Houston-Based Occidental Petroleum to Sell Chemical Business to Berkshire Hathaway in Nearly $10 Billion Deal

Is Warren Buffett's $9.7 Billion Acquisition of OxyChem an Act of Brilliance or a Big Mistake for Berkshire Hathaway Investors? @themotleyfool #stocks $BRK.B $BRK.A $OXY

Key PointsBerkshire Hathaway has an extensive history with Occidental Petroleum.Buffett hasn’t been tempted to chase high-flying growth stocks and is perfectly fine investing in underappreciated businesses.OxyChem will fit well under Berkshire Hathaway’s umbrella. 10 stocks we like better than Berkshire Hathaway › On Jan. 1, 2026, Warren Buffett will step down as chief executive officer (but remain chairman) of Berkshire Hathaway (NYSE: BRK.A) (…

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.

Should you buy Berkshire Hathaway while it's below $500?

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated. Key Points Berkshire Hathaway’s long-time chief and genius stock-picker is stepping down at the end of this year. Fearing his absence will undermine the conglomerate’s long-term market-beating performance, shares have struggled since the announcement was made. Berkshire will not only survive Buffett’s impending exit, however, but …

Buffett acquires OxyChem for 9.7 billion dollars

Berkshire Hathaway has agreed to buy OxyChem, the chemicals division of Occidental Petroleum, for $9.7 billion in cash. The acquisition could be the last major move by the legendary Warren Buffett before he steps down as CEO at the end of the year, CNBC reports. While this is the largest deal for Berkshire since 2022, when it bought insurer Allegheny for $11.6 billion, Buffett is still looking for more “capital” to reduce the company’s huge cash…