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Berkshire's OxyChem: A $9.7B Lubrizol Echo, 15 Years On cover

Berkshire's OxyChem: A $9.7B Lubrizol Echo, 15 Years On

Published Sat 11 April 2026 in Subsidiaries / Manufacturing
Tags: OxyChem / Oxy / Warren Buffett

Berkshire closed January 2, 2026 by absorbing Occidental's OxyChem chemicals business for $9.7 billion cash — the same headline price Buffett paid for Lubrizol in 2011. The deal carries an unusual lineage: Lubrizol's CEO Rebecca Liebert now also runs OxyChem inside Berkshire.

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