Buffett's $9.7B OxyChem Acquisition — Why Investing Experts Say It's Genius [Yahoo! Finance]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: Yahoo! Finance
What makes his company's most recent acquisition notable is its departure from their other recent sell-offs in various positions. It was recently announced that the conglomerate would be purchasing OxyChem , a petrochemicals business, from Occidental Petroleum (also known as Oxy) for $9.7 billion. This transaction is noteworthy because it's the most significant acquisition from Berkshire since 2022, and the move was made just ahead of Buffett departing as CEO GOBankingRates consulted financial and investing experts to gather insights into why this could be a genius move and what investors should take away from it. Here are the three main reasons why this deal is a brilliant move from Buffett: “At about eight times OxyChem's projected 2025 EBITDA, Berkshire acquired OxyChem at what Buffett considered a low price within an otherwise weak chemical industry, with peers like Dow selling at lower valuations,” said Kira Byrd, the chief accountant and co-owner at Curl Centric The en
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News
- Occidental Petroleum's Quarterly Earnings Preview: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Occidental (OXY) Sells OxyChem, Scotiabank Lowers PT [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (NYSE:OXY) had its price target lowered by analysts at Scotiabank from $47.00 to $46.00. They now have a "sector perform" rating on the stock.MarketBeat
- The Bull Case For Dow (DOW) Could Change Following CTO Transition And Sustainability Power Shift [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum Corporation (OXY): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
OXY
Earnings
- 11/10/25 - Beat
OXY
Sec Filings
- 1/20/26 - Form 8-K
- 1/2/26 - Form 8-K
- 12/17/25 - Form 4
- OXY's page on the SEC website