Polycrystalline Cu has been deformed at room temperature by oscillatory compression method to true reduction εh = 0.6 and 1. Microstructure by using transmission electron microscopy (TEM) and texture evolution after deformations was investigated. Oscillatory compressed microareas contains two distinctive regions: fine grains inside banded microstructure with large misorientation and surrounding matrix with submicrometer subgrains with a fraction of both low and high angle boundaries. Moreover nucleation of new grains under recrystallization takes place at the local-regions. The study of the crystal orientation distribution during applied deformation showed that the pole figure registered for the sample after compression shows ring of pole density, which concentrates around projection of <011>. Oscillatory compression causes formation of two axial texture components: <001> and <011>.