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Berkshire Hathaway buys Oxychem for record -breaking 9.7 billion!
Berkshire Hathaway acquires Oxychem for $ 9.7 billion, the largest acquisition since 2022. Financial strengthening for Occidental.
Berkshire Hathaway buys Oxychem for record -breaking 9.7 billion!
On October 3, 2025, Berkshire Hathaway made a definitive agreement with Occidental Petroleum to acquire Oxychem for a total of $ 9.7 billion. This has been the largest acquisition of the company since 2022 when $ 11.6 billion was spent on the insurance company Alleghany Corporation. The takeover of Oxychem is significant because the company produces chemicals for various industries, including water treatment, pharmacy and construction.
Greg Abel, the Vice President of Berkshire Hathaway, emphasized that the group acquires a strong portfolio of equipment with this acquisition. Vicki Hollub, the President and CEO of Occidental, spoke of the transaction as a measure to strengthen the company's financial position. Occidental plans to use about $ 6.5 billion of proceeds from selling its debts.
Sales of bank stocks and portfolio conversion
In addition to the acquisition, Berkshire Hathaway has recently sold shares in large US banks, including Bank of America, JPMorgan Chase and Wells Fargo. In the second quarter of 2023, 26,306,156 shares of Bank of America were sold at a price of around $ 47.57 per share. As early as the first quarter of 2023, Berkshire had sold 48.7 million stocks from Bank of America, which corresponded to a value of around $ 2.19 billion.
These changes in the portfolio indicate that Berkshire Hathaway wants to adapt its investment strategy. While the company previously invested heavily in the banking sector, it now seems to focus on companies such as Occidental who work in more stable areas.
The current developments underline the dynamic nature of Warren Buffett's investment rates and its willingness to realign themselves in order to secure long -term financial stability and growth. Experts and analysts will continue to observe how these movements will have an impact on the market and the financial performance of Berkshire Hathaway.
For further details about this transaction and the developments at Berkshire Hathaway, visit Daily Hodl.