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Berkshire Hathaway to buy OxyChem for $9.7bn

By Benjamin Chiou

Date: Thursday 02 Oct 2025

(Sharecast News) - American holding company Berkshire Hathaway on Thursday announced that it is to purchase Occidental Petroleum's chemical business, OxyChem, for $9.7bn in its biggest acquisition in three years.
"Berkshire is acquiring a robust portfolio of operating assets, supported by an accomplished team," said Greg Abel, the vice chair of...

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