The Latest Breaking News from OxyChem

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Warren Buffett's Berkshire acquired Occidental Petroleum's petrochem business in a $9.7 billion cash deal, which will help Oxy lower its debt and repair its balance sheet, expected to help Buffett's common stock position, which is underwater.

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

Buffett's cash infusion will allow OXY to reward him with stock buybacks.

The deal could signal a passing of the torch from Buffet to Berkshire Vice Chair Greg Abel, who will become CEO in January

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…

More CFOs made moves in the first half of 2023, compared to the same period in 2022.

Their accounts contrast sharply with what chemical giants have said about worker safety at their facilities. At an Olin plant outside of McIntosh, Ala., workers recall decades of asbestos exposure.

While the U.S. considers finally banning the carcinogen, a group of men have come forward, saying they were exposed repeatedly while working at a chemical plant in New York.