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Tuesday, January 20, 2026

OxyChem

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

Berkshire Hathaway Inc. to Acquire OxyChem

October 2, 2025

(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

Occidental Petroleum in talks to sell OxyChem unit for at least $10 billion- oil and gas 360

Occidental Petroleum in talks to sell OxyChem unit for at least $10 billion

September 29, 2025

(World Oil) – Occidental Petroleum Corp. is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter

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