Greg Abel Assumes CEO Role as Berkshire Oversees $350B Cash; Acquires OxyChem
Greg Abel appointed CEO effective Jan. 1, 2026, succeeding Warren Buffett; he will oversee deployment of Berkshire’s record $350+ billion cash reserves. Berkshire completed a $9.7 billion acquisition of OxyChem, expanding its industrial chemicals footprint across the U.S., Canada and Latin America.
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