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Occidental Swears Off New Big Deals Post-Berkshire Chemical Sale
MINT·2025-10-02 23:52

(Bloomberg) -- Occidental Petroleum Corp. is done with monster dealmaking after reaching its asset-sales target with the 9.7billionchemical−unitsaletoBerkshireHathawayInc.“Ibelievewearedonewiththebigdeals,”OccidentalChiefExecutiveOfficerVickiHollubsaidinaninterviewThursday.“Thisprettymuchgetsuswhereweneedtobe.”FollowingtheTexasoildriller’stransformationalpurchaseofCrownRockLPfor9.7 billion chemical-unit sale to Berkshire Hathaway Inc. “I believe we are done with the big deals,” Occidental Chief Executive Officer Vicki Hollub said in an interview Thursday. “This pretty much gets us where we need to be.” Following the Texas oil driller’s transformational purchase of CrownRock LP for 10.8 billion in August 2024, Hollub targeted as much as $6 billion in asset s ...