Occidental Petroleum’s CEO Chazen Hints At Future Spinoff

After shaking up its leadership earlier this year, Occidental Petroleum (OXY) is undergoing a strategic review to ‘streamline and focus’ its operations. The first steps of that process authorized by its board include: Pursue the sale of a minority interest in the Middle East/North Africa operations in a financially efficient manner. Pursue strategic alternatives for select Midcontinent assets,…