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Occidental Petroleum sells Dallas-based division to Berkshire Hathaway for $9.7 billion

Summary by The Business Journals
The energy giant is using the bulk of the proceeds from this massive sale to tackle a debt problem that ballooned after a major acquisition last year. Here's how much the company plans to pay down and what its debt reduction target is.

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The Business JournalsThe Business Journals
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Occidental Petroleum sells Dallas-based division to Berkshire Hathaway for $9.7 billion

The energy giant is using the bulk of the proceeds from this massive sale to tackle a debt problem that ballooned after a major acquisition last year. Here's how much the company plans to pay down and what its debt reduction target is.

·United States
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The Business Journals broke the news in United States on Saturday, January 3, 2026.
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