Occidental cuts debt, raises dividends after OxyChem sale
Occidental Petroleum posted a net loss of $68 million, or $0.07 per diluted share, for the fourth quarter of 2025, compared with adjusted earnings of $315 million, or $0.31 per share. The gap between GAAP and adjusted results was primarily due to charges tied to the divestiture of its chemical unit, OxyChem, which officially closed…