Occidental Petroleum Corporation's Strategic Moves and Financial Overview

Occidental Petroleum Corporation (NYSE:OXY) sells its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion, aiming to enhance shareholder value and improve financial health.Roth Capital maintains a Neutral rating on OXY, with a slight increase in the price target to $46.The company's stock experienced a decrease of 3.95%, trading at $45.84, amidst broader strategic shifts and market fluctuations.Occidental Petroleum Corporation, trading as NYSE:OXY, is a major player in the oil and gas industr ...