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Benzinga

Business

Surbhi Jain

Will Buffett Be Stuck With China's Plastic Overcapacity?

Warren Buffett OxyChem OXY China Occidental Occidental Petroleum Occidental Petroleum Corp Arun Jayaram United States Petroleum

warren buffett ai4

Warren Buffett's OxyChem purchase might not just be about polyester or polyvinyl — it might be about picking up exposure to China's chemical overcapacity. Occidental Petroleum Corp (NYSE:OXY) has openly cited increasing competition from Chinese chemical exporters as a key reason to jettison OxyChem.

Track OXY stock here.

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Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

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We Got This Covered

One subscription that gives you access to news from hundreds of sites

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Families of 9/11 victims await key ruling in New York as truther conference is held nearby

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