Occidental Petroleum is an international oil and gas exploration and production company that focuses on the development of hydrocarbon resources. With operations spanning various regions around the globe, Occidental engages in the extraction of oil and natural gas, and is also involved in the chemical manufacturing sector, producing products used in a variety of industries. The company emphasizes sustainable practices and innovation in its operations, aiming to enhance environmental stewardship while delivering energy solutions to meet global demands. Read More
Occidental Petroleum (NYSE: OXY) is a prominent international energy company currently undergoing a significant strategic transformation, with its recent activities and future direction heavily in focus as of October 2, 2025. Headquartered in Houston, Texas, Occidental is primarily engaged in the acquisition, exploration, and development of oil and gas properties across the United States, including [...]
Berkshire Hathaway's multi-billion-dollar acquisition of OxyChem signals a strategic deployment of cash into a stable, long-term industrial earnings engine.
On the second day of the U.S. government shutdown, Wall Street remains largely subdued, with indexes showing only slight midday declines after touching fresh record highs at the open.
Occidental Petroleum Corporation (NYSE:OXY) shares are trading lower on Thursday. Berkshire Hathaway, Inc. (NYSE:BRK-A) (NYSE:BRK-B) agreed to acquire its OxyChem business for $9.7 billion in an all-cash deal.
Stay tuned for the market movements in the S&P500 index on Thursday. Check out the gap up and gap down stocks in the S&P500 index during today's session.
HOUSTON, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors has promoted Richard A. Jackson to Senior Vice President and Chief Operating Officer, overseeing global oil and gas operations, low-carbon integrated technologies and the midstream and marketing and health, safety and environment functions. He will continue reporting to Vicki Hollub, President and Chief Executive Officer. Jackson was named Senior Vice President and President, U.S. Onshore Resources and Carbon Management, Operations, in 2020.
Berkshire Hathaway (NYSE: BRK) and Occidental (NYSE: OXY) today announced a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for $9.7 billion, subject to customary purchase price adjustments. OxyChem is a global manufacturer of commodity chemicals vital to quality of life, with applications in water treatment, pharmaceuticals, healthcare and commercial and residential development.
As the global economy inches towards Q4 2025, the commodity market stands at a critical juncture, poised for a period of heightened volatility and diverging trends. While a broad softening of prices is anticipated across the board due to a projected global economic slowdown, specific commodity classes are charting markedly
The global oil market is bracing for a pivotal OPEC+ meeting on October 5, 2025, where the alliance is expected to deliberate on its oil output policy for November. With prevailing market sentiment leaning decidedly bearish, driven by anticipated supply increases from the cartel and burgeoning concerns over weakening global
JPMorgan analyst weighs in on reports of Occidental Petroleum discussing $10 billion sale of OxyChem to Berkshire Hathaway. Potential tradeoffs and impact on leverage ratio noted.
Markets closed in the green on Tuesday, undeterred by the looming U.S. government shutdown. Pfizer surged nearly 7% on a political deal, while CoreWeave soared after signing a multibillion-dollar AI cloud contract with Meta Platforms.
The U.S. stock market brushed aside worries over a potential government shutdown and advanced on Tuesday. The Dow Jones Industrial Average gained nearly 0.2% to 46,397.89.
