After running Berkshire Hathaway for over 60 years, Warren Buffett will retire at age 95. But he’s not sailing into the sunset without making one last impressive investment. What makes his company’s most recent acquisition notable is its departure from their other recent sell-offs in various positions.
It was recently announced that the conglomerate would be purchasing OxyChem, a petrochemicals business, from Occidental Petroleum (also known as Oxy) for $9.7 billion. This transaction is noteworthy because it’s the most significant acquisition from Berkshire since 2022, and the move was made just ahead of Buffett departing as CEO.
