Warren Buffett's Berkshire Hathaway Buys Chevron Shares
Berkshire Increases Holdings
Berkshire Hathaway has purchased a large number of Chevron Corp. (CVX) shares, making a significant addition to its portfolio. The investment was revealed in a recent regulatory filing, and it shows that Berkshire has been actively increasing its stake in the energy company.
Significant Investment
According to the filing, Berkshire now owns over 110 million Chevron shares, representing a value of approximately $11 billion. This makes Chevron one of Berkshire's largest holdings and signals Buffett's confidence in the company's future prospects.
Energy Sector Interest
Buffett's investment in Chevron is part of his recent interest in the energy sector. Berkshire has also acquired significant stakes in other oil and gas companies, including Occidental Petroleum Corp. and Phillips 66. This suggests that Buffett sees value in the industry despite the recent volatility in energy prices.
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