List of Flash News about Occidental Petroleum
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2025-09-28 19:27 |
Occidental Petroleum (OXY) in Talks to Sell OxyChem for $10B+ — Financial Times Report Flags Portfolio-Shift Catalyst
According to @StockMKTNewz, Occidental Petroleum (OXY) is in talks to sell its OxyChem petrochemicals business in a deal that could exceed $10 billion, source: Financial Times. OxyChem is Occidental’s chemicals segment and a distinct reporting unit, so a divestiture would reshape OXY’s portfolio mix, source: Occidental Petroleum 2023 Form 10-K. The report indicates negotiations are ongoing with no signed agreement disclosed; traders should watch for headline confirmation, pricing, and use-of-proceeds details that typically drive first-day price action, source: Financial Times. The report does not cite any direct cryptocurrency exposure or tokenization angle, source: Financial Times. |