Overview
- Operating earnings fell about 30% to $10.2 billion after write-downs on stakes in Kraft Heinz and Occidental Petroleum.
- Year-end cash holdings reached $373.3 billion, with Abel reiterating no immediate plans for major deployment or dividends.
- Abel indicated Berkshire could sell part or all of its roughly 325 million Kraft Heinz shares.
- Warren Buffett remains chairman and continues to be actively involved at the company, according to Abel.
- Abel ruled out buying another major railroad, cited wildfire litigation pressures at PacifiCorp, and detailed a new staged Q&A format for May’s shareholder meeting with key managers.