Warren Buffett may be signing off as CEO, but not before inking his largest deal in years. Berkshire Hathaway Inc (NYSE:BRK.A) is buying Occidental Petroleum Corp's (NYSE:OXY) chemical unit, OxyChem,
CNBC's Becky Quick reports on the latest news.
Berkshire will acquire the chemical business in an all-cash transaction.
Occidental Petroleum said on Thursday it would sell its petrochemical division to Warren Buffett's Berkshire Hathaway for $9.7 billion, as the U.S. oil and gas producer looks to pare debt.
Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.
Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.B) is nearing an agreement to buy OxyChem, a division of Occidental Petroleum Corp (NYSE:OXY), for about $10 billion, The Wall Street Journal rep
Berkshire Hathaway (BRK.A, BRK.B) is reportedly close to a $10 billion deal to buy the petrochemical division of Occidental Petroleum (OXY), in what would be the largest deal by Warren Buffett's cong
CNBC's Becky Quick reports on the latest news.
For the better part of six decades, Berkshire Hathaway (BRK.A 0.65%) (BRK.B 0.71%) CEO Warren Buffett has been crushing Wall Street's benchmark index, the S&P 500, in the return column. As of midday o
Berkshire is in talks to buy Occidental's chemicals business for $10 billion. A deal would come as a surprise for markets, analysts say.
Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) is in talks to acquire Occidental Petroleum Corp.‘s (NYSE:OXY) chemical unit, OxyChem, in a deal valued at roughly $10 billion.
The potential deal, which could finalize within days per the Journal, could be Berkshire's largest since 2022 when it bought Alleghany for $11.6 billion.
Berkshire Hathaway is in talks to buy Occidental Petroleum's petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the matter.
Warren Buffett's sprawling conglomerate could unveil its largest deal in years in the coming days.

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