Occidental to sell OxyChem unit to Berkshire for $9.7 billion
Reuters·2025-10-02 11:04

Core Viewpoint - Occidental Petroleum is selling its petrochemical division to Berkshire Hathaway for $9.7 billion to reduce its debt [1] Group 1: Company Actions - The sale of the petrochemical division is part of Occidental Petroleum's strategy to pare down its debt [1] Group 2: Financial Details - The transaction value is set at $9.7 billion, indicating a significant divestment by Occidental Petroleum [1]