Warren Buffett Retires as CEO of Berkshire Hathaway
Warren Buffett officially retired as CEO of Berkshire Hathaway on December 31, 2025, after a six-decade tenure that transformed the company into a trillion-dollar enterprise. He has handed over leadership to Greg Abel.
In the lead-up to his retirement, Buffett significantly reduced Berkshire’s stake in Bank of America (NYSE: BAC) by selling 515 million shares, approximately 50% of Berkshire’s holdings, translating to a cumulative sale of about $187 billion over 13 consecutive quarters. Concurrently, he invested approximately $1.2 billion in Chevron (NYSE: CVX), acquiring over 8 million shares, which have seen a year-to-date price increase of 25%.
The strategic moves reflect Buffett’s approach to valuing investments, aligning with Berkshire’s future growth prospects. While BofA’s shares were trading at a premium to book value, Chevron’s integrated oil and gas operations continue to attract investment due to its solid capital-return program.
