Occidental Petroleum stock rises premarket: OXY climbs after $9.7B OxyChem sale — what investors watch next
NEW YORK, Jan 5, 2026, 04:57 ET — Premarket Occidental Petroleum Corp shares rose 1.7% in U.S. premarket trading on Monday, as investors continued to digest the company’s $9.7 billion sale of its chemicals business and looked for clues on how the cash will be deployed. Public The deal matters now because it sharpens Occidental’s focus on its oil-and-gas operations at a time when crude prices are struggling to find direction. The sale also gives management room to address leverage and shareholder returns — two themes that have dominated the stock’s debate since the company’s debt-heavy expansion in recent years.