Core Viewpoint - Occidental Petroleum Corporation is actively considering the sale of its OxyChem division, which could be valued at a minimum of $10 billion, potentially impacting its financials and market perception significantly [2][4]. Group 1: Company Overview - Occidental Petroleum Corporation (NYSE:OXY) is a major player in the oil and gas industry, focusing on exploration and production, while also engaging in chemical manufacturing through its OxyChem division [1]. - As of September 29, 2025, the stock was trading at $47.47, with a price target set at $48 by Barclays, indicating a slight difference of 1.12% [1]. Group 2: Financial Metrics - The company's market capitalization is approximately $46.73 billion, showcasing its substantial presence in the industry [3]. - The stock has shown volatility over the past year, with a 52-week high of $56.49 and a low of $34.78 [3]. - Recent trading activity indicates a price change of $0.485, marking a 1.03% increase, with a trading range between $46.97 and $48.51 [2][3]. Group 3: Strategic Developments - The potential sale of the OxyChem division could provide significant capital for Occidental, which may influence its stock price and overall market strategy [4]. - Investor interest appears to be active, with a trading volume of 9,374,487 shares, likely influenced by the ongoing discussions regarding the OxyChem sale [3].

Occidental Petroleum (NYSE:OXY) is negotiating the sale of its OxyChem division in a deal that could exceed $10 billion, the Financial Times reported Sunday. If completed, the transaction would mark Occidental’s (NYSE:OXY) largest divestiture to date and create one ...

Core Viewpoint - Occidental Petroleum is in negotiations to sell its OxyChem division, with a potential valuation of at least $10 billion [1] Company Summary - The sale of the OxyChem division indicates Occidental Petroleum's strategic move to optimize its portfolio and focus on core operations [1] - The transaction could significantly impact Occidental's financial standing, providing capital for further investments or debt reduction [1] Industry Summary - The chemical industry is experiencing consolidation, and this potential sale aligns with broader trends of companies divesting non-core assets to enhance operational efficiency [1] - Valuations in the chemical sector remain robust, as evidenced by the anticipated $10 billion valuation for OxyChem, reflecting strong market demand [1]