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Occidental Petroleum Is 85% of the Way Toward Achieving This Crucial Goal

The Motley Fool

However, it also loaded the company with debt. billion of CrownRock's existing debt. The oil company plans to significantly reduce its debt in the coming years to ease the potential pressure on its balance sheet. Lightning quick progress on its plan Occidental Petroleum set a target of reducing its debt principal by at least $4.5

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Why Occidental Petroleum Is Selling Shares of This 9.5%-Yielding Dividend Stock

The Motley Fool

However, the oil stock took on a boatload of debt to close the deal (it issued $9.1 billion of new debt while also assuming $1.2 billion of CrownRock's existing debt). Because of that, the company's near-term focus is on paying down its debt as fast as possible. Those sales will give it $970 million to repay debt.

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Occidental Petroleum Is Making Sure It Doesn't Repeat Its Past Mistakes

The Motley Fool

The oil company is taking steps to ensure it doesn't repeat its past mistakes by selling assets before closing its CrownRock transaction. billion of new debt to fund the deal and assume $1.2 billion of CrownRock's debt. billion in debt within 12 months of closing the CrownRock deal. Occidental has targeted to sell $4.5

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Verizon Makes a $3.3 Billion Deal to Help Protect Its Towering Dividend

The Motley Fool

One factor driving its elevated yield is concerns that the company's hefty debt level might impact its ability to sustain that payout over the long term. The company's debt is on track to balloon further after it agreed to buy Frontier Communications (NASDAQ: FYBR) in a $20 billion all-cash deal. billion of total debt (and $122.8

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Here's the Average Net Worth for People in Their 30s -- and 8 Ways You Can Boost Yours

The Motley Fool

But you may also be struggling under the weight of a lot of debt that could limit your ability to grow your wealth. Here's how much the average adult in their 30s is worth Net worth is simply a measure of your assets minus your liabilities. Liabilities are debts, like mortgages , auto loans, personal loans, and credit card debt.

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The Truth About Small Business Loans: Why Fear Could Be Costing You Millions

The Motley Fool

Image source: Getty Images Americans have a lot of misunderstandings about debt, especially when considering small business loans. Small business loan debt is a tool Too often, Americans think that being in debt is some kind of moral failing or weakness. But debt is not inherently bad or good -- debt is a tool.

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Here's Why I Think Bitcoin Is Grossly Undervalued at Current Prices

The Motley Fool

One is the massive wealth transfer that will occur as younger generations, more comfortable with digital assets, inherit a total of trillions of dollars from their predecessors. Unlike older generations, millennials and Gen Zers are more inclined to invest in decentralized digital assets like Bitcoin, which could drive significant demand.

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