
Occidental Petroleum Slashes Debt 17% Amid OxyChem $9.7B Sale
Occidental Petroleum CorporationDescription
What this story covers
Occidental Petroleum's Q3 2025 10-Q shows $6.6B net sales despite lower oil prices, with oil/gas volumes up 11% via CrownRock. Net income $842M; debt cut to $20.8B. OxyChem sale to Berkshire for $9.7B to fund deleveraging. Focus on Permian growth and low-carbon tech amid market volatility.
Story snapshot
CompanyOccidental Petroleum Corporation
TickerOXY
VariantStandard detailed
Duration11:52
Filing type10-Q
PeriodQ3 2025
IndustryEnergy
Accession0001628280-25-051071
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