Methanex Corporation Acquires OCI Methanol from OCI Global

Methanex Acquires OCI Methanol from OCI Global for $1.6 Billion

June 27, 2025

Energy

Methanex Corporation has completed the acquisition of 100% of OCI Global's methanol business (OCI Methanol) for USD 1.6 billion on a cash‑free, debt‑free basis, consisting of approximately USD 1.3 billion of cash and 9.9 million Methanex common shares. The deal transfers multiple methanol production assets (including facilities in Beaumont, Texas and Delfzijl, Netherlands, and OCI's HyFuels low‑carbon business) to Methanex and enables OCI to return capital to shareholders and reduce debt.

ADNOC Acquires OCI's 50% Stake in Fertiglobe

October 15, 2024

Manufacturing

Abu Dhabi National Oil Company (ADNOC) has completed the purchase of OCI Global’s entire 50%+1 equity stake in Fertiglobe for USD 3.62 billion on a cash-free debt-free basis, increasing ADNOC's ownership in Fertiglobe to 86.2%. The transaction marks OCI's full exit to monetize its investment; Fertiglobe's board re‑appointed Ahmed El‑Hoshy as CEO effective 15 October 2024 and the ADX free float remains at 13.8%.

Woodside Energy Acquires OCI's 1.1 Mtpa Clean Ammonia Project in Beaumont, Texas

August 5, 2024

Energy

Woodside Energy Group Ltd completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., taking ownership of the 1.1 million tonne-per-annum Clean Ammonia project in Beaumont, Texas, for approximately USD 2.35 billion (cash-free, debt-free). OCI will continue to manage construction and commissioning through provisional acceptance; first ammonia is targeted in 2025 and lower‑carbon ammonia in 2026, with USD 1.88 billion paid at closing and the remaining USD 470 million payable at project completion.

Berkshire Hathaway Acquires OxyChem from Occidental

January 3, 2026

Manufacturing

Berkshire Hathaway has completed the acquisition of OxyChem from Occidental for $9.7 billion, subject to customary post-closing purchase price adjustments. OxyChem, headquartered in Dallas, Texas, is a major U.S. chemical manufacturer (PVC, chlor-alkali, chlorinated organics, calcium chloride) with operations across the U.S., Canada and Latin America and will remain led by CEO Wade Alleman.

ConocoPhillips Acquires Marathon Oil Corporation

May 29, 2024

Energy

ConocoPhillips has acquired Marathon Oil Corporation in an all-stock transaction (0.2550 COP shares per Marathon share) with an enterprise value of $22.5 billion (including $5.4 billion of net debt). The deal, approved by Marathon shareholders and completed in November 2024, expands ConocoPhillips' U.S. Lower 48 portfolio, is immediately accretive, and is expected to deliver significant cost and capital synergies.

Chevron Acquires Equity Interest in American Natural Gas LLC (Beyond6) from Mercuria

October 1, 2021

Energy

Chevron U.S.A. Inc. closed its previously announced acquisition of an equity interest in American Natural Gas LLC (operator of the Beyond6 CNG fueling network), acquiring a network of about 60 compressed natural gas stations across the United States from Mercuria Energy Trading. The deal expands Chevron's alternative-fuels footprint and supports its strategy to grow lower-carbon and renewable natural gas distribution capabilities.