Warren Buffett is reportedly eyeing Berkshire Hathaway’s biggest deal in three years

Warren Buffett’s Berkshire Hathaway It will close an agreement to buy Occidental Petrol Petrochemical Unit Oxychem about $ 10 billion, Wall Street Journal reported on Tuesday.

The potential agreement, which can be finalized per magazine within days, has been the greatest since 2022, when he bought insurer Alleghany for $ 11.6 billion. This agreement was announced in March of that year and completed in October 2022. Berkshire is sitting with a record cash stack of $ 344 billion.

95 -year -old Buffett resigned as Berkshire CEO at the end of 2025, but will remain president. Greg Abel, CEO of Berkshire Hathaway Energy, Berkshire Hathaway Energy, is known for his strong expertise in the energy industry.

Despite the report of WSJ, the Houston -based energy company shares fell 1.8% on Tuesday.

Omaha -based Konglomera had more than $ 11 billion of Occidental stocks or 28.2%. 95 -year -old Buffett said he would not get full control of the oil company, which was previously founded by legendary oilman Armand Hammer.

Buffett helped Bankroll in 2019 OCCENTAL’S PURCHASES With a commitment of $ 10 billion, he receives orders to buy the preferred stocks and stocks in return.

After reading a transcript of the oil company’s earning conference meeting, the billionaire investor began to buy Occidental Ordinary Share in the open market at the beginning of 2022. Covid Pandemik’deki increased volatility to collect the shares in a discounted.

Occidental also pays 2% dividend return and invests in a carbon capture business.

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