Berkshire Hathaway to Buy Occidental’s Chemical Unit for $9.7B

Capital Brief (10/02/25)

Warren Buffett’s Berkshire Hathaway has agreed to purchase Occidental Petroleum’s OxyChem petrochemical business for $9.7 billion. The deal ranks as Berkshire's largest since 2022. OxyChem manufactures and sells chemicals for use in such applications as chlorinating water and producing paper. The unit generated almost $5 billion in sales during the 12 months ended in June. The transaction is on track to close in this year’s fourth quarter.

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