NYSE:BRK.BDiversified Financial
Berkshire’s OxyChem Deal Reshapes Earnings Mix As Oil Prices Rally
Berkshire Hathaway (NYSE:BRK.B) has completed its acquisition of Occidental Petroleum’s chemical business, known as OxyChem.
The deal closed just before a sharp rally in oil prices and a strong move in chemical markets tied to geopolitical tensions.
The transaction is widely viewed as Warren Buffett’s final major deal as CEO, with early gains on the assets drawing attention.
Berkshire Hathaway, through the OxyChem acquisition, is adding a large commodity linked chemicals business to its...