Warren Buffett said on Saturday that he plans to step down by the end of this year as CEO of Berkshire Hathaway, and has named Greg Abel as his successor.
ExxonMobil delivered industry-leading financial results in the first quarter. The oil company expects to improve upon its performance in the coming years. ExxonMobil (NYSE: XOM) is the 800-pound gorilla in the oil sector.
The artificial intelligence arms race remains ongoing -- and certain to grow. Nvidia and Taiwan Semiconductor are key to supplying the necessary chips. Alphabet and MercadoLibre are actively integrating AI into everything they do.
Net earnings fall on wildfire losses; cash hoard hits $334B amid limited investment options
Berkshire admits defeat in the hottest deal game--and explains why it's refusing to play by Wall Street's rules.
OMAHA, Nebraska (Reuters) -Berkshire Hathaway Vice Chairman Greg Abel said on Saturday that "keeping the lights on" is no longer a priority for the conglomerate's utilities when the threat of wildfires becomes excessive. Abel spoke at Berkshire's annual shareholder meeting, as the conglomerate's PacifiCorp utility defends against a slew of litigation over wildfires in Oregon and northern California.
Enterprise Products Partners operates a large North American midstream business. The master limited partnership has a lofty 6.8% distribution yield. Enterprise has increased its distribution for more than a quarter of a century.
Berkshire executive Greg Abel is widely expected to succeed Warren Buffett as CEO. A shareholder asked Abel how his management style differs from Buffett’s. Buffett, who is famously hands off, jumped in.
Berkire Hathaway CEO Warren Buffett acknowledged that the “capital intensity” of tech companies is rising. A couple years ago, he had cited the lack of need for capital as one big advantage that tech companies had over others.
CEO Warren Buffett talked about two transactions regarding Berkshire Hathaway Energy. Buffett was asked about the times when Berkshire bought stakes in Berkshire Hathaway Energy from Berkshire executive Greg Abel and the estate of Walter Scott, a former Berkshire director who died in 2021. The purchase of the 1% stake from Abel was in 2022 at an implied valuation for BHE of about $87 billion.