U.S. pipeline operator Western Midstream Partners, LP (NYSE:WES) said on February 20, 2024 it has not launched a sale process nor has it engaged bankers or other advisors to do so. The company added that it cannot speak on the assets Occidental Petroleum Corporation (NYSE:OXY) might seek to divest. Shares of the pipeline operator were still halted.

Occidental owns 49% of Western Midstream and controls the company's operations by also owning its general partner.