Occidental in talks to sell OxyChem unit for at least $10 billion, FT reports

Reuters
2025.09.28 15:57
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Sept 28 (Reuters) - Occidental Petroleumis 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.The divestment was likely to be announced in the coming weeks, provided it does not hit any last-minute hurdles, the report said, citing two people familiar with the matter.Reuters could not immediately verify the report. Occidental Petroleum did not immediately respond to a Reuters’ request for comment.

Sept 28 (Reuters) - Occidental Petroleum (OXY.N) 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.

The divestment was likely to be announced in the coming weeks, provided it does not hit any last-minute hurdles, the report said, citing two people familiar with the matter.

Reuters could not immediately verify the report. Occidental Petroleum did not immediately respond to a Reuters’ request for comment.

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