Occidental Petroleum Corp. is examining ways to lessen its roughly $40 billion debt load following a historic plunge in oil prices and an ill-timed acquisition, which have put the Texas energy producer on shaky footing. Occidental recently tapped boutique investment bank Moelis & Co. for advice on how to ease the burden of its liabilities at a time when its revenue is under severe pressure, according to people familiar with the matter.

Source: Wall Street Journal May 05, 2020 19:04 UTC