The Latest Breaking News from OXY

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.

Buffett’s $9.7B OxyChem deal trims Occidental’s debt, but investors question if losing steady cash flow leaves OXY too oil-dependent.

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.