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Strategies & Market Trends : Value Investing
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To: Sean Collett who wrote (77669)9/30/2025 6:05:24 PM
From: E_K_S  Read Replies (1) of 78476
 
RE: Occidental Petroleum Corp (OXY)

The $10 billion deal is a sale of a single division (OxyChem), not a buyout of the entire Occidental Petroleum company


  • Berkshire Hathaway ( BRK.A, Financial) ( BRK.B, Financial) is reportedly in advanced talks to acquire Occidental Petroleum's ( OXY, Financial) petrochemical business for approximately $10 billion. This acquisition would mark Berkshire's largest deal since 2022, potentially expanding its footprint in the chemicals sector. Occidental has been divesting non-core assets to reduce debt, having repaid $7.5 billion as of August.
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