Occidental Ends Pursuit of Large Transactions After Berkshire Deal

In The Woodlands, Texas, Occidental Petroleum has marked a significant shift in strategy.

With the sale of its chemical division to Berkshire Hathaway for $9.7 billion, Occidental Petroleum Corp. has successfully concluded its objective of divesting substantial assets.

Speaking on Thursday, CEO Vicki Hollub expressed, 'We consider ourselves finished with major acquisitions. This achievement positions us exactly where we need to be.'