#CNBC Occidental Petroleum CEO on Berkshire Hathaway buying OxyChem for $9.7 billion

Occidental Petroleum CEO on Berkshire Hathaway buying OxyChem for $9.7 billion
Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash.

Occidental CEO Vicki Hollub explains what the company plans to do with the money.

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