Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

INSANE: Oxychem | Vintage Vibes

Buffett’s $9.7B OxyChem Acquisition — Why Investing Experts Say It’s Genius

Lean how Berkshire Hathaway’s $9.7B OxyChem acquisition boosts cash flow, strengthens Occidental and reflects Warren Buffett’s value investing strategy.

JPMorgan Raises Forecast On This Warren Buffett Favorite Oil Stock

JPMorgan Raises Forecast On This Warren Buffett Favorite Oil Stock

JP Morgan analyst Arun Jayaram raised the price forecast on Occidental Petroleum Corp. (NYSE:OXY) following its third-quarter FY25 earnings beat.

OxyChem Sale Frees Billions For Occidental Petroleum To Boost Upstream Projects

OxyChem Sale Frees Billions For Occidental Petroleum To Boost Upstream Projects

Occidental Petroleum (NYSE:OXY) is repositioning its portfolio and accelerating upstream development following the announced $9.7 billion sale of its OxyChem segment to Berkshire Hathaway (NYSE:BRK) (NYSE:BRK).

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Will Buffett Be Stuck With China's Plastic Overcapacity?

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.

Warren Buffett Just Give Occidental Petroleum a HUGE $10 Billion Boost. Should You Buy OXY Stock Here?

Buffett’s $9.7B OxyChem deal trims Occidental’s debt, but investors question if losing steady cash flow leaves OXY too oil-dependent.

Deal Dispatch: From Stellantis To Snyk, Major Companies Consider Exits

For the previous edition of Deal Dispatch, click here.

Buffett's $9.7B OxyChem Deal Months Before Retirement Safeguards His Sinking Oxy Common Stock Position

Warren Buffett's Berkshire acquired Occidental Petroleum's petrochem business in a $9.7 billion cash deal, which will help Oxy lower its debt and repair its balance sheet, expected to help Buffett's common stock position, which is underwater.

International Business Times UK

inkl

Read news from The Economist, FT, and more,
with one subscription

Soundhound AI, Ionq, Occidental, Ondas Holdings And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Soundhound AI, Ionq, Occidental, Ondas Holdings And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market finished higher on Thursday, as the Dow Jones Industrial Average edged up nearly 0.2% to 46,519.72, the SP 500 added 0.06% to 6,715.35, and the Nasdaq climbed about 0.4% to 22,844.05.These are the top stocks that gained the attention of retail traders and investors through the…

Stocks at New Highs as Shutdown Drags On: Stock Market Today

Stocks at New Highs as Shutdown Drags On: Stock Market Today

The Nasdaq Composite, S&P 500 and Dow Jones Industrial Average all notched new record closes Thursday as tech stocks gained.

Warren Buffett’s Berkshire Hathaway may have scored a ‘genius’ win-win in $10 billion acquisition that could mark the last big deal of his career

Warren Buffett’s Berkshire Hathaway may have scored a ‘genius’ win-win in $10 billion acquisition that could mark the last big deal of his career

Berkshire Hathaway gets a strong stand-alone business, while parent Oxy will get plenty of cash to pay down debt.

Berkshire Hathaway Just Made a Huge Bet on Occidental Petroleum. Does That Make OXY Stock a Buy?

Berkshire Hathaway Just Made a Huge Bet on Occidental Petroleum. Does That Make OXY Stock a Buy?

Occidental Petroleum stock sinks as Berkshire Hathaway confirms its $9.7 billion buyout of OxyChem. Here’s why the OXY share price decline on Thursday is worth buying.

How Berkshire's OxyChem Buy Cements Its Long-Term Strength

How Berkshire's OxyChem Buy Cements Its Long-Term Strength

Berkshire Hathaway's multi-billion-dollar acquisition of OxyChem signals a strategic deployment of cash into a stable, long-term industrial earnings engine.

Occidental Petroleum (OXY) Shares Are Trading Lower Thursday: What's Going On?

Occidental Petroleum (OXY) Shares Are Trading Lower Thursday: What's Going On?

Occidental Petroleum Corporation (NYSE:OXY) shares are trading lower on Thursday. Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) agreed to acquire its OxyChem business for $9.7 billion in an all-cash deal.

Warren Buffet’s last big deal? Berkshire Hathaway to buy chemicals firm for $9.7 billion

Warren Buffet’s last big deal? Berkshire Hathaway to buy chemicals firm for $9.7 billion

The deal could signal a passing of the torch from Buffet to Berkshire Vice Chair Greg Abel, who will become CEO in January

The Independent UK

Get all your
news in one place.

100's of premium titles.
One news app.

Warren Buffett's Berkshire Hathaway To Buy Occidental's OxyChem For $9.7 Billion

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) announced Thursday it reached a deal to buy Occidental Petroleum’s (NYSE:OXY) petrochemical unit, OxyChem, for $9.7 billion in cash.

Occidental Analyst Calls Possible OxyChem Sale A 'Big Bang' Move

As corporate giants continue to reassess their portfolios amid economic shifts, strategic divestitures are becoming a common tool for companies looking to streamline operations and optimize financial health. JPMorgan analyst Arun Jayaram weighed in on reports that Occidental Petroleum Corp. (NYSE:OXY) is in discussions to sell its OxyChem division to…

Why Buffett Is Splurging $10 Billion On OxyChem, Which Has Just $5 Billion In Revenue

Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) isn't just buying a business — it's buying a cash machine with staying power. The conglomerate is reportedly in advanced talks to acquire Occidental Petroleum Corp's (NYSE:OXY) petrochemical unit, OxyChem, for around $10 billion, despite the company generating roughly $5 billion in annual…

Lithium Americas, Nike, Pfizer, CoreWeave And Occidental Petroleum: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market brushed aside worries over a potential government shutdown and advanced on Tuesday. The Dow Jones Industrial Average gained nearly 0.2% to 46,397.89, the SP 500 climbed about 0.4% to 6,688.46, and the Nasdaq rose 0.3% to 22,660.These are the top stocks that gained the attention of…

Get all your
news in one place.

100's of premium titles.
One news app.

Warren Buffett's Berkshire In Talks To Buy OxyChem For $10 Billion: Report

Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) is in talks to acquire Occidental Petroleum Corp.‘s (NYSE:OXY) chemical unit, OxyChem, in a deal valued at roughly $10 billion.

Occidental Petroleum (OXY) Stock Is Moving Higher Monday: Here's Why

Occidental Petroleum Corporation (NYSE: OXY) shares are trading higher on Monday after reports emerged that the company is in advanced talks to sell its OxyChem petrochemicals division for approximately $10 billion.

CFO turnover at Fortune 1000 companies has spiked 30% since last year

More CFOs made moves in the first half of 2023, compared to the same period in 2022.

Factory workers across the U.S. say they were exposed to asbestos on the job

Their accounts contrast sharply with what chemical giants have said about worker safety at their facilities. At an Olin plant outside of McIntosh, Ala., workers recall decades of asbestos exposure.

They inhaled asbestos for decades on the job. Now, workers break their silence

While the U.S. considers finally banning the carcinogen, a group of men have come forward, saying they were exposed repeatedly while working at a chemical plant in New York.

1

People

Shivdeep Dhaliwal

Andy Challenger

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Organisations

US Federal Reserve

Berkshire Hathaway

Trump Administration

inkl

Read news from The Economist, FT, and more,
with one subscription

Topics

Government Shutdown

Dow Jones Industrial Average

Places

363,298 stories

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play