BRK-B · 10-Q · 2026Q1 · Full report
OxyChem Acquisition
BERKSHIRE HATHAWAY INC · 2026-05-04 · Importance 78 · Surprise 100 · In source text
On January 2, 2026, Berkshire acquired OxyChem, a chemicals business from Occidental Petroleum Corporation, and OxyChem’s results were included in Berkshire’s consolidated results beginning on the acquisition date. OxyChem produced $1.2 billion of revenues in Q1 2026 and generated a small pre-tax loss in the quarter, reflecting acquisition accounting amortization and increased plant maintenance, utilities and property tax expenses. The acquisition contributed materially to the industrial products group's revenue increase and higher consolidated manufacturing sales in Q1 2026. Berkshire flagged integration and acquisition accounting impacts as drivers of near-term volatility in OxyChem’s reported earnings.
Key facts
- On January 2, 2026, Berkshire acquired OxyChem for approximately $9.5 billion. source
- OxyChem was acquired on January 2, 2026 and its results are included in Berkshire’s consolidated results beginning as of the acquisition date; OxyChem revenues were $1.2 billion in Q1 2026 and it generated a small pre-tax loss in Q1 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +1.9% | OxyChem was acquired on January 2, 2026 and its results are included in Berkshire’s consolidated results beginning as of the acquisition… |
| cash | negative | realized | -0.8% | On January 2, 2026, Berkshire acquired OxyChem for approximately $9.5 billion. |
| assets | positive | realized | +0.8% | On January 2, 2026, Berkshire acquired OxyChem for approximately $9.5 billion. |
| operating_income | negative | realized | — | OxyChem was acquired on January 2, 2026 and its results are included in Berkshire’s consolidated results beginning as of the acquisition… |