Occidental Petroleum (OXY) is discussing how a potential breakup might look, analysts tell...

|About: Occidental Petroleum Corpor... (OXY)|By:, SA News Editor

Occidental Petroleum (OXY) is discussing how a potential breakup might look, analysts tell Reuters, as it fleshes out an idea floated by CEO Steve Chazen (I, II). "Oxy could announce within three months plans to spin off its international operations," Oppenheimer says, predicting ~$20B from a sale could be used to buy back 25% of its shares.