Class B shares of the company have lagged the S&P 500 by 37 percentage points in the past 12 months, the worst such stretch since 2000.
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Berkshire stock, which has lagged the S&P 500 for the past 12 months, fell Monday as results from Warren Buffett’s last quarter underwhelmed.
Occidental Petroleum, the oil giant in Berkshire Hathaway’s portfolio, announced it is acquiring CrownRock in a deal worth $12 billion.