Occidental Petroleum (OXY) Stock Update: Price, Berkshire’s OxyChem Deal, 2026 Outlook, Analyst Forecasts, and What Investors Should Watch Next
Occidental Petroleum (OXY) closed at $39.85, down 0.38%, as the NYSE remains shut for the weekend. The company recently agreed to sell its OxyChem unit to Berkshire Hathaway for $9.7 billion, with $6.5 billion earmarked for debt reduction. OXY shares remain well below their 52-week high of $53.20, trading in line with oil price movements and balance sheet concerns.