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.
Who Will Join Devon in Dominating the American Energy Boom?
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