# Berkshire Hathaway to acquire OxyChem from Occidental for $9.7B

Berkshire Hathaway agreed to acquire Occidental's chemical business OxyChem for $9.7 billion in cash. The transaction is expected to close in Q4 2025.

- Type: Acquisition
- Announced: 2025-10-02
- Where: United States
- Value: $9.70B
- Status: announced
- Products: commodity chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Berkshire Hathaway](https://endata.com/companies/21630.md) (acquirer)
- [Occidental](https://endata.com/companies/55826.md) (target)
- [OxyChem](https://endata.com/companies/87582.md) (target)

## Sources

- [oxy.com](https://www.oxy.com/news/news-releases/berkshire-hathaway-inc.-to-acquire-oxychem), 2025-10-02: "This transaction strengthens our financial position and catalyzes a significant resource opportunity we’ve been building in our oil and gas business for the last decade."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.