Warren Buffett’s Berkshire to invest $10-billion in Occidental for Anadarko buy GlobeBusiness
Occidental Petroleum Corp said on Tuesday that Warren Buffett’s Berkshire Hathaway Inc. would invest $10 billion in the U.S oil and gas company to help fund its acquisition of smaller rival Anadarko Petroleum Corp.
Occidental made a $38 billion offer for Anadarko last week, trumping Chevron Corp’s $33 billion bid from earlier this month. “We are thrilled to have Berkshire Hathaway’s financial support of this exciting opportunity,” Occidental chief executive officer Vicki Hollub said.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to
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