OxyChem

For many years, Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) CEO Warren Buffett offered a $1 million per year for life prize to any employee who got the first 48 games right in the annual March Madness Men's Basketball Tournament. A rule change has led Buffett and the company to be more lenient about...

Occidental Petroleum Corp (NYSE:OXY) has delivered one of its most aggressive balance-sheet cleanups in years, slashing billions in debt and boosting shareholder returns — all while deepening its ties with Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK). • Occidental Petroleum...

Warren Buffett's OxyChem purchase might not just be about polyester or polyvinyl — it might be about picking up exposure to China's chemical overcapacity. Occidental Petroleum Corp (NYSE:OXY) has openly cited increasing competition from Chinese chemical exporters as a key reason to jettison OxyChem...

Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) isn't just buying a business — it's buying a cash machine with staying power. The conglomerate is reportedly in advanced talks to acquire Occidental Petroleum Corp's (NYSE:OXY) petrochemical unit, OxyChem, for around $10 billion, despite...

The U.S. stock market brushed aside worries over a potential government shutdown and advanced on Tuesday. The Dow Jones Industrial Average gained nearly 0.2% to 46,397.89, the S&P 500 climbed about 0.4% to 6,688.46, and the Nasdaq rose 0.3% to 22,660.These are the top stocks that gained the...

Despite reporting a mixed fourth quarter, Occidental Petroleum Corp. (NYSE:OXY) reduced its near-term debt seven months ahead of schedule during the period. The company also set an ambitious target of further debt reduction during the first quarter of 2025. What Happened: The president and CEO of...