Berkshire Hathaway
American multinational conglomerate holding company
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2025 | Planned start of phased coal power station closures, with 15 additional stations to be ceased between 2025 and 2030. |
2025 | Reuters investigation revealed Berkshire Hathaway Energy continues operating highly polluting coal-fired power plants in the United States, facing criticism for plans to maintain these plants until at least 2049 despite environmental and public health concerns. |
January 2025 | The Consumer Financial Protection Bureau filed a lawsuit against Vanderbilt Mortgage and Finance, a Berkshire Hathaway subsidiary, alleging predatory lending practices that steered borrowers into unaffordable loans and caused significant financial hardship for consumers. |
2024 | Berkshire Hathaway continued its growth, with revenue reaching $371,433 million and net income at $88,995 million, with a slight reduction in employees to 392,400. |
December 31 2024 | Berkshire Hathaway filed its Form 13F-HR with the Securities and Exchange Commission, detailing its comprehensive investment portfolio across multiple sectors, including significant stakes in companies like Apple (2% ownership, 300 million shares), Bank of America (8.9% ownership, 680 million shares), and Coca-Cola (9.3% ownership, 400 million shares). |
October 2024 | Berkshire Hathaway purchased the remaining 8% stake from the family of Walter Scott Jr., bringing the company's ownership to 100%. |
October 2024 | Became full owner of several Berkshire Hathaway Energy subsidiaries, including AltaLink, Kern River Pipeline, Northern Natural Gas, NV Energy, and PacifiCorp, increasing ownership from 92% to 100%. |
August 2024 | Berkshire Hathaway became the eighth U.S. public company and first non-technology company to be valued at over $1 trillion, with class A shares reaching $700,000 in value. |
January 2024 | Became a full owner of Pilot Flying J. |
January 2024 | Berkshire Hathaway became a full owner of Pilot Flying J. |
2023 | Berkshire Hathaway Energy completed $34.1 billion in renewable energy project investments and shut down operations at 18 coal-fired power stations. |
2023 | The Alberta Human Rights Commission (AHRC) accepted a human rights complaint against Procor Limited, a railcar company owned by Marmon Holdings, a Berkshire Hathaway subsidiary. The complaint alleges retaliation, procedural misconduct, and abuse of the company's ethics reporting system. |
2023 | Berkshire Hathaway showed strong financial recovery, with revenue jumping to $364,482 million and net income rebounding to $96,223 million, and employee count increasing to 396,500. |
2023 | Charlie Munger stepped down from his role as vice chairman after 45 years. Greg Abel was named as Buffett's successor to oversee company investments. |
2023 | Completed full acquisition of Pilot Flying J by purchasing an additional 41.4% stake for $8.2 Billion. |
November 28 2023 | Charlie Munger passed away after serving as vice chairman of Berkshire Hathaway since 1978. |
2022 | Berkshire Hathaway experienced a significant financial challenge, reporting a net loss of $22,819 million, despite increasing revenue to $302,089 million and maintaining 383,000 employees. |
2022 | The annual shareholders' meeting cartoon featured a veterinarian who expanded his business using an American Express credit card. |
October 19 2022 | Acquired Alleghany Corporation for $11.6 Billion, which included subsidiary Jazwares in the toys sector. |
August 2022 | Berkshire Hathaway acquired a 1% stake in the company from Greg Abel for $870 million. |
July 2022 | Trident Mortgage Company, a Berkshire Hathaway subsidiary, agreed to a $20 million settlement with the U.S. Department of Justice and Consumer Financial Protection Bureau over allegations of redlining in Philadelphia, discriminating against Black and Latino neighborhoods in mortgage lending. |
May 12 2022 | Berkshire Hathaway reported its ownership in Liberty Sirius XM Group, holding 14.4% stakes in both Series A and Series C shares. |
March 16 2022 | Berkshire Hathaway's share price closed over $500,000 for the first time, marking a significant milestone 42 years after its initial public offering. |
2021 | Berkshire Hathaway rebounded with revenue increasing to $276,094 million and net income rising to $89,795 million, with employee count growing to 372,000. |
2021 | Berkshire Hathaway acquired approximately 6% stakes in five major Japanese conglomerates: ITOCHU Corporation, Mitsubishi Corporation, Marubeni Corporation, Sumitomo Corporation, and Mitsui & Co., Ltd. |
2021 | Berkshire Hathaway Energy acquired a 7.7% stake in BYD Company, a Chinese electric vehicle manufacturer. |
May 2021 | Warren Buffett named Greg Abel as his successor to become the next CEO of Berkshire Hathaway. |
2020 | Acquired BHE Gas Transmissions & Storage from Dominion Energy for $9.7 billion. |
2020 | During the COVID-19 pandemic, Berkshire Hathaway's revenue decreased to $245,510 million, with net income dropping to $42,521 million and employee count reducing to 360,000. |
March 16 2020 | Berkshire Hathaway sold The Buffalo News, a media company in which it held 100% ownership. |
2019 | Berkshire Hathaway saw significant growth in net income, jumping to $81,417 million from the previous year, with total assets reaching $817,729 million and employee count increasing to 391,500. |
July 13 2019 | Berkshire Hathaway sold its 100% ownership of Applied Underwriters insurance company. |
2018 | Berkshire Hathaway reported annual revenue of $247,837 million with a net income of $4,021 million and 389,000 employees. |
June 3 2018 | Berkshire Hathaway acquired Ebby Halliday Companies. |
January 2018 | Berkshire Hathaway appointed Ajit Jain as vice chairman of insurance operations and Greg Abel as vice chairman of non-insurance business operations. |
October 3 2017 | Initially acquired a 38.6% stake in Pilot Flying J for $2.76 Billion, entering the retail, food, beverage, and petroleum sectors. |
August 2017 | Proposed acquisition of Oncor Electric Delivery was terminated after being outbid by Sempra. |
2016 | The shareholders' meeting cartoon parodied the 1983 film Trading Places, featuring Munger, Jain, and the GEICO gecko manipulating the cocoa bean market to impact See's Candy. |
February 29 2016 | Acquired Duracell for $1.8 Billion, adding a major household products brand to its portfolio. |
January 29 2016 | Acquired Precision Castparts Corp. for $37 Billion. |
July 2 2015 | Berkshire Hathaway disposed of its 52.5% stake in H. J. Heinz Company as it merged into Kraft-Heinz. |
May 9 2015 | Berkshire Hathaway acquired 90% of Berkshire Hathaway Automotive (renamed from Van Tuyl Group). |
February 20 2015 | Berkshire Hathaway acquired Louis Motor. |
2014 | The company changed its name from MidAmerican Energy Holdings Company to Berkshire Hathaway Energy. |
2014 | Acquired AltaLink for C$3.24 billion. |
December 1 2014 | Berkshire Hathaway acquired AltaLink for C$3.24 Billion, a subsidiary of Berkshire Hathaway Energy. |
August 14 2014 | Berkshire Hathaway's share price closed over $200,000 for the first time. |
July 1 2014 | Berkshire Hathaway acquired WPLG-TV. |
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