Subject: Re: OxyChem Deal: , another opinion,
Does anybody know what fraction of Oxy's free cash flow came from Oxychem in a normal year when oil prices seem vaguely typical?
i.e., not this year, but a year or two ago

Jim, found a couple things that suggested it was about a quarter of Oxy’s earnings:


https://foundationsofenergy.su...

From AI:

“Strong profitability: Before the sale announcement, OxyChem was a highly profitable segment. A report published just before the deal estimated that OxyChem had generated over a quarter of Occidental's segment-level profit before tax over the previous eight years. In the first quarter of 2025, OxyChem exceeded guidance with a pre-tax adjusted income of $215 million.”