Uniform cubooctahedral nanoparticles of Pd were synthesized using a modified polyol process. Like the silver system, the Pd nanoparticles underwent dissolution due to oxidative etching by Cl-/O2. In the early stage of etching, the twinned particles in a sample were selectively removed to leave behind uniform, single-crystal cubooctahedra. If the etching was allowed to continue, the single-crystal cubooctahedra were also attacked and partially dissolved. Understanding the role of oxidative etching is critical to the achievement of both uniform shape and size.