Occidental Petroleum, headquartered in Houston, Texas, explores and produces oil and natural gas, employing 12,570 people and operating in the Permian, DJ basins, and Gulf of Mexico. The company has three segments: oil and gas, chemicals, and midstream and marketing.
OXY has been in the news recently: Occidental Petroleum Corporation is reportedly close to finalizing a $10 billion sale of its OxyChem petrochemicals division, with Berkshire Hathaway positioned to make the acquisition. This deal would represent Berkshire's largest acquisition since 2022.
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