Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.
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Warren Buffett’s Berkshire Hathaway
announced Thursday it reached a deal to buy Occidental Petroleum’s
petrochemical unit, OxyChem, for $9.7 billion in cash.
The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany. It also comes at a time in which the conglomerate is sitting on $344 billion in cash, near a record for the company.
Buffett wasn’t mentioned in materials on the deal, potentially signaling a passing of the torch to Vice Chair Greg Abel, who will…
The transaction reflects Buffett's investment acumen: buying a good business at an attractive price, while skirting the…
For the fifth straight quarter, the firm declined to buy back its own shares, even after sliding 12% since May, when Buffett said…
Berkshire's operating profit generated from the conglomerate's wholly owned businesses including insurance and railroads jumped…
The move underscores Greg Abel's willingness to look past a deal that has long stood out as a rare blemish in Buffett's otherwise…
The Omaha-based conglomerate bought more than 5 million shares in the healthcare firm for a stake worth about $1.6 billion at the…
