Occidental Petroleum stock rises after $9.7 billion OxyChem sale — what traders watch next
Occidental Petroleum closed the $9.7 billion sale of its OxyChem unit to Berkshire Hathaway, netting about $7.75 billion after taxes, according to an SEC filing. The company redeemed $6.5 billion in debt and will report OxyChem as discontinued operations from Q4 2025. Occidental shares rose 3.1% to $42.38. Chevron and Exxon Mobil also gained in Friday trading.