Greg Abel News

Berkshire Hathaway Energy has agreed to purchase a 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash.

Subscribe to enjoy similar stories.Shareholders at Berkshire Hathaway’s early-May annual general meeting, often described as a pilgrimage for many who idolize Warren Buffett, might have been puzzled by some aspects of CEO Greg Abel’s presentation. Abel, a long-time lieutenant to Buffett who took over as CEO at the beginning of this year, underlined that he planned to continue with the Buffett tradition of buying undervalued businesses.

Subscribe to enjoy similar stories.One of the more surprising stock stories of 2026 has to be Coca-Cola’s year-to-date outpacing of the S&P 500 index and its ancient foe, PepsiCo—with the latter point being as significant as the former to well-versed investors.Of course, this is the shortest of short time periods, the very opposite of what Coke’s biggest champion, Warren Buffett, the recently retired CEO of Berkshire Hathaway, would consider prudent. In fact, over the past nine years—basically the tenure of Coke’s former CEO James Quincey, who stepped down on March 31—Coke’s stock performance has been decidedly meh versus the market, though again, superior to Pepsi’s, for those keeping score at home.Why, then, does Berkshire continue to hold 400 million shares of Coke, a stake that Buffett built in the late 1980s and now worth some $31 billion, accounting for 9.3% of that company and 9.6% of Berkshire’s investment portfolio? (Note that new Berkshire CEO Greg Abel has called Coke one of Berkshire’s “core four” investments, along with Apple, Moody’s, and American Express.)A look at the current state of Coke—“by America’s side for 140 years of its 250 years”—provides some compelling clues.First, let’s acknowledge the brisk headwinds Coke faces.

Subscribe to enjoy similar stories.Patience may be the greatest virtue, but few professional investors have the privilege of practising it. In real life, money managers live in constant fear that their investors will flee—and their jobs will be toast—if they fail to keep up with their benchmarks for several quarters or, heaven forbid, years. The only living exception is Warren Buffett.

Subscribe to enjoy similar stories.Berkshire Hathaway may be de-emphasizing its smaller stock picks under CEO Greg Abel and the selloff Monday in Domino’s Pizza would support such a pullback.Berkshire owned just under 10% of Domino’s—some 3.35 million shares—at year-end. The stock fell nearly 9% Monday to $335.51 and hit a new 52-week low earlier in the session after the company reported results for the March that missed the consensus estimate on both revenue and earnings.Berkshire bought most of its stake in late 2024 at what Barron’s estimates is a price of between $400 and $450 and added to the holding in the fourth quarter of 2025.

Buffett stepped down as its CEO after 60 years in the role. He announced the decision at the company's annual shareholder meeting in May, citing the physical effects of ageing.Buffett had taken control of Berkshire in 1965, when it was a struggling textile manufacturer. Alongside his partner Charlie Munger, who passed away in 2023, he built it into a sprawling conglomerate with holdings spanning insurance, railroads, energy, utilities, manufacturing, and consumer goods.

Write to Ian Salisbury at [email protected] U.S.-Israel war against Iran that began on Feb. 28 has investors worried about broader fallout. On Friday, oil prices hit a psychologically important $90 a barrel for the first time in two years as Kuwait cut output.

Subscribe to enjoy similar stories. Berkshire Hathaway’s filing of its fourth-quarter equity holdings expected Tuesday will be scrutinized for any moves by Warren Buffett and his investment lieutenants during Buffett’s final quarter at the helm of the company. Buffett handed the reins to new CEO Greg Abel at the end of 2025, but remains chairman.

Subscribe to enjoy similar stories. In taking over as chief executive of Berkshire Hathaway earlier this month, Greg Abel faced questions about whether he’s ready to step out of Warren Buffett’s shadow. But the transition reminded some investors of another executive—Abel’s former boss—who for years was considered most likely to take the reins at one of the world’s best-known companies.

Subscribe to enjoy similar stories. Berkshire Hathaway’s top ranks are changing hands as it prepares for the imminent retirement of its founder Warren Buffett. One of Buffett’s top lieutenants, Todd Combs, Berkshire’s investment manager and chief executive of its Geico insurance unit, is stepping down to join JPMorgan Chase to head up the bank’s recently launched security and resiliency initiative.

Subscribe to enjoy similar stories. Berkshire Hathaway’s top ranks are changing hands as it prepares for the imminent retirement of its founder Warren Buffett. One of Buffett’s top lieutenants, Todd Combs, Berkshire’s investment manager and chief executive of its Geico insurance unit, is stepping down to join JPMorgan Chase to head up the bank’s recently launched security and resiliency initiative.

Warren Buffett's love for Japanese stocks grows fonder even as he increasingly sells U.S. equities.

Warren Buffett's latest shareholder letter contains the usual folksy mix of wisdom and humor. But it also strikes a more contemplative tone, reflecting on the divergent mortality of the company and its chief architect. On Berkshire Hathaway Inc., Buffett is upbeat. “Companies die for many reasons but, unlike the fate of humans, old age itself is not lethal. Berkshire today is far more youthful than it was in 1965,” he writes.

Warren Buffett celebrated the successes of Berkshire Hathaway's companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate. Buffett opened the letter by acknowledging that he has occasionally made mistakes over the years without offering many specific examples, but he assured shareholders that the man he has chosen to one day succeed him as CEO, Greg Abel, isn't one of them. He wrote that Abel will be ready to act whenever he spots significant investment opportunities.

Berkshire Hathaway's Vice Chairman Ajit Jain has sold more than half of his stake in the company, garnering $139 million, according to a media report. According to the SEC filing, Jain sold 200 of his class A common stocks at an average of $695,418 per share, just days after Berkshire Hathaway hit the $1 trillion market cap. The share sale is 54% of Jain's total stake in Berkshire, a Moneycontrol report said.

Warren Buffett has built his reputation not only as a successful investor but also as someone who has profoundly simplified the art of investing by sharing his key insights through his lectures, speeches, interaction with the Berkshire Hathaway shareholders, and also through his annual letters with shareholders. The more one tries to read between the lines of his letters, the better it appears. Here we try to recapitulate some of the key money lessons he has shared with the investors in the recent past.

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone

Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan. Abel put his encyclopedic knowledge of the utility business that he led directly for years on display and delved into railroad operations and potential acquisitions that Berkshire pursued while sharing the stage with Buffett all day.

Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments

Warren Buffet's Berkshire Hathaway Q1 operating profit rises 39% to $11.22 billion, net income drops 64% YoY Let's take a look at the five key highlights from Warren Buffett’s Berkshire Hathaway annual meeting Giving rest to speculations, Warren Buffett said Greg Abel, 61, who will be taking over the CEO job at Berkshire Hathaway, will control Berkshire Hathaway’s investing decisions, including its stock portfolio, after him. “I think the responsibility ought to be entirely with Greg.

OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm.

Warren Buffett will command centrestage at Berkshire Hathaway's annual meeting on Saturday, but someone who won't be there is his influential sidekick Charlie Munger. The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November.