Deals

Occidental Swears Off New Big Deals Post-Berkshire Chemical Sale

Berkshire Buying Occidental’s Chemical Unit in $9.7 Billion Deal

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By David Wethe

October 2, 2025 at 3:31 PM UTC

Occidental Petroleum Corp. is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc.

“I believe we are done with the big deals,” Occidental Chief Executive Officer Vicki Hollub said in an interview Thursday. “This pretty much gets us where we need to be.”