Latest news and articles about Occidental Petroleum
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Greg Abel’s first shareholder letter as Berkshire Hathaway CEO underscores continuity with Warren Buffett’s approach while acknowledging setbacks in 2025: net income fell year‑on‑year and operating profits were weighed down by insurance weakness and write‑downs. The company retains a massive cash reserve and a concentrated equity portfolio, leaving Abel the strategic choice of how and when to deploy capital.
