Berkshire Hathaway Stock News

OMAHA, Neb.--(BUSINESS WIRE)--Berkshire Hathaway today announced it has completed the acquisition of OxyChem from Occidental for $9.7 billion, subject to customary post-closing purchase price adjustments. OxyChem is a leading producer of essential chemistry with operations in the U.S., Canada and Latin America. Headquartered in Dallas, Texas, OxyChem is a top three U.S. manufacturer of polyviny...

Berkshire has "a better chance I think of being here 100 years from now than any company I can think of," Buffett said.

Berkshire's cash position is near a record. I predict Berkshire will start paying out some of its earnings in dividends.

Warren Buffett has handed over the CEO reins to Greg Abel after a six-decade run. From 1964 to 2024, Berkshire delivered a compounded annual gain of 19.9%, nearly double the S&P 500's 10.4%.

While change for the company Buffett bought six decades ago is likely to be gradual, it is also inevitable.

Over the last couple of years, Berkshire has reduced its position in Apple stock by more than 70%. For years, Berkshire has been stockpiling cash and collecting interest on Treasury bills.

As Warren Buffett passes the torch to Greg Abel, a mountain of cash is top of mind.

Berkshire Hathaway provides an "anchor" to a portfolio with its massive war chest of cash. Apple's business is seeing accelerating momentum.