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Berkshire Hathaway invested $9.7 billion in OxyChem, signaling confidence in the chemical sector.
Berkshire Hathaway, led by Warren Buffett, has made a significant $9.7 billion investment in OxyChem, a subsidiary of Occidental Petroleum, signaling strong confidence in the chemical company.
The move comes as Greg Abel, Buffett’s designated successor, takes on greater leadership responsibilities within the conglomerate.
The investment underscores Berkshire’s continued focus on industrial and energy-related assets amid shifting market dynamics.
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Berkshire Hathaway invirtió $ 9,7 mil millones en OxyChem, señalando confianza en el sector químico.