Occidental Petroleum Stock Is Rising. Here’s Why.
1. OXY shares rose on news of potential $10 billion OxyChem sale. 2. The sale aligns with Occidental's strategy to reduce significant debt. 3. Occidental aims to lower debt below $15 billion, repaying $7.5 billion since July. 4. OXY is in talks for the sale expected to be announced soon. 5. Shares gained 1.3% in premarket following the financial news.