Berkshire Hathaway backs American Express dividend growth and Occidental Petroleum oil stock

Greg Abel, who succeeded Warren Buffett as CEO of Berkshire Hathaway on Jan. 1, reaffirmed the conglomerate’s long‑term commitment to its core holdings. He highlighted American Express as a “no‑brain‑value” dividend‑growth stock, noting its strong earnings, revenue guidance and rising card‑member spending, which support continued dividend increases and share‑buybacks.

Berkshire’s portfolio also includes a sizable position in Occidental Petroleum. Warren Buffett has repeatedly bought and trimmed the oil‑and‑gas company, citing its management and the long‑term outlook for oil prices as reasons for the investment. Both stocks remain key components of Berkshire’s multi‑decade compounding strategy.