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 (NYSE: OXY  ) 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 (NYSE: DVN  ) and ConocoPhillips (NYSE: COP  ) 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. 

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  • Report this Comment On October 26, 2013, at 2:04 PM, ferdiefor wrote:

    Devon also formed an MLP JV with Crosstex this last week and that will allow Devon to monetize its midstream assets. In addition, Devon and Crosstex will develop almost all of Devon's future midstream needs within the MLP saving Devon from having to incur those costs for themselves leaving more money for E&P.

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