02 Oct 2025 | 3 Mins Read
Warren Buffett's Berkshire acquires Occidental chemical unit
Flipitmoney
Berkshire Hathaway, led by Warren Buffett, plans to acquire Occidental Petroleum's chemical business, OxyChem. Occidental Petroleum shares jumped 2.68% to $49 in pre-market trading. This acquisition announcement led to a positive response in the energy firm's shares, with over 2% increase before the market opened on Thursday, 2 October 2025.