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Benzinga

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Surbhi Jain

FORGOTTEN HISTORY: Will buffett be stuck with china s plastic overcapacity - The Untold Story

Warren Buffett OxyChem OXY China Occidental Occidental Petroleum Occidental Petroleum Corp Arun Jayaram United States Petroleum

warren buffett ai4

Warren Buffett's OxyChem purchase might not just be about polyester or polyvinyl — it might be about picking up exposure to China's chemical overcapacity. Occidental Petroleum Corp (NYSE:OXY) has openly cited increasing competition from Chinese chemical exporters as a key reason to jettison OxyChem.

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