Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Occidental Petroleum is considering selling its petrochemicals business if offered the right price. OXY has been steadily raising cash through asset sales. Rumors suggest Berkshire Hathaway may be the buyer.
The oil and gas producer is in talks to sell its OxyChem business for at least $10 billion, says a report.
Occidental Petroleum is negotiating the sale of its OxyChem division, a transaction that could value the unit at a minimum of $10 billion, the Financial Times reported on Sunday.
Occidental Petroleum (OXY) reached $47.19 at the closing of the latest trading day, reflecting a -1.19% change compared to its last close.
OXY's $7.5 billion debt cut, lower interest costs and asset sales boost flexibility and support growth prospects in energy and low-carbon projects.
Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Occidental's Permian strength, debt cuts, and global assets support growth, but commodity risks can weigh on OXY shares.
OXY's strong U.S. asset base from the Permian to the Gulf of America underpins cash flow stability and long-term growth prospects.
Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Occidental Petroleum is shifting focus from acquisitions to maximizing profitability and prioritizing debt reduction. Management's operational improvements and cost structure changes position OXY for future outperformance. Debt reduction remains a key market concern.
Occidental Petroleum Corporation (NYSE:OXY ) Q2 2025 Earnings Conference Call August 7, 2025 1:00 PM ET Company Participants Kenneth Dillon - Senior VP and President of International Oil & Gas Operations R. Jordan Tanner - Vice President of Investor Relations Richard A.