Warren Buffet BioSnap a weekly updated Biography.

The Warren Buffett news cycle is ablaze with the seismic announcement that the Oracle of Omaha is making his final bow as CEO of Berkshire Hathaway, capping a monumental six-decade run. According to Fortune, Buffett officially steps down at the end of 2025, handing the CEO mantle to Greg Abel, long groomed for leadership, while retaining the chairman role for continuity. This marks arguably the most significant transition in global business leadership, fueling debate about whether Berkshire’s future success can ever replicate Buffett’s singular legacy.

But Buffett is departing with trademark flair: Wealthion and Capital.com report his largest acquisition in years, a $9.7 billion all-cash deal for Occidental Petroleum’s chemicals arm, OxyChem, expected to close by year’s end pending regulatory approval. Analysts are calling this a classic value move, as Buffett paid just 11 times earnings for a stable, profit-churning industrial asset—a quintessential Buffett bargain in a market he has long deemed too frothy. Some market watchers see this as Buffett’s “last dance” investment, a capstone before stepping away from the deal table. Since news broke, Occidental shares plummeted 14 percent, suggesting Wall Street believes Berkshire got the better end of the trade.

Meanwhile, Berkshire Hathaway’s quarterly results, as noted by Morningstar and Barchart, remain robust. Q3 operating earnings jumped 34 percent year-over-year to $13.5 billion, buoyed by a major rebound in insurance underwriting and standout results from core holdings. Yet, the stock has underperformed the S&P 500, in part due to uncertainty surrounding the leadership transition. Buffett, characteristically, remains unfazed, reaffirming in 2025 that no stock split is planned for Berkshire’s legendary Class A shares, cementing his legacy of catering to long-haul investors rather than traders.

On the social media and business front, Berkshire issued $1.4 billion in yen bonds, triggering fresh speculation of renewed investments in Japanese firms. In tech chatter, Policy Futures reports that while Peter Thiel cashed out of Nvidia, Berkshire made a stealth bet on Alphabet, signaling Buffett’s quiet but continued faith in America’s tech leaders.

Buffett’s transition has spurred a new round of tributes on X, with financial pros hailing his “leadership at its most selfless,” per Fortune, and retail fans reminiscing about the staggering wealth compounding since 1965. His parting philanthropic moves also made headlines, as he pledged increased gifts to his children’s foundations and the Gates Foundation. Even as he exits center stage, the Buffett mystique and scrutiny show no sign of fading, with his every move and principle still dominating financial headlines and investor gossip columns alike.

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Buffett's Last Dance: Occidental Deal, CEO Exit, and Berkshire's Future

Warren Buffet - Biography Flash