Skip to content
  1. Home
  2. News
  3. Vinson & Elkins Represents CrownRock in $1.72 Billion Secondary Stock Offering

Vinson & Elkins Represents CrownRock in $1.72 Billion Secondary Stock Offering

Deals & Cases
August 15, 2024
Deals & Cases
August 15, 2024

Vinson & Elkins LLP advised CrownRock Holdings, L.P. (“CrownRock”) in connection with CrownRock’s $1.72 billion underwritten secondary offering of 29,560,619 shares of common stock, par value $0.20 per share, of Occidental Petroleum Corporation (“Oxy”).

CrownRock received the shares as part of the consideration for the previously announced $12.4 billion sale of CrownRock, L.P. to Oxy on August 1, 2024. The secondary offering was conducted as a true bought deal with variable resale pricing. The investment banks were selected through a bid process, and the sale closed August 14, 2024.

The Vinson & Elkins team was led by partners Robert Kimball and Katherine Frank, with assistance from associates Madison Bertrand, Leah Powers, and Griff Kimball.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

For more information, please speak with our media contacts.

Key Contacts