03 Oct 2025 | 5 Mins Read
Berkshire Hathaway to buy OxyChem for $9.7 billion
Flipitmoney
Berkshire Hathaway acquires Occidental Petroleum's OxyChem chemical division for $9.7 billion, a deal that uses less than 3% of Berkshire's cash. The acquisition fits alongside Lubrizol, which Buffett bought in 2011, and will be an operating subsidiary within Berkshire. Vice Chair Greg Abel led the deal, potentially signaling his increasing role under Warren Buffett.