Buffett's Energy Investment Adjustments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: NASDAQ.COM
- Portfolio Shift: As of the first quarter, Berkshire Hathaway's portfolio allocation to Chevron and Occidental Petroleum decreased from 13% to 9%, indicating a reassessment and adjustment in the company's energy investments.
- Stock Weight Dynamics: Chevron's stake dropped from 7.2% to 6.6%, while Occidental's increased from 4% to 4.6% due to stock price appreciation, reflecting the impact of market volatility on the investment portfolio.
- Management Transition Impact: With Warren Buffett handing over control to Greg Abel, while no drastic changes in investment strategy are expected, Abel has begun trimming Chevron's stake in favor of the more growth-oriented Occidental Petroleum.
- Long-term Investment Logic: Even as the Middle East conflict's impact wanes, Berkshire Hathaway continues to view Chevron and Occidental as long-term strategic investments, demonstrating the company's sustained confidence and focus on the energy market.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to rise
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 168.100
Low
158.00
Averages
176.95
High
206.00
Current: 168.100
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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