Occidental Petroleum Corporation (NYSE:OXY) warned shareholders that it may not be able to sell its assets quickly enough to pay back debt incurred after its high-profile takeover in 2019 of Anadarko Petroleum Corporation. OXY was planning to sell $15 billion of assets by late 2021 to quickly repay investors who funded its $38 billion Anadarko acquisition in August 2019. Instead, OXY was forced to write down the value of its holdings by $1.4 billion.

OXY is soliciting bids for Anadarko Petroleum Corporation oil and gas properties in Wyoming, and hinted it is open to selling oil and gas projects in the North African country of Algeria. Oxy may ultimately be forced to sell its most prized acreage in West Texas and Colorado. Chief Executive Officer Vicki Hollub said, "The Permian assets gather the most interest with potential buyers out there".