Greg Abel's 2 Big Acquisitions This Year Cost Berkshire Hathaway About $16 Billion, Less Than 5% of Its Cash Pile
Is Greg Abel just getting started, or is this his acquisition approach for the post-Buffett era?
Greg Abel, CEO of Berkshire Hathaway since Warren Buffett's retirement, has made two significant acquisitions this year, spending a combined $16.5 billion, or about 4.5% of the company's $365.5 billion cash reserves as of Q2 2026. The first was the $9.7 billion purchase of OxyChem, a former petrochemical division of Occidental Petroleum, in January.
Analysts perceived the deal as a low valuation acquisition, which could benefit Occidental shares long-term. The second acquisition in May was Berkshire's $6.8 billion purchase of Taylor Morrison Homebuilders, paying a 24% premium for the publicly traded company. These acquisitions, both under $10 billion, reflect Abel's approach of avoiding large-scale deals, similar to Warren Buffett's strategy.
While Abel may introduce some changes by pursuing synergistic deals, Berkshire shareholders can expect steady growth and stability under his leadership.
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