Berkshire vs. Occidental: Who Actually Won the $10 Billion Chemicals Deal?
Berkshire Hathaway and Occidental Petroleum have a longstanding working relationship, and Occidental is selling its chemicals business to Berkshire. The deal is expected to benefit both companies over the long term.
Why it matters — OXY watchers would care because the sale of the chemicals business could shape Occidental's portfolio and long-term outlook while strengthening its ongoing partnership with Berkshire.