Warren Buffett’s Final Major Acquisition: What OxyChem Deal Means for Berkshire Hathaway
Warren Buffett has likely placed his last strategic bet. The Berkshire Hathaway CEO, set to step down this year, secured a $9.7 billion all-cash deal for Occidental Petroleum's OxyChem unit—marking his first major MOVE since 2022. The petrochemical giant dominates its niche, supplying critical chemicals for water treatment, healthcare, and construction.
OxyChem mirrors Buffett's playbook: cash-generating, recession-resistant, and scalable. With $325 million in projected annual EBITDA from facility upgrades, the acquisition echoes Berkshire's 2011 Lubrizol purchase. This coda to Buffett's dealmaking reinforces Berkshire's industrial tilt as leadership transitions.