Occidental is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway https://t.co/eluSFuNih8 ...

Core Insights - Berkshire Hathaway Inc. has signed an agreement to acquire Occidental Petroleum Corporation's petrochemical subsidiary, OxyChem, for approximately $9.7 billion in cash [1][2] - The transaction is expected to close in the fourth quarter of 2025 and will be Berkshire's largest deal since its $13.7 billion acquisition of Alleghany Corp. in 2022 [2] - OxyChem specializes in producing essential chemicals such as chlorine, sodium hydroxide, and PVC resins, generating roughly $5 billion in revenue over the past 12 months [3] Company Developments - Occidental Petroleum, 27% owned by Berkshire, is actively deleveraging after significant acquisitions, including a $55 billion purchase of Anadarko in 2019 [4] - The company currently has $24 billion in debt, down from nearly $49 billion post-Anadarko, and plans to use $6.5 billion from the OxyChem sale to further reduce this debt [4] - Occidental has executed nearly $4 billion in divestments since early 2024, indicating a strategic shift towards simplifying its portfolio and enhancing capital returns to shareholders [5] Industry Context - The acquisition of OxyChem marks a significant move in the petrochemical sector, as it is expected to be one of the largest standalone petrochemical transactions globally, valued near $10 billion [2] - The deal comes amid industry challenges, including oversupply and shrinking margins, leading Occidental to close a chapter in its decades-long chemicals business [6] - The acquisition strengthens Berkshire Hathaway's ties with Occidental, as the firm has been gradually increasing its equity stake in the company [5]

西方石油(OXY.US)短线下挫近5%报45.4美元。消息上，伯克希尔哈撒韦将以97亿美元收购西方石油旗下的石化业务OxyChem，这也将成为伯克希尔自2022 年以来最大的一宗收购。西方石油计划利用从伯克希尔交易中获得的65亿美元收益来偿还债务，从而实现其将主要债务降至150亿美元以下的目标。 | | | ■ 西方石油 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分 ▼ 1天：1分K ▼ 显示 Y ② | | V | | --- | --- | --- | --- | --- | | 47.950 | | | | | | 47.800 | | | | | | 47.650 | | | | | | 47.501 | | | | | | 47.351 | | | | | | 47.201 | | | | | | 47.052 | | | | | | 46.902 | | | | | | 46.752 | | | | | | 46.603 | | | | | | 46.453 | | | | | | 46.303 | | | | | | 46.153 | | | | | | 4 ...

巴菲特旗下伯克希尔于周四宣布了其多年来规模最大的一笔交易：伯克希尔(BRK.A.US,BRK.B.US)将以 97亿美元收购西方石油(OXY.US)的化工部门OxyChem。 这笔交易是最新迹象，表明在多年未进行大规模收购并逐步减持苹果公司等大型持股后，巴菲特似乎已 重返并购市场。伯克希尔在周四的声明中称，交易预计在第四季度完成。 数据显示，此次收购OxyChem将是伯克希尔自2022年以137亿美元收购保险公司Alleghany Corp.以来规 模最大的一笔交易。截至6月底，伯克希尔的现金储备达3440亿美元，接近历史最高水平。 这笔交易标志着西方石油公司一个漫长篇章的结束。该公司于数十年前进入化工行业，但该部门年销售 额在过去几年持续下降。今年8月，由于关键产品市场供应过剩，西方石油将OxyChem的全年税前利润 预期下调约15%，至8亿至9亿美元区间。 此次收购OxyChem的交易，可能是巴菲特在明年1月将首席执行官(CEO)职位移交副董事长格雷格阿贝 尔之前的最后一笔重大交易。沃伦巴菲特计划继续担任伯克希尔公司董事长，并将继续参与决策该集团 超过3440亿美元现金的使用方式。 伯克希尔持股约27%的 ...

Market Overview - US stock index futures showed mixed performance ahead of the market opening, with Dow futures down 0.02%, S&P 500 futures up 0.25%, and Nasdaq futures up 0.49% [1] - European indices also experienced gains, with Germany's DAX up 1.27%, UK's FTSE 100 up 0.04%, France's CAC40 up 1.41%, and the Euro Stoxx 50 up 1.52% [2][3] Oil Prices - WTI crude oil prices fell by 0.42% to $61.52 per barrel, while Brent crude oil prices decreased by 0.44% to $65.06 per barrel [3][4] Employment Data - The ADP employment report indicated a surprising decrease of 32,000 jobs in September, contrasting with Wall Street's expectation of an increase of 45,000, suggesting a significant deterioration in the US job market [5] - The September manufacturing PMI in the US recorded at 49.1, indicating continued contraction for the seventh consecutive month, although the output index returned to expansion at 51 [6] Layoff Statistics - US employers announced 54,064 layoffs in September, a decrease of 37% from August and a 26% drop from the same month last year, with year-to-date layoffs totaling 946,426, the highest since 2020 [7] Federal Reserve Insights - FOMC member Goolsbee noted that the government shutdown complicates the Federal Reserve's ability to interpret economic conditions due to a lack of official data [8] EU Trade Policy - The EU plans to significantly increase steel import tariffs to 50% to protect its domestic steel industry, aligning its tariff levels with those of the US [8] Investment Trends - Goldman Sachs remains bullish on gold, citing strong interest from private investors, with expectations that gold prices could rise to $4,300 per ounce by the end of next year [9] Corporate Developments - AMD is reportedly in talks with Intel for potential chip manufacturing collaboration, which could significantly enhance Intel's foundry business [10] - Berkshire Hathaway announced a $9.7 billion acquisition of Occidental Petroleum's chemical division, marking a significant transaction for the company [10] - Stellantis reported a 6% increase in third-quarter vehicle sales in the US, reaching 324,825 units, with notable growth in Jeep and Chrysler brands [11]

Group 1: Berkshire Hathaway and Occidental Petroleum Acquisition - Berkshire Hathaway is acquiring Occidental Petroleum's petrochemical division, OxyChem, for $9.7 billion in an all-cash transaction [2][7] - The acquisition is expected to close in the fourth quarter of 2025, pending regulatory approvals [2] - Occidental Petroleum plans to use approximately $6.5 billion of the proceeds to reduce its debt, targeting a principal debt level below $15 billion [2] - The remaining ~$1.5 billion (after-tax) will be added to Occidental's balance sheet, with anticipated annual interest expense savings of over $350 million [2] Group 2: Geopolitical Tensions and EU Financial Support - Russia issued a warning to the European Union regarding the use of frozen Russian assets for loans to Ukraine, calling the proposal "delusional" [3][7] - The EU plans to double its financial support to Greenland to over €530 million under its next long-term budget, aiming to enhance cooperation on critical raw materials and energy [4][7] - The EU views Greenland as strategically important in the Arctic amidst growing international interest [4] Group 3: U.S. Support for Argentina - U.S. Treasury Secretary Scott Bessent reaffirmed the U.S. commitment to supporting Argentina's economic stability, indicating readiness to assist President Javier Milei's economic policies [5][7] - Discussions include negotiating a $20 billion swap line with Argentina's central bank and potential purchases of U.S. dollar-denominated government bonds [5]

格隆汇10月2日｜西方石油盘前快速拉升，一度涨超3%。消息面上，伯克希尔哈撒韦将以97亿美元收购 西方石油旗下的石化业务。 ...

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 ...

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. ...