Occidental Weighs a $10 Billion Sale of Its Petrochemicals Division

Occidental Weighs a $10 Billion Sale of Its Petrochemicals Division

Occidental Petroleum is reportedly in talks to divest its petrochemicals division, OxyChem, in a deal that could be worth up to $10 billion and would create one of the largest independent petrochemicals companies in the world. The Financial Times wrote, citing unnamed sources in the know, that the deal could be wrapped up within a few weeks unless it hits a snag at the last moment, with the sources saying the talks could still fall through. “The…

Occidental Petroleum in Talks to Sell OxyChem Unit, FT Says

(Bloomberg) — Occidental Petroleum Corp. is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday.

Occidental in talks to sell petrochemical business for $10 billion: FT

Occidental in Talks to Sell OxyChem Petrochemical Unit, FT Says

Occidental Petroleum Corp. is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday.

Occidental Petroleum in talks to sell OxyChem unit for at least $10 billion – Oil & Gas 360

(World Oil) – Occidental Petroleum Corp. is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter that it didn’t identify. The potential buyer couldn’t immediately be determined

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

Occidental Petroleum is negotiating the sale of its OxyChem division, a transaction that could value the unit at a minimum of $10 billion.