Friday, August 28, 2026
Occidental CEO Richard Jackson outlines long-term growth strategy after strong Q2- oil and gas 360

Occidental CEO Richard Jackson outlines long-term growth strategy after strong Q2

(World Oil) – Occidental President and CEO Richard Jackson used the company’s second-quarter earnings release to reinforce a strategy centered on maximizing existing assets, strengthening the balance sheet and delivering long-term free cash flow growth through disciplined execution. “Our second quarter results demonstrate the strength of Oxy’s resources and the competitive advantages that position us for continued value creation,” Jackson said. He said

Berkshire Hathaway Inc. to Acquire OxyChem- oil and gas 360

Berkshire Hathaway Inc. to Acquire OxyChem

(Oil & Gas 360) – Berkshire Hathaway (NYSE: BRK) and Occidental (NYSE: OXY) today announced a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for $9.7 billion, subject to customary purchase price adjustments. OxyChem is a global manufacturer of commodity chemicals vital to quality of life, with applications in water treatment, pharmaceuticals, healthcare and