Houston-based Occidental Petroleum to sell chemical business to Berkshire Hathaway in nearly $10 billion deal
Occidental said the deal will help the company pay down its debt.
Berkshire Finalizes Acquisition of Occidental’s OxyChem Petrochemical Unit
Berkshire Hathaway will acquire Occidental Petroleum’s OxyChem unit for $9.7 billion, marking its largest deal in three years and boosting Occidental’s debt repayment efforts.
Berkshire Hathaway is nearing a $10 billion deal to acquire Occidental Petroleum's OxyChem unit, marking its largest acquisition since 2022 and reinforcing its position as Occidental's top shareholder.
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Berkshire Hathaway Nears $10 Billion Acquisition of Occidental Petroleum's OxyChem Unit
Berkshire Hathaway is nearing a $10 billion deal to acquire Occidental Petroleum's OxyChem unit, marking its largest acquisition since 2022 and reinforcing its position as Occidental's top shareholder.
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