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Buffett’s Berkshire Expands Empire with $9.7 Billion OxyChem Buy
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Subscribe06 OCT 2025 / BUSINESS
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Warren Buffett's Berkshire Hathaway has purchased Occidental Petroleum's chemical division, OxyChem, for $9.7 billion in cash, making it his largest acquisition since 2022. This strategic purchase will help Berkshire diversify its industrial holdings, tying them to key U.S. sectors, while allowing Occidental to reduce its debt and refocus on its core oil and gas operations.
Picture this: The market’s quiet, deals are scarce, and most investors are hoarding cash waiting for the next big wave. Then, out of nowhere, Warren Buffett makes a move that has Wall Street buzzing again. Berkshire Hathaway drops $9.7 billion in ca...
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