Occidental Petroleum Stock Is Rising. Here's Why.

Core Viewpoint - The oil and gas producer is reportedly in discussions to sell its OxyChem business for a minimum of $10 billion [1] Group 1 - The potential sale of the OxyChem business indicates a strategic move by the company to focus on its core operations in the oil and gas sector [1] - The expected valuation of at least $10 billion highlights the significant worth of the OxyChem division within the company's overall portfolio [1]