Warren Buffett’s Berkshire Hathaway reached a deal to buy Occidental Petroleum’s petrochemical business for about $9.7 billion in cash https://t.co/L96oGT6z3V ...

Group 1 - Berkshire will acquire the chemical business in an all-cash transaction [1]

来源：滚动播报 西方石油盘前股价上涨2.3%。此前该公司将以97亿美元的价格把OxyChem部门出售给伯克希尔·哈撒 韦。 ...

Occidental Petroleum said on Thursday it would sell its petrochemical division to Warren Buffett's Berkshire Hathaway for $9.7 billion, as the U.S. oil and gas producer looks to pare debt. ...

Berkshire Hathaway is reportedly nearing a $10 billion deal to buy the petrochemical division of Occidental Petroleum, in what would be the largest deal by Warren Buffett’s conglomerate since 2022. https://t.co/LfFWr2rPNl ...

Core Viewpoint - Occidental Petroleum's shares experienced an increase due to rumors of Berkshire Hathaway planning to acquire its petrochemical division, OxyChem, for approximately $10 billion, alongside the formation of a golden cross pattern indicating bullish momentum [1][5][6]. Group 1: Stock Performance - Occidental stock has risen over 35% from its year-to-date low in April [2]. - The formation of a golden cross, characterized by the 50-day moving average crossing above the 200-day moving average, signals a potential long-term uptrend for OXY stock [3]. Group 2: Technical Indicators - The golden cross formation is particularly significant following a recent consolidation phase, suggesting higher reliability for sustained directional moves [4]. - The convergence of moving averages occurred with relatively low volatility, which often precedes significant price movements [4]. Group 3: Potential Acquisition Impact - The potential sale of OxyChem to Berkshire Hathaway would strategically reduce Occidental's substantial debt burden of $24 billion [5]. - This transaction would represent Berkshire's largest acquisition since its $11.6 billion purchase of Alleghany and its second major investment in the chemicals sector in nearly 15 years [5]. - OxyChem's strong performance, generating approximately $5 billion in revenue for the 12 months ending June 2025, makes it an attractive asset for Berkshire's portfolio [6]. Group 4: Market Sentiment - Despite the positive technical indicators and potential acquisition, Wall Street does not exhibit significant bullish sentiment towards OXY stock [7].

Group 1 - Warren Buffett emphasizes the cyclical nature of financial bubbles and the tendency for sound investment strategies to become reckless when widely imitated [2][3] - Historical patterns show that initial prudent investment ideas can devolve into speculation as popularity increases, leading to market distortions [3][4] - Examples include mortgage-backed securities, which transitioned from sound risk management to reckless complexity, contributing to the global financial crisis [4] Group 2 - The dot-com bubble serves as another illustration where genuine promise in internet stocks was overshadowed by speculative excesses by the end of the 1990s [4] - Buffett's insights are grounded in decades of experience and a thorough study of past financial crises, including the Great Depression and the 2008 financial crisis [3]

Group 1 - Berkshire Hathaway is reportedly close to finalizing a $10 billion deal to acquire the petrochemical division of Occidental Petroleum, marking the largest deal since 2022 [2][8] - Warren Buffett is the largest shareholder in Occidental Petroleum and the potential acquisition would be his second significant investment in the chemicals sector after the 2011 acquisition of Lubrizol [3][4] - The company has a record cash pile of $344 billion, which has been built up by selling shares in companies like Apple and Bank of America, and has been cautious about making large acquisitions recently [5][6] Group 2 - The potential deal is significant as Buffett plans to step down as CEO at the end of the year, with investors closely monitoring his actions to understand the future strategy of Berkshire Hathaway [5][6] - Occidental Petroleum has been selling noncore assets to raise cash, and its shares have seen a decline of 4% this year, while Berkshire Hathaway's shares have gained nearly 10% since the start of the year [6][7]

Market Overview - US stock index futures are all down, with Dow futures down 0.26%, S&P 500 futures down 0.38%, and Nasdaq futures down 0.42% [1] - European indices show positive performance, with Germany's DAX up 0.52%, UK's FTSE 100 up 0.68%, France's CAC40 up 0.48%, and the Euro Stoxx 50 up 0.41% [2][3] Commodity Prices - WTI crude oil is down 0.55%, trading at $62.03 per barrel, while Brent crude oil is down 0.53%, trading at $65.68 per barrel [3][4] Economic Events - The US government has shut down for the first time in seven years due to Congress's failure to agree on a spending plan, affecting federal workers and public services [5] - The ADP employment report is expected to show an increase of approximately 60,000 jobs, becoming the focus of labor market data for the month [5] Gold Market - Gold prices have reached a new historical high of $3,890 per ounce, driven by increased demand for safe-haven assets amid the government shutdown [6] Federal Reserve Insights - The market is pricing in a high probability of interest rate cuts this month, with a 76% chance of another cut in December [6] Corporate News - Samsung and SK Hynix have signed a letter of intent to supply memory chips for OpenAI's data center, supporting the Stargate project [9] - Berkshire Hathaway is reportedly close to acquiring Occidental Petroleum's chemical division for approximately $10 billion, marking its largest acquisition since 2022 [9] - BHP is investing $554 million to expand its Olympic Dam copper mine in South Australia, anticipating a 70% increase in global copper demand by 2050 [10] - Tesla has raised leasing prices for all models in the US following the expiration of a $7,500 federal tax credit [10] - Nike's Q1 revenue was $11.7 billion, slightly down but better than expected, indicating early success in its business transformation [11]

Group 1: Berkshire Hathaway and Warren Buffett's Investment Strategy - Berkshire Hathaway has significantly outperformed the S&P 500 over the past 60 years, with Class A shares returning over 6,080,000%, approximately 137 times greater than the S&P 500's total return during the same period [2] - Warren Buffett has been a net seller of stocks for 11 consecutive quarters, totaling $177.4 billion, with a notable portion attributed to Bank of America [8] - Despite selling, Buffett has shown interest in Sirius XM Holdings, a legal monopoly in satellite radio, increasing Berkshire's stake to over 37% [14][13] Group 2: Bank of America (BofA) Investment Insights - Buffett has sold over 427 million shares of Bank of America, reducing his position by 41% from July 17, 2024, to June 30, 2025 [8] - The selling may be driven by profit-taking, as BofA's stock has appreciated significantly since Buffett's initial investment [9] - BofA's stock is currently valued at a 41% premium to its book value, contrasting with a previous 62% discount when Buffett first invested [12] Group 3: Sirius XM Holdings Investment Insights - Sirius XM's revenue model is more resilient during economic downturns, with about 77% of its net sales coming from subscriptions, compared to traditional radio companies that rely heavily on advertising [16] - The company offers a dividend yield approaching 5%, significantly higher than the S&P 500, and engages in stock repurchases to enhance earnings per share [17] - Sirius XM shares are currently valued at 7.4 times forecast EPS for 2026, representing a 43% discount to its average forward price-to-earnings multiple over the last five years [18]