Berkshire Hathaway Completes OxyChem Acquisition

Berkshire Hathaway has completed its acquisition of Occidental Petroleum’s OxyChem subsidiary, adding a chemicals business to its diversified portfolio. The OxyChem unit specializes in chlor-alkali products, including caustic soda, chlorine, and vinyls.

The acquisition expands Berkshire’s chemicals segment and creates an additional earnings engine alongside its existing industrial holdings. The article frames the move as consistent with Berkshire’s long-term, value-driven diversification approach, while also supporting Occidental’s stated debt-reduction strategy.

OxyChem is positioned as a fit with Berkshire’s broader conglomerate model that combines insurance float with investments across industrial sectors.