Berkshire Hathaway’s $10 Billion Investment In Occidental Petroleum Corporation

Cravath advised Occidental Petroleum Corporation in connection with its investment from Berkshire Hathaway.

Berkshire Hathaway, Inc. has committed to invest a total of $10 billion in Occidental, contingent upon Occidental entering into and completing its proposed acquisition of Anadarko.

Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol) is a company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile.

The Cravath team represented Occidental in connection with its investment from Berkshire Hathaway was led by partner Andrew J. Pitts (Picture) on capital markets matters and partners Faiza J. Saeed, George F. Schoen and Allison M. Wein on M&A matters, and included associates Nicolas R. Yamagata and Charles A. Dobb on capital markets matters; associates Daniel J. Cerqueira and Claudia J. Ricciardi on M&A matters; partners Lauren Angelilli and Kara L. Mungovan and associates Arvind Ravichandran and Jiyeon K. Barta on tax matters; and partner Christine A. Varney, senior attorney Jesse M. Weiss and practice area attorney Kate F. Stamell on antitrust matters.

Involved fees earner: Lauren Angelilli – Cravath Swaine & Moore; Jiyeon Barta – Cravath Swaine & Moore; Daniel Cerqueira – Cravath Swaine & Moore; Charles Dobb – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Arvind Ravichandran – Cravath Swaine & Moore; Claudia Ricciardi – Cravath Swaine & Moore; Faiza Saeed – Cravath Swaine & Moore; George Schoen – Cravath Swaine & Moore; Kate Stamell – Cravath Swaine & Moore; Christine Varney – Cravath Swaine & Moore; Allison M. Wein – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore; Nicolas Yamagata – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Occidental Petroleum Corporation ;

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Author: Ambrogio Visconti