Is Western Midstream owned by Oxy?
Western Midstream Partners (NYSE: WES) is not wholly owned as a private subsidiary by Occidental Petroleum Corporation (Oxy), though Oxy maintains a substantial equity ownership stake and exercises significant influence. Western Midstream operates publicly as a master limited partnership traded on the New York Stock Exchange, meaning thousands of public unit holders and institutional investors own shares. Occidental Petroleum acquired its major position through its corporate takeover of Anadarko Petroleum, which originally formed the midstream entity. Oxy's subsidiary acts as the general partner, and Occidental holds a large percentage of the common units, while the remaining significant portion floats freely on public markets.
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