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Benzinga
Benzinga
Business
Eva Mathew

Warren Buffett's Berkshire Hathaway To Buy Occidental's OxyChem For $9.7 Billion

Konskie,,Poland,-,January,13,,2024:,Occidental,Petroleum,Corporation,Logo

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) announced Thursday it reached a deal to buy Occidental Petroleum’s (NYSE:OXY) petrochemical unit, OxyChem, for $9.7 billion in cash.

Shares of Occidental rose 1.7% to $48.54 in premarket trading.

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