Thread regarding Occidental Petroleum Corp. layoffs

OxyChem sell off

Has anyone heard any information about the option to sell off the Chemicals division? Probably not the best longer term play but it would help right the ship by selling additional assets and paying down the debt. Heard some rumblings pre-Anadarko acquisition but very little since.

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Post ID: @OP+10jWqooi

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Sell assets. Cut CAPEX spending. Lay-off people. An exciting time for sure.

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Post ID: @nrp+10jWqooi

I heard a divestment was going to be announced this week in the 3 billion dollar range.

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Post ID: @blr+10jWqooi

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