Occidental Petroleum ( (OXY)) has shared an update. On January 2, 2026, Occidental completed the $9.7 billion all-cash sale of its chemical business, OxyChem, to Berkshire Hathaway, finalizing a ...

Occidental Petroleum had an impressive quarter with ~$3.2 billion in CFFO before the company's continued investments. Occidental Petroleum has continued to have record operating performance. The ...

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Occidental Petroleum Corporation (NYSE: OXY) posted third-quarter 2025 net income of $661 million, or $0.65 per diluted share, with adjusted earnings of $649 million ($0.64/share), as strong upstream ...

Houston-based company Occidental Petroleum will sell its chemical business, OxyChem, for $9.7 billion to Berkshire Hathaway, Warren Buffett's holding company. Oxychem produces chemicals used in water ...

Warren Buffett said in May that he recommended Berkshire Hathaway’s Vice Chairman Greg Abel to become the CEO in 2026. Photo: Scott Morgan/Reuters Berkshire’s all-cash $9.7 billion acquisition of ...

Occidental Petroleum Corp. is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc. “I believe we are done with the big ...

Occidental to use $6.5 billion sale proceeds to cut debt Debt peaked after Anadarko, CrownRock deals Berkshire expands chemical portfolio beyond Lubrizol Sale reflects closer ties between Berkshire, ...

Berkshire Hathaway announced Thursday it would acquire Occidental Petroleum’s petrochemical unit, OxyChem, in a deal valued at $9.7 billion, the largest deal by billionaire Warren Buffett’s firm in ...