Lubrizol Corporation

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“Operational execution was strong across the group, and specifically at Precision Castparts, Marmon, IMC, and Lubrizol”

2019 Berkshire Hathaway Shareholder Letter

“Since 2011, we have owned Lubrizol, an Ohio-based company that produces and markets oil additives throughout the world.”

Morning Session - 2017 Meeting

“turning out additives at Lubrizol or running GEICO better than Tony nicely confronted”

2015 Berkshire Hathaway Shareholder Letter

“BNSF is the largest of our "Powerhouse Five," a group that also includes Berkshire Hathaway Energy, Marmon, Lubrizol and IMC.”

Buffett on Heinz deal: "We've got a great business" | March 4, 2013

“We had the situation in Lubrizol, but that was a different sort of situation.”

2011 Berkshire Hathaway Shareholder Letter

“On September 16th we acquired Lubrizol, a worldwide producer of additives and other specialty chemicals. The company has had an outstanding record since James Hambrick became CEO in 2004”

Morning Session - 2011 Meeting

“...we're going to talk briefly about the David Sokol-Lubazal situation...Anything that relates to the Lubrizol matter...”

Morning Session - 2011 Meeting

“he directed my attention to the fact that they, represented Lubrizol and never said a word about any contact with them. And then the purchases of stock immediately prior to recommending Lubrizol”

Morning Session - 2011 Meeting

“when he talked to me about Lubrizol, it was either the 14th or 15th... when I looked at Lubrizol for the first time”

Morning Session - 2011 Meeting

“Lubrizol is the one that needed to prepare a proxy statement...The Lubrizol legal team, Jones Day, went to to work with the Lubrizol management to start preparing the proxy statement.”

Morning Session - 2011 Meeting

“Dave had no indication that Lubrizol had any interest in an approach.”

Morning Session - 2011 Meeting

“according to the final Lubrizol proxy is not the case... what I read in the Lubrizol proxy. But the Lubrazo proxy now says that Dave did know that Lubrizol had an interest”

Morning Session - 2011 Meeting

“Lubrizol position as the dominant, or the number one company...is sustainable and that it's a very good business over time.”

Afternoon Session - 2011 Meeting

“Your purchase of Lubrizol was done in a negotiated transaction. The Board of Lubrizol did not market the company for sale nor run an auction.”

Afternoon Session - 2011 Meeting

“there will be some growth over time in something like lubricants, you know, at Lubrizol, but it won't be dramatic growth.”

Afternoon Session - 2011 Meeting

“in connection with Lubrizol, Dave Sokol met James Hambrick, I think on whatever it was, January, 25th or whatever the date. And he, Lubrizol had already made projections publicly”

Morning Session - 2011 Meeting

“When we buy ISCAR or we buy Lubrizol or whatever, we don't run around getting a quote on it every week.”