Chevron (NYSE:CVX) Stock: Is There Further Upside in Berkshire’s Energy Pick?
November 19 2022 - 06:39AM
TipRanks
Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B)
continued to build its positions in energy stocks Chevron
(NYSE:CVX) and Occidental Petroleum (NYSE:OXY). It’s worth noting
that Chevron is the third-largest holding by market value in
Berkshire's investment portfolio. Chevron stock has rallied nearly
56% year-to-date, thanks to high oil prices due to supply
disruption caused by the Russia-Ukraine war. Following such an
impressive run, Wall Street analysts seem divided about CVX stock,
with oil prices cooling down from the peak levels seen earlier this
year. Buffett’s Berkshire Remains Bullish on Chevron Buffet’s
Berkshire first purchased Chevron shares in Q3 2020. In the first
quarter of 2022, Berkshire bought 120.
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Chevron (NYSE:CVX)
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Chevron (NYSE:CVX)
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