Occidental Petroleum Corp. (NYSE: OXY) is reportedly in talks to sell its OxyChem division to Berkshire Hathaway Inc. (NYSE: BRK) for around $10 billion, as per JPMorgan analyst Arun Jayaram. The deal would include OxyChem’s 23 chemical plants and key chlorovinyls business, aligning with JPMorgan’s $9.95 billion net asset value estimate. The sale could help Occidental reduce leverage significantly, although it may miss out on a projected $460 million free cash flow boost in 2026. JPMorgan remains neutral on the strategic move, citing both benefits and opportunity costs. (Source: Benzinga)

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Read more at Yahoo Finance: Occidental Analyst Calls Possible OxyChem Sale A ‘Big Bang’ Move