05:38 AM EDT, 09/29/2025 (MT Newswires) -- Occidental Petroleum ( OXY ) is working with advisers to sell its OxyChem unit in a deal likely to be worth at least $10 billion, the Financial Times reported Sunday, citing two people familiar with the matter.

The sale is expected to be announced in the coming weeks, the sources told the publication, however they warned that the deal could still fall apart.

Occidental did not immediately respond to MT Newswires' request for comment.

The company's shares were up 1.2% in recent premarket activity Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)