This Top Warren Buffett Stock Continues to Get Better as It Grows Bigger
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has invested nearly $290 billion into a portfolio of publicly traded companies. Oil giant Chevron (NYSE: CVX) ranks in the top five. Berkshire owns 118.6 million shares worth $19.8 billion, which is 6.9% of its investment portfolio. There are lots of oil stocks Buffett's company could have bought. However, Chevron is his company's top position in the sector for a reason (it's ahead of Occidental Petroleum, Berkshire's sixth-largest holding, at 4.5% of its investment portfolio). One likely motivation why Buffett's company owns so much Chevron stock is its focus on getting better as it grows bigger. It recently showcased one way it does that. Continue reading
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has invested nearly $290 billion into a portfolio of publicly traded companies. Oil giant Chevron (NYSE: CVX) ranks in the top five. Berkshire owns 118.6 million shares worth $19.8 billion, which is 6.9% of its investment portfolio.
There are lots of oil stocks Buffett's company could have bought. However, Chevron is his company's top position in the sector for a reason (it's ahead of Occidental Petroleum, Berkshire's sixth-largest holding, at 4.5% of its investment portfolio).
One likely motivation why Buffett's company owns so much Chevron stock is its focus on getting better as it grows bigger. It recently showcased one way it does that.
