Warren Buffett's Berkshire Hathaway to invest $10 billion in Occidental for Anadarko buy
FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni
Occidental and Chevron Corp are locked in a battle to buy Anadarko’s prized assets in West Texas’ huge Permian shale oil field, the biggest oil-industry takeover in years. “We are thrilled to have Berkshire Hathaway’s financial support on this exciting opportunity,” Occidental Chief Executive Officer Vicki Hollub said.
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