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      Berkshire Hathaway Completes Acquisition of Occidental Petroleum’s OxyChem

      Berkshire Hathaway has finalized its acquisition of OxyChem, the chemicals subsidiary of Occidental Petroleum. This acquisition integrates OxyChem's operations, which are primarily focused on the U.S. market, into Berkshire's diverse portfolio that includes insurance, energy, and industrial sectors.

      Occidental Petroleum intends to utilize the proceeds from this sale to strengthen its balance sheet and refocus on its core energy operations. The addition of OxyChem is expected to enhance Berkshire Hathaway's presence in the chemicals sector, which is closely linked to broader manufacturing activities.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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