Occidental Petroleum will sell its chemicals arm OxyChem to Warren Buffett's Berkshire Hathaway for $9.7 billion, the company said on Thursday, marking its biggest divestment yet to slash debt after ...

Occidental to use $6.5 billion sale proceeds to cut debt Debt peaked after Anadarko, CrownRock deals Berkshire expands chemical portfolio beyond Lubrizol Sale reflects closer ties between Berkshire, ...

Berkshire Hathaway announced Thursday it would acquire Occidental Petroleum’s petrochemical unit, OxyChem, in a deal valued at $9.7 billion, the largest deal by billionaire Warren Buffett’s firm in ...

(Reuters) -Occidental Petroleum will sell its chemicals arm OxyChem to Warren Buffett's Berkshire Hathaway for $9.7 billion, the company said on Thursday, marking its biggest divestment yet to slash ...

While Berkshire Hathaway has more than $300 billion in cash, it may not make sense to tap it for a potential $10 billion purchase of Occidental Petroleum’s chemicals business. Using Berkshire’s ...

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 ...

Warren Buffett’s Berkshire Hathaway BRK.B0.08%increase; green up pointing triangle is in talks to buy Occidental Petroleum’s OXY-0.95%decrease; red down pointing triangle petrochemical business for ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The petrochemical business of ...

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 ...

Occidental Petroleum is reportedly in talks to divest its petrochemicals division, OxyChem, in a deal that could be worth up to $10 billion and would create one of the largest independent ...

Investing.com -- Occidental Petroleum shares have risen over 1% premarket after reports emerged stating that the company is in advanced talks to sell its chemical division, OxyChem, for at least $10 ...