Occidental Petroleum Mergers & Acquisitions

Occidental Petroleum M&A Summary

Occidental Petroleum has acquired 10 companies, including 3 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 7 assets.

Occidental Petroleum’s largest acquisition to date was in 2019, when it acquired Anadarko Petroleum for $57.0B. It’s largest disclosed sale occurred in 2025, when it sold OxyChem to Berkshire Hathaway for $9.7B. Occidental Petroleum has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (56%) and chemicals (23%).

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity9
    • M&A Sell Activity7
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 13

Occidental Petroleum

Occidental Petroleum Corp.

5 Greenway Plaza, Suite 110,
Houston, Texas 77046
United States,
(713) 215-7000
www.oxy.com

All (16) Buy (9) Sell (7)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-10-02 OxyChem · Chemicals
Houston, Texas

OxyChem is a global manufacturer of commodity chemicals vital to quality of life, with applications in water treatment, pharmaceuticals, healthcare, and commercial and residential development.

9,700 Divestiture

Berkshire Hathaway

Occidental Petroleum
Advisors: Barclays Investment Bank , Cravath, Swaine & Moore


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