
Warren Buffett's Berkshire Eyes $10B Deal for Occidental's Chemical Business
Berkshire Hathaway is in talks to acquire Occidental Petroleum's OxyChem division for approximately $10 billion, marking Buffett's largest deal since 2022.
Berkshire Hathaway is in talks to acquire Occidental Petroleum's OxyChem division for approximately $10 billion, marking Buffett's largest deal since 2022.
Buffett-backed Occidental Petroleum is preparing its largest-ever asset sale, aiming to sell its massive OxyChem division for an estimated $10 billion. This move is critical to help the company reduce its heavy debt burden.