The Zhitong Finance App learned that, according to reports, Occidental Petroleum (OXY.US) is exploring the sale of part of its business in the Permian Basin, which may generate more than 1 billion US dollars in revenue. According to reports, Occidental Petroleum is cooperating with a financial advisor on the asset sale process in the Barilla Draw region, part of the Delaware part of the Permian Basin, and has seen an opportunity to attract strong interest from other Permian oil producers. These producers have recently completed numerous deals. According to data, the asset that Occidental Petroleum plans to sell covers an area of about 275,000 acres, with a daily output of 244,000 barrels of oil equivalent.