well as its holdings in Plains GP Holdings; because it looks very similar to the moves both Devon Energy and ConocoPhillips have made in the past couple of years.  

The reason that Devon and ConocoPhillips could successfully shift away from their international assets is because they both had plenty of development projects here in the U.S., but does Occidental have the ability to do the same? Tune into the video below where Fool.com contributor Tyler Crowe discusses whether Occidental can make it work and one lingering question that might make investors in Occidental scratch their heads. 


Who Will Join Devon in Dominating the American Energy Boom?
Devon is carving out a position as a top American energy company, but they aren't alone. The transformation of the American energy space is creating investment opportunities everywhere, but picking the right ones will mean the difference between a flash in the pan and a long term jewel. For this reason, we have put together comprehensive look at three energy companies set to soar during this transformation in the energy industry. Find out which two companies have joined Devon on our list of companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable investing resource. 

The article Occidental Tries to Be Like Devon and ConocoPhillips originally appeared on Fool.com.

Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter: @TMFDuffy and @TylerCroweFool, respectively.  The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Asset Allocation

Learn the most important step in structuring an investment portfolio.

View Course »

Bonds for Beginners

Learn about fixed income investments.

View Course »

Add a Comment

*0 / 3000 Character Maximum