Berkshire Hathaway is acquiring Occidental Petroleum's chemical division, OxyChem, for $9.7 billion, a deal potentially marking a leadership transition to Greg Abel. While Warren Buffett's direct mention was absent, his influence is widely assumed. This significant acquisition, though using under 3% of Berkshire's cash, will substantially help Occidental reduce its considerable debt.
Berkshire Hathaway to pay $9.7 billion for OxyChem, potentially Warren Buffett's last big deal
