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Occidental Petroleum Eyes $10 Billion Sale of OxyChem Division

9/28/2025

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Summary

Story summary

Occidental Petroleum is negotiating the sale of its OxyChem division, valuing it at least $10 billion.
The divestment is expected to be announced in coming weeks, timing dependent on avoiding last-minute hurdles.
Two sources familiar with the matter provided the details.
The Financial Times published the report on September 28, 2025.
Occidental Petroleum has not commented on the report.

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Story summary

Occidental Petroleum is negotiating the sale of its OxyChem division, valuing it at least $10 billion.
The divestment is expected to be announced in coming weeks, timing dependent on avoiding last-minute hurdles.
Two sources familiar with the matter provided the details.
The Financial Times published the report on September 28, 2025.
Occidental Petroleum has not commented on the report.