Occidental Planning to Sell Bonds in Up to Five Parts (1)

Oil giant Occidental Petroleum Corp.is planning to sell bonds in as many as five parts to help fund its planned acquisition of CrownRock LP, according to a filing on Friday.

The energy company has asked banks to arrange calls with investors on Monday to discuss the offering, according to a person with knowledge of the matter. That makes it a candidate to sell debt as soon as Tuesday.

Proceeds from the sale will support Occidental’s purchase of CrownRock, another oil producer, and related refinancing transactions. The offering is not contingent on the completion of the acquisition, but if ...