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Futures
Futures
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Gold
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Options
Hot
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Unified Account
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Futures Kickoff
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Demo Trading
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Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
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Launchpad
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Alpha Points
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Futures Points
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Investment
Simple Earn
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0 Fees
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Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
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Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Occidental Refocuses On Upstream Efficiency And Debt After OxyChem Sale
Occidental Petroleum has sold its OxyChem chemicals business to Berkshire Hathaway, intending to use the proceeds for debt reduction. The company has also restructured a Delaware Basin contract to a fixed-fee model to cut costs and enhance flexibility. These actions mark a strategic shift for Occidental Petroleum towards becoming a more focused energy company, prioritizing balance sheet strength, cash flow resilience, and debt reduction amidst fluctuating commodity prices.