Berkshire Hathaway, led by Warren Buffett, has acquired the petrochemical division OxyChem from Occidental Petroleum for $9.7 billion, the largest transaction for the company in the last three years.
Ana Maria Eftene
International
Foto: Brandon Bell / Getty images / Profimedia
Always see our news on Google
Of this amount, 6.5 billion will be used by Occidental to reduce debt. This move strengthens Berkshire's position in the energy sector, reflecting Buffett's confidence in Occidental, despite the challenges in the market.
Sources
Miliardarul Warren Buffett cumpără cu 9,7 miliarde de dolari OxyChem
Berkshire Hathaway to pay $9.7 billion for OxyChem, potentially Buffett's last big deal
Warren Buffet se pregătește să spargă pușculița pentru cea mai mare tranzacție a companiei sale din ultimii 3 ani
Warren Buffett vizează, se pare, cea mai mare tranzacție a Berkshire Hathaway din ultimii trei ani
Latest News
13:21
The Romanian Civil Aeronautical Authority has initiated steps for the authorization of UAS testing areas, ensuring a regulated framework for drone operators.
13:07
The fees for the driving license, the registration certificate, and the provisional circulation authorization will increase from September 15, 2026.
13:05
A new section of the Moldova Highway opens to traffic / A7 now reaches Bacau
12:40
The toll of the ferry victims that sank in Cyprus / At least eight people have died, and nearly 20 are still reported missing.
12:38
AI used in recruitment is subject to stricter rules in the EU, and candidates have the right to human oversight.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
