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Occidental Petroleum’s chemical unit called OxyChem for $9.7 billion in cash. It’s Buffett’s biggest purchase since 2022. And it’s yet another classic move of picking up a strong business at a bargain price. Occidental is weighed down by heavy debt and a big need for cash – and so it agreed to sell OxyChem. It did so at a time when chemical markets are near the bottom of their cycle. Also, Occidental will keep OxyChem’s environmental liabilities. That’s about $1.9 billion according to the company’s latest filing. Occidental will also miss out on future cash flow from OxyChem’s Battleground plant expansion – which is set to come online in 2026. JPMorgan estimates that project could’ve boosted Occidental’s cash flow by $460 million a year starting then. After factoring in roughly $1.7 billion in taxes… JPMorgan puts the after-tax value of the sale closer to $8 billion. Buffett didn’t just buy OxyChem. He bought it at the bottom of the cycle… left the liabilities behind… and secured more cash flow for Berkshire. It’s a masterclass in deal-making. Ian Wyatt *** Featured Research *** PayPal’s 180 on crypto reflects the growing demand for stablecoins – especially after President Trump signed the GENIUS Act. Here’s why this is creating a $3.7 trillion opportunity in the crypto market. Prediction: THIS Will Replace Banks One major British bank predicts that a new type of cryptocurrency could replace banks around the world. Here’s why the bank says this cryptocurrency could grow 567% within the next 3 years. JD Vance Drops Massive Crypto Confession Vice President JD Vance says Bitcoin is a “strategically important asset for the U.S. over the next decade.” This is the first administration that’s embracing cryptocurrencies – and passing pro-crypto laws. Discover why this is incredibly bullish for these 5 hidden cryptos.
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