Occidental Petroleum (OXY) stock climbs on $9.7B OxyChem sale to Berkshire as markets shut for weekend
NEW YORK, January 3, 2026, 05:50 ET — Market closed Occidental Petroleum shares ended Friday up 3.06% at $42.38 after the company completed a $9.7 billion all-cash sale of its OxyChem chemicals business to Berkshire Hathaway. A regulatory filing showed Occidental published unaudited pro forma financial statements, which adjust past results as if the sale and certain debt redemptions had already happened. The stock’s 52-week range is $34.78 to $53.20, according to the company’s investor site. Oxy The divestiture — the sale of a business — delivers a large cash inflow and reshapes Occidental into a tighter oil-and-gas story. That