OXY-Clean: Buffett's Favourite Oil Rig Scrubs $6 Billion In Debt Off The Books

• Occidental Petroleum stock is among today’s top performers. Why are OXY shares rallying?Occidental shares surged in investor attention after the company completed the sale of its OxyChem division to Berkshire Hathaway for $9.7 billion. As it reported its fourth quarter earnings, Occidental revealed it used the proceeds to cut roughly $5.8 billion in debt, bringing its principal debt down to about $15 billion and materially strengthening its balance sheet.Occidental Slashes Debt With Berkshire DealThe cle ...