Petrochemicals

Photo from Occidental Petroleum Corp.
Occidental Petroleum Corp. has agreed to sell its chemical subsidiary Occidental Chemical Corp. (OxyChem) to Berkshire Hathaway Inc. for $9.7 billion. OxyChem Ingleside ethylene operations shown here.
The sale allows Occidental to focus on upstream oil and gas operations while using the proceeds to reduce debt by $6.5 billion. Berkshire Hathaway plans to operate OxyChem as ...
Oct. 2, 2025