Occidental Petroleum's Risky CrownRock Deal Raises Investor Concerns
Originally Published 2 years ago — by The Texas Tribune
Tim Dunn, a billionaire GOP donor and influential figure in Texas politics, has sold his oil company, CrownRock L.P., for approximately $12 billion to Occidental Petroleum Corp. The sale comes amidst consolidation in the Permian Basin and Dunn's significant financial support for far-right political movements and candidates. Dunn's political influence has been instrumental in shaping conservative policies in Texas, and with his increased wealth, he is expected to further amplify his ideological agenda within the GOP.