Core Viewpoint - Berkshire Hathaway is set to acquire the petrochemical business of Occidental Petroleum for $9.7 billion, leading to a significant pre-market surge of over 3% in Occidental Petroleum's stock price [1] Group 1 - Berkshire Hathaway will pay $9.7 billion for the acquisition [1] - Occidental Petroleum's stock experienced a pre-market increase of more than 3% following the announcement [1]

Core Viewpoint - Warren Buffett announced Berkshire Hathaway's largest transaction in years, acquiring Occidental Petroleum's chemical division OxyChem for $9.7 billion [1] Group 1: Transaction Details - The acquisition of OxyChem may be Buffett's last major deal before he hands over the CEO position to Vice Chairman Greg Abel in January [1] - Berkshire's cash reserves have steadily increased over the years, with no significant acquisitions since the $11.6 billion purchase of Alleghany Insurance in 2022 due to inflated prices from increased hedge fund activity [1] Group 2: OxyChem Overview - OxyChem primarily produces chlorine for water treatment, vinyl chloride for plastic production, calcium chloride for road de-icing, and various other chemicals [1] - The business aligns well with Berkshire's Lubrizol, acquired for $9 billion in 2011, although Berkshire typically does not integrate its subsidiaries, suggesting OxyChem will likely operate independently [1]

Deal Overview - Berkshire Hathaway is acquiring Occidental's chemical business, OxyChem [1] - The transaction is an all-cash deal valued at $97 billion [1] Occidental's Financial Strategy - Occidental aims to reduce its debt [1] - The company's current debt load is approximately $22 billion [2] - Occidental targets to lower its debt to $15 billion [2] Market Reaction - Occidental's shares are up by just under 1% following the announcement [3] - Share prices had already increased in anticipation of the deal [3] Key Players - Berkshire Hathaway is the largest shareholder in Occidental [2] - Occidental's president and CEO, Vicky Halib, will be providing live commentary [3]

Group 1 - Berkshire Hathaway is officially acquiring Occidental's chemical business, OxyChem, in an all-cash deal valued at $9.7 billion [1] - Occidental currently has a debt load of approximately $22 billion and aims to reduce it to $15 billion [2] - Berkshire Hathaway is the largest shareholder in Occidental and this acquisition allows them to take full control of OxyChem [2] Group 2 - Following the announcement, Occidental's shares increased by just under 1%, with prior reports of the deal contributing to a rise in share prices over the last few days [3] - The CEO of Occidental, Vicky Haliburton, is expected to provide further insights in an upcoming live segment [3]

Group 1 - Berkshire Hathaway is acquiring Occidental Petroleum's chemical division, OxyChem, for $9.7 billion, marking a significant transaction for the company [1] - The acquisition utilizes less than 3% of Berkshire's cash reserves, which exceed $344 billion, and is not expected to significantly impact the conglomerate's financial performance [5][4] - OxyChem produces various chemicals, including chlorine for water treatment and vinyl chloride for plastics, complementing Berkshire's existing portfolio, particularly Lubrizol [6] Group 2 - Warren Buffett's involvement in the deal is implied, despite his absence in the official announcement, indicating a potential transition of leadership to Vice Chair Greg Abel [2][3] - Analysts are observing how Abel's leadership style and deal-making approach may differ from Buffett's as he prepares to take over as CEO [7][8] - The market reaction to the acquisition was lukewarm, with Berkshire's shares slightly declining and Occidental's shares dropping over 7% following the announcement [5]

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 ...

Core Insights - Berkshire Hathaway has agreed to acquire Occidental Petroleum's OxyChem segment for $9.7 billion, with the transaction expected to close in Q4 2025 [1][5]. Group 1: Acquisition Details - OxyChem produces standardized chemicals used in various applications, including water treatment, pharmaceuticals, and construction [2]. - The chemicals manufactured by OxyChem include chlorine, caustic soda, polyvinyl chloride, and ethylene [2]. - Occidental's other subsidiary will retain OxyChem's legacy environmental liabilities, while Glenn Springs Holdings will manage existing remedial projects [3]. Group 2: Strategic Implications - The acquisition enhances Occidental Petroleum's financial position, allowing the company to concentrate on its core oil and gas business and pursue further development and acquisitions [5]. - OxyChem has been recognized as a well-managed business with skilled employees, and there is confidence in its continued success under Berkshire Hathaway's ownership [6]. Group 3: Operational Footprint - OxyChem operates manufacturing plants at 21 domestic sites across various states in the U.S. and at two international locations in Canada and Chile [6].

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。 ...

Core Insights - Occidental has promoted Richard A. Jackson to Senior Vice President and Chief Operating Officer, overseeing global oil and gas operations, low-carbon integrated technologies, and midstream and marketing functions [1] - Jackson's leadership is expected to enhance shareholder value and advance the company's low-cost global resource opportunities [2][3] Leadership and Experience - Richard A. Jackson has a proven track record in growing U.S. onshore oil and gas operations and launching low-carbon technologies [2] - Prior roles include President and General Manager of the Permian Delaware Basin and leadership in Oxy Low Carbon Ventures, focusing on emissions measurement and carbon utilization [5] Company Overview - Occidental is a major international energy company with significant assets in the U.S., Middle East, and North Africa, and is one of the largest oil and gas producers in the U.S. [7] - The company is committed to advancing a lower-carbon world through its Oxy Low Carbon Ventures subsidiary, which focuses on innovative technologies and business solutions [7]