Berkshire Hathaway Invests $9.7 Billion in Occidental Petroleum's Petrochemicals Division

Berkshire Hathaway, led by Warren Buffett, has made a strategic $9.7 billion investment in Occidental Petroleum's chemical division. This acquisition not only diversifies Berkshire's portfolio but also positions it to capitalize on a potential recovery in the petrochemical market. The investment aids Occidental in reducing its debt and focusing on fossil fuel operations, reinforcing its market position and boosting investor confidence in the energy sector.