OccidentalHOUSTON, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today it has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway (NYSE: BRK.A, BRK.B) for $9.7 billion in cash, subject to customary purchase price adjustments. Occidental expects to expend funds for remediation over many years based on the approved workplans. About OccidentalOccidental produces , markets and transports oil and natural gas to maximize value and provide resources fundamental to life. Headquartered in Houston, Occidental primarily operates in the United States, Middle East and North Africa. Unless legally required, Occidental does not undertake any obligation to update, modify or withdraw any forward-looking statement as a result of new information, future events or otherwise.

Source: The North Africa Journal January 02, 2026 14:53 UTC