US EditionWarren Buffett Watch: His last big deal as Berkshire CEO before Abel takes over?
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4 Articles
Warren Buffett is buying OxyChem from Occidental for $9.7 billion in cash
Warren Buffett is moving on to Berkshire Hathaway’s biggest deal since 2022. As Cryptopolitan previously reported, Berkshire has struck an agreement to buy Occidental Petroleum’s chemical unit OxyChem for exactly $9.7 billion in cash. This would be the legendary investor’s latest high‑stakes transaction as he nears the end of his run as CEO. Occidental is weighed down by billions in debt and chose to sell at a moment when chemical markets are at…
Berkshire Hathaway, the financial vehicle controlled by billionaire stock market guru Warren Buffett, has reached an agreement to buy OxyChem, the chemicals division of Occidental Petroleum, for $9.7 billion. This is likely Warren Buffett's last major transaction before his planned resignation as CEO at the end of the year.
His last Big Deal as Berkshire CEO before Abel takes over?
(This is the Warren Buffett Watch newsletter, news and analysis of all things Warren Buffett and Berkshire Hathaway. You can register here To receive it in your inbox every Friday evening.) Buffett seen as a 'winner' in what is perhaps his last big purchase as a CEO A screen shows the business information for Occidental […]
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