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Berkshire Hathaway Nears $10 Billion Acquisition of Occidental's Petrochemical Unit
Financial MarketsBerkshire HathawayUpdated 5 hours ago

Berkshire Hathaway Nears $10 Billion Acquisition of Occidental's Petrochemical Unit

Berkshire Hathaway is reportedly close to finalizing a $10 billion deal to acquire Occidental Petroleum's OxyChem division. This strategic move underscores Berkshire's confidence in the petrochemical sector and aims to streamline operations while addressing its significant debt. The acquisition reflects a broader trend of consolidation in the oil and gas industry, potentially enhancing efficiency and profitability for Berkshire.

Related Articles
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports
Investing.com5 hours ago
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports
PositiveFinancial Markets
Berkshire Hathaway is reportedly in discussions to acquire Occidental Petroleum's OxyChem division for approximately $10 billion. This potential deal highlights Berkshire's ongoing strategy to invest in strong, cash-generating businesses, which could further enhance its portfolio and provide stability in uncertain economic times.
Read full article
via Investing.com
Berkshire Hathaway nears $10bn deal for Occidental’s petrochemical unit
Financial Times7 hours ago
Berkshire Hathaway nears $10bn deal for Occidental’s petrochemical unit
PositiveFinancial Markets
Berkshire Hathaway is close to finalizing a $10 billion deal to acquire Occidental's petrochemical unit, a move that underscores its strategy to streamline operations and tackle its substantial $24 billion debt. This acquisition not only highlights Berkshire's confidence in the petrochemical sector but also reflects a broader trend of consolidation in the oil and gas industry, which could lead to increased efficiency and profitability.
Read full article
via Financial Times
Berkshire Hathaway in talks to buy Occidental’s OxyChem for $10 billion - WSJ
Investing.com8 hours ago
Berkshire Hathaway in talks to buy Occidental’s OxyChem for $10 billion - WSJ
PositiveFinancial Markets
Berkshire Hathaway is reportedly in discussions to acquire Occidental's OxyChem division for $10 billion, a move that could significantly enhance its portfolio in the chemical sector. This acquisition is noteworthy as it reflects Berkshire's ongoing strategy to invest in companies with strong fundamentals and growth potential, further solidifying its position in the market.
Read full article
via Investing.com
Berkshire Hathaway Near $10 Billion Deal for Occidental’s Petrochemical Unit
The Wall Street Journal8 hours ago
Berkshire Hathaway Near $10 Billion Deal for Occidental’s Petrochemical Unit
PositiveFinancial Markets
Berkshire Hathaway, led by Warren Buffett, is on the verge of announcing a significant deal worth nearly $10 billion for Occidental's petrochemical unit. This potential acquisition marks one of the largest moves for the conglomerate in recent years, highlighting Buffett's continued confidence in the energy sector and strategic investments. Such a deal could reshape Berkshire's portfolio and further solidify its position in the market.
Read full article
via The Wall Street Journal

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