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Fortune

Jordan Blum

Warren Buffett’s Berkshire Hathaway may have scored a ‘genius’ win-win in $10 billion acquisition that could mark the last big deal of his career

Berkshire Warren Buffett OXY Berkshire Hathaway Greg Abel OxyChem Dan Pickering Vicki Hollub Doug Leggate Chevron

Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds. (Credit: Daniel Zuchnik—WireImage)

The big move by Warren Buffett’s Berkshire Hathaway to buy the chemicals business of oil giant Occidental Petroleum for nearly $10 billion is a double win for Berkshire, analysts say, in Buffett’s potential swan song deal before retiring at the end of December.

The Oct. 2 deal is the first-ever Berkshire announcement that quotes incoming CEO Greg Abel and doesn’t mention the current chief executive by name.

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