World PulseNow
Newsletter

Occidental Swears Off New Big Deals Post-Berkshire Chemical Sale

Bloomberg•Thursday, October 2, 2025 at 3:31:35 PM
NeutralFinancial Markets
Occidental Swears Off New Big Deals Post-Berkshire Chemical Sale
Occidental Petroleum Corp. has announced that it will refrain from pursuing large-scale deals following its successful $9.7 billion sale of a chemical unit to Berkshire Hathaway Inc. This decision marks a significant shift in the company's strategy, as it aims to focus on stabilizing its operations and managing its existing assets. The sale not only helps Occidental meet its asset-sales target but also reflects a broader trend in the industry where companies are prioritizing financial health over aggressive expansion.
— Curated by the World Pulse Now AI Editorial System
Read Original

Was this article worth reading? Share it

Recommended Readings
Warren Buffett's Berkshire Hathaway has big message for homebuyers
TheStreetan hour ago
Warren Buffett's Berkshire Hathaway has big message for homebuyers
PositiveFinancial Markets
Warren Buffett's Berkshire Hathaway has delivered an encouraging message for homebuyers, signaling optimism in the real estate market. This statement is significant as it reflects the confidence of one of the world's most respected investors in the housing sector, potentially influencing buyer sentiment and market trends.
Read full article
via TheStreet
Warren Buffett’s Berkshire Hathaway may have scored a ‘genius’ win-win in $10 billion acquisition that may be the last big deal of his career
Fortune3 hours ago
Warren Buffett’s Berkshire Hathaway may have scored a ‘genius’ win-win in $10 billion acquisition that may be the last big deal of his career
PositiveFinancial Markets
Warren Buffett's Berkshire Hathaway has made a significant move with a $10 billion acquisition that not only strengthens its portfolio but also provides its parent company, Oxy, with essential cash to reduce debt. This deal is seen as a strategic win-win, showcasing Buffett's knack for making impactful investments, especially as he approaches the twilight of his illustrious career. It highlights the importance of smart financial maneuvers in today's market.
Read full article
via Fortune
Leo Hindery Jr., Dealmaking Power in the Cable TV Industry, Dies at 77
The New York Times4 hours ago
Leo Hindery Jr., Dealmaking Power in the Cable TV Industry, Dies at 77
NegativeFinancial Markets
Leo Hindery Jr., a prominent figure in the cable TV industry known for his significant contributions to media and business, has passed away at the age of 77. His innovative dealmaking strategies helped shape the landscape of cable television, making him a respected leader in the field. Hindery's legacy will be remembered for his impact on the industry and the many lives he influenced throughout his career.
Read full article
via The New York Times
Occidental CEO Says She’d ‘Love’ to Scrap Quarterly SEC Reports
Bloomberg6 hours ago
Occidental CEO Says She’d ‘Love’ to Scrap Quarterly SEC Reports
PositiveFinancial Markets
Occidental Petroleum's CEO Vicki Hollub expressed her enthusiasm for potentially eliminating the quarterly financial reporting requirements set by the US Securities and Exchange Commission. This change could streamline reporting processes for companies, allowing them to focus more on long-term strategies rather than short-term results. It’s a significant discussion in the business world, as it could lead to a shift in how companies communicate their financial health.
Read full article
via Bloomberg
Berkshire in $9.7 Billion Deal to Buy Occidental Unit
Bloomberg9 hours ago
Berkshire in $9.7 Billion Deal to Buy Occidental Unit
PositiveFinancial Markets
Berkshire Hathaway, led by Warren Buffett, is making headlines with its $9.7 billion acquisition of Occidental Petroleum's petrochemical business. This deal, expected to finalize in the fourth quarter, highlights Buffett's continued confidence in the energy sector and strategic investments. It matters because it not only strengthens Berkshire's portfolio but also signals a robust outlook for the petrochemical market.
Read full article
via Bloomberg
Warren Buffett’s last big deal? Berkshire Hathaway to buy Occidental Petroleum’s chemical division for $9.7 billion
Fortune9 hours ago
Warren Buffett’s last big deal? Berkshire Hathaway to buy Occidental Petroleum’s chemical division for $9.7 billion
PositiveFinancial Markets
Warren Buffett's Berkshire Hathaway is making headlines with its $9.7 billion acquisition of Occidental Petroleum's chemical division. This deal not only showcases Buffett's continued influence in the business world but also hints at a leadership transition as Vice Chair Greg Abel prepares to take over as CEO in January. This move is significant as it reflects Berkshire's strategic investments and sets the stage for Abel's future direction, potentially marking a new era for the company.
Read full article
via Fortune
Berkshire to Buy Occidental’s Chemical Unit for $9.7 Billion
Bloomberg11 hours ago
Berkshire to Buy Occidental’s Chemical Unit for $9.7 Billion
PositiveFinancial Markets
Berkshire Hathaway, led by Warren Buffett, has announced a significant acquisition of Occidental Petroleum's petrochemical business for $9.7 billion in cash. This move highlights Buffett's confidence in the petrochemical sector and could enhance Berkshire's portfolio, potentially leading to increased profitability and growth. Such strategic investments are crucial as they reflect the company's long-term vision and ability to capitalize on market opportunities.
Read full article
via Bloomberg
Warren Buffett lines up Berkshire’s biggest deal in years
TheStreeta day ago
Warren Buffett lines up Berkshire’s biggest deal in years
PositiveFinancial Markets
Warren Buffett is gearing up for Berkshire Hathaway's largest deal in years, signaling a bold move in the investment landscape. This is significant as it showcases Buffett's confidence in the market and his strategic vision for the future, potentially leading to substantial growth for the company and its shareholders.
Read full article
via TheStreet
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports
Investing.com2 days ago
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports
PositiveFinancial Markets
Berkshire Hathaway is reportedly in discussions to acquire Occidental Petroleum's OxyChem division for approximately $10 billion. This potential deal highlights Berkshire's ongoing strategy to invest in strong, cash-generating businesses, which could further enhance its portfolio and provide stability in uncertain economic times.
Read full article
via Investing.com
Berkshire Hathaway nears $10bn deal for Occidental’s petrochemical unit
Financial Times2 days ago
Berkshire Hathaway nears $10bn deal for Occidental’s petrochemical unit
PositiveFinancial Markets
Berkshire Hathaway is close to finalizing a $10 billion deal to acquire Occidental's petrochemical unit, a move that underscores its strategy to streamline operations and tackle its substantial $24 billion debt. This acquisition not only highlights Berkshire's confidence in the petrochemical sector but also reflects a broader trend of consolidation in the oil and gas industry, which could lead to increased efficiency and profitability.
Read full article
via Financial Times
Berkshire Hathaway in talks to buy Occidental’s OxyChem for $10 billion - WSJ
Investing.com2 days ago
Berkshire Hathaway in talks to buy Occidental’s OxyChem for $10 billion - WSJ
PositiveFinancial Markets
Berkshire Hathaway is reportedly in discussions to acquire Occidental's OxyChem division for $10 billion, a move that could significantly enhance its portfolio in the chemical sector. This acquisition is noteworthy as it reflects Berkshire's ongoing strategy to invest in companies with strong fundamentals and growth potential, further solidifying its position in the market.
Read full article
via Investing.com
Berkshire Hathaway Near $10 Billion Deal for Occidental’s Petrochemical Unit
The Wall Street Journal2 days ago
Berkshire Hathaway Near $10 Billion Deal for Occidental’s Petrochemical Unit
PositiveFinancial Markets
Berkshire Hathaway, led by Warren Buffett, is on the verge of announcing a significant deal worth nearly $10 billion for Occidental's petrochemical unit. This potential acquisition marks one of the largest moves for the conglomerate in recent years, highlighting Buffett's continued confidence in the energy sector and strategic investments. Such a deal could reshape Berkshire's portfolio and further solidify its position in the market.
Read full article
via The Wall Street Journal
Latest from Financial Markets
Two killed in attack at Manchester synagogue
Financial Times32 minutes ago
Two killed in attack at Manchester synagogue
NegativeFinancial Markets
A tragic attack at a Manchester synagogue has left two people dead, with police identifying the perpetrator as a British citizen of Syrian descent. This incident has sparked outrage and condemnation, particularly from political leaders like Keir Starmer, who denounced the act as terrorism. Such violence not only affects the immediate victims and their families but also raises concerns about safety and community relations in the UK, highlighting the ongoing challenges of addressing extremism.
Read full article
via Financial Times
Earnings call transcript: SolarBank sees revenue decline but improves gross margin in Q4 2025
Investing.com35 minutes ago
Earnings call transcript: SolarBank sees revenue decline but improves gross margin in Q4 2025
NeutralFinancial Markets
In its latest earnings call, SolarBank reported a decline in revenue for Q4 2025, yet managed to improve its gross margin, indicating a potential shift towards more efficient operations. This is significant as it highlights the company's ability to adapt in a challenging market, which could bode well for future profitability and investor confidence.
Read full article
via Investing.com
Maison Solutions issues $3 million convertible note, plans World Coin acquisition
Investing.com36 minutes ago
Maison Solutions issues $3 million convertible note, plans World Coin acquisition
PositiveFinancial Markets
Maison Solutions has announced the issuance of a $3 million convertible note, signaling its intent to acquire World Coin. This move is significant as it highlights Maison's strategic growth plans and commitment to expanding its portfolio in the cryptocurrency sector, which could enhance its market position and attract more investors.
Read full article
via Investing.com
Kadant increases revolving credit facility to $750 million and extends maturity
Investing.com39 minutes ago
Kadant increases revolving credit facility to $750 million and extends maturity
PositiveFinancial Markets
Kadant has successfully increased its revolving credit facility to $750 million and extended its maturity, a move that strengthens its financial position and provides greater flexibility for future investments. This development is significant as it allows Kadant to better manage its capital and pursue growth opportunities, reflecting confidence in its business strategy and market potential.
Read full article
via Investing.com
Opinion | Volkswagen Gets What It Paid For
The Wall Street Journal39 minutes ago
Opinion | Volkswagen Gets What It Paid For
NegativeFinancial Markets
Volkswagen is currently grappling with a significant work stoppage that has financial implications for the company. This situation arises after VW welcomed a union last year, highlighting the complexities of labor relations in the automotive industry. The costly halt in production not only affects VW's operations but also raises questions about the future of labor negotiations and the balance between corporate interests and worker rights.
Read full article
via The Wall Street Journal
SurgePays notifies CFO Anthony Evers his contract will not be renewed
Investing.com41 minutes ago
SurgePays notifies CFO Anthony Evers his contract will not be renewed
NegativeFinancial Markets
SurgePays has informed its Chief Financial Officer, Anthony Evers, that his contract will not be renewed, marking a significant shift in the company's leadership. This decision raises questions about the company's future direction and financial strategy, as Evers has been a key figure in navigating its recent challenges. Stakeholders will be watching closely to see how this change impacts SurgePays' operations and overall performance.
Read full article
via Investing.com