OXY(US:OXY) 中国基金报·2025-10-02 13:26Core Viewpoint - Warren Buffett's Berkshire Hathaway has announced a significant acquisition of Occidental Petroleum's chemical business, OxyChem, for $9.7 billion, marking its largest deal since acquiring Alleghany for $11.6 billion in 2022 [2][3]. Group 1: Acquisition Details - The acquisition is part of Berkshire Hathaway's strategy to utilize its substantial cash reserves, which amount to $344 billion, nearing historical records [2]. - Berkshire Hathaway already holds a 28.2% stake in Occidental Petroleum as of June, and Buffett has indicated he does not plan to take full control of the company [6]. - The transaction is expected to close in the fourth quarter of this year [9]. Group 2: Financial Implications - Occidental Petroleum plans to use $6.5 billion from the sale to reduce its debt, which will enable the company to restart its stock buyback program [6][7]. - The CEO of Occidental Petroleum, Vicki Hollub, stated that the debt reduction will enhance shareholder confidence and attract new investors [7]. Group 3: Historical Context - This acquisition marks Berkshire Hathaway's return to the chemical sector, with its last major deal in this field occurring in 2011 when it acquired Lubrizol for approximately $10 billion [7].