Warren Buffett’s Berkshire Hathaway on Thursday announced a $9.7 billion cash deal to buy Occidental Petroleum’s petrochemical subsidiary, OxyChem, marking its largest acquisition since 2022, when it paid $11.6 billion for insurer Alleghany. The transaction comes as Berkshire sits on a near-record $344 billion in cash, underscoring Buffett’s strategy of deploying capital into large, established
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