Subject: OXY selling petrochemicals
Occidental Petroleum (NYSE:OXY) is negotiating the sale of its OxyChem division in a deal that could exceed $10 billion, the Financial Times reported Sunday.

If completed, the transaction would mark Occidental’s (NYSE:OXY) largest divestiture to date and create one of the world’s biggest independent petrochemical companies, according to people familiar with the talks cited by the paper.

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