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Berkshire Hathaway Acquires OxyChem for $9.7 Billion, Stocks Dip

10/5/2025

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Summary

Story summary

Berkshire Hathaway to acquire Occidental Petroleum's OxyChem for $9.7 billion, closing Q4 2025.
Occidental will use $6.5 billion from the sale to reduce debt below $15 billion.
OxyChem supplies water-treatment and plastics chemicals, expanding Berkshire's chemical portfolio.
Analysts view deal as a shift to Greg Abel. Buffett remains chairman.
Markets reacted negatively: Berkshire shares slipped and Occidental fell about 7%.

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Story summary

Berkshire Hathaway to acquire Occidental Petroleum's OxyChem for $9.7 billion, closing Q4 2025.
Occidental will use $6.5 billion from the sale to reduce debt below $15 billion.
OxyChem supplies water-treatment and plastics chemicals, expanding Berkshire's chemical portfolio.
Analysts view deal as a shift to Greg Abel. Buffett remains chairman.
Markets reacted negatively: Berkshire shares slipped and Occidental fell about 7%.