Warren Buffett's Berkshire Hathaway Could Be Closing in on $10B Deal With Occidental Petroleum

Investopedia / Photo Illustration by Alice Morgan / Getty Images Warren Buffett has said he would step down as CEO of Berkshire Hathaway at the end of the year. KEY TAKEAWAYS Berkshire Hathaway is reportedly close to finalizing a $10 billion deal to buy OxyChem, the petrochemical division of Occidental Petroleum. The deal would be the conglomerate's biggest since its $11.6 billion purchase in 2022 of insurer Alleghany. Berkshire Hathaway (BRK.A, BRK.B) is reportedly close to a $10 billion deal to bu ...