The Latest Breaking News from OXY

Berkshire Hathaway gets a strong stand-alone business, while parent Oxy will get plenty of cash to pay down debt.

Occidental Petroleum stock sinks as Berkshire Hathaway confirms its $9.7 billion buyout of OxyChem. Here’s why the OXY share price decline on Thursday is worth buying.

Berkshire Hathaway's multi-billion-dollar acquisition of OxyChem signals a strategic deployment of cash into a stable, long-term industrial earnings engine.

Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) isn't just buying a business — it's buying a cash machine with staying power. The conglomerate is reportedly in advanced talks to acquire Occidental Petroleum Corp's (NYSE:OXY) petrochemical unit, OxyChem, for around $10 billion, despite the company generating roughly $5 billion in annual…

The U.S. stock market brushed aside worries over a potential government shutdown and advanced on Tuesday. The Dow Jones Industrial Average gained nearly 0.2% to 46,397.89, the SP 500 climbed about 0.4% to 6,688.46, and the Nasdaq rose 0.3% to 22,660.These are the top stocks that gained the attention of…

Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) is in talks to acquire Occidental Petroleum Corp.‘s (NYSE:OXY) chemical unit, OxyChem, in a deal valued at roughly $10 billion.

Occidental Petroleum Corporation (NYSE: OXY) shares are trading higher on Monday after reports emerged that the company is in advanced talks to sell its OxyChem petrochemicals division for approximately $10 billion.

Analysts see the carbon capture and sequestration market growing to the tune of over $14 billion by 2032. These three stocks can give investors exposure.

Occidental Petroleum has lagged behind the broader market over the past year, and Wall Street analysts maintain a cautious outlook on the stock’s prospects.

Occidental Petroleum will release its second-quarter earnings next month, and analysts anticipate a double-digit profit dip.

With Warren Buffett’s Berkshire Hathaway holding over 28% of its shares and company insiders also buying in, Occidental Petroleum is a cheap energy stock with strong fundamentals.