Greg Abel, chairman of Berkshire Hathaway Energy Co., speaks during the virtual Berkshire Hathaway annual shareholders meeting on a tablet computer in Tiskilwa, Illinois, on May 1, 2021. (Photo: Andrew Harrer/Bloomberg)

Warren Buffett said Greg Abel, Berkshire Hathaway Inc.'s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down.

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