OCCIDENTAL PETROLEUM CORP /DE/ 4
4 · Western Midstream Partners, LP · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Western Midstream (WES) 10% Owner Occidental Disposes 15.3M Units
What Happened
- Occidental Petroleum (reported as a 10% owner) — through its indirect subsidiary Western Gas Resources, Inc. (WGRI) — transferred/surrendered 15,307,402 common units of Western Midstream Partners, LP to the partnership on Feb 3, 2026.
- The filing reports the disposition as transaction code (J) "other acquisition or disposition" under a Unit Redemption Agreement dated Jan 16, 2026. No per-share price or cash amount is reported (N/A), so no dollar value is disclosed.
- This was a corporate/unit redemption/transfer tied to amendments to operating agreements, not an open-market sale by an executive.
Key Details
- Transaction date: Feb 3, 2026 (Unit Redemption Agreement entered Jan 16, 2026). Filing date: Feb 5, 2026 (timely).
- Transaction type/code: Other acquisition/disposition (J); 15,307,402 common units surrendered/transferred; price reported as N/A (no cash amount disclosed).
- Shares owned after transaction: WGRI holds 140,912,118 common units; APC Midstream Holdings, LLC holds 457,849 units; Anadarko USH1 Corporation holds 9,004,209 units (per filing footnote).
- Notable: WGRI is the sole member of Western Midstream Holdings, LLC (the 2% economic general partner). Multiple Occidental-related entities concurrently filed Form 4s to disclose this transaction.
Context
- This is an institutional/affiliate transaction by a 10% owner and related subsidiaries — a structural corporate action (unit redemption) rather than routine insider buy/sell activity. Such redemptions often reflect agreement changes or reorganizations and should not be read as a straightforward bullish or bearish signal by insiders.
- No price or proceeds were reported in the Form 4, so market-value impact cannot be determined from this filing alone.
Insider Transaction Report
Form 4
OCCIDENTAL PETROLEUM CORP /DE/
10% Owner
Transactions
- Other
COMMON UNITS (LIMITED PARTNER INTERESTS)
[F1][F2][F3][F4]2026-02-03−15,307,402→ 150,374,176 total(indirect: See Footnotes)
Footnotes (4)
- [F1]On January 16, 2026, Western Gas Resources, Inc. ("WGRI") entered into a Unit Redemption Agreement with the Issuer and the other parties thereto, pursuant to which WGRI transferred and surrendered on February 3, 2026 an aggregate of 15,307,402 common units representing limited partner interests in the Issuer (the "Common Units") to the Issuer in connection with certain amendments to existing operating agreements, as described in the Unit Redemption Agreement.
- [F2]Following the transaction reported herein, WGRI holds 140,912,118 Common Units, APC Midstream Holdings, LLC ("APCMH") holds 457,849 Common Units and Anadarko USH1 Corporation ("AUSHI") holds 9,004,209 Common Units. WGRI also is the sole member of Western Midstream Holdings, LLC, the 2% economic general partner of the Issuer.
- [F3]OXY USA Inc. ("OXY USA") is a wholly owned subsidiary of Occidental Petroleum Corporation ("Occidental"). OXY USA owns 100% of the outstanding common stock of OXY Oil Partners, Inc. ("OOP"). OOP owns 100% of the outstanding common stock of Baseball Merger Sub 2, Inc. ("BMS").
- [F4]Anadarko Petroleum Corporation ("APC") is a wholly owned subsidiary of BMS. APC owns (i) 100% of Anadarko Holding Company ("AHC") and (ii) indirectly, 100% of the common stock of WGRI and Kerr-McGee Corporation ("KMG"). WGRI is the sole member of APCMH. KMG and AHC together own 100% of the common stock of Kerr-McGee Worldwide Corporation ("KMWW"), and APC and KMWW together indirectly own 100% of the common stock of AUSH1. Accordingly, OXY USA, OOP, BMS, APC, AHC, WGRI, AUSH1, KMG, APCMH and KMWW are all direct or indirect wholly owned subsidiaries of Occidental.