Warren Buffett Owns Chevron. You Should Buy These 3 High-Yield Energy Stocks Instead.
Warren Buffett is a big fan of Chevron (NYSE: CVX). His company, Berkshire Hathaway, owns 118.6 million shares of the oil giant, or about 6.8% of its outstanding stock. Those shares are currently worth $17.1 billion. That makes Chevron Berkshire's fifth largest holding, at 6.1% of its investment portfolio. A big draw of Chevron is its high-yielding dividend. It supplies Berkshire with over $800 million in dividend income each year. However, Chevron isn't the only high-yielding dividend stock in the energy sector. Enbridge (NYSE: ENB), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors as even better energy stocks to buy for a high-yielding income stream.Image source: Getty Images.Continue reading
Warren Buffett is a big fan of Chevron (NYSE: CVX). His company, Berkshire Hathaway, owns 118.6 million shares of the oil giant, or about 6.8% of its outstanding stock. Those shares are currently worth $17.1 billion. That makes Chevron Berkshire's fifth largest holding, at 6.1% of its investment portfolio.
A big draw of Chevron is its high-yielding dividend. It supplies Berkshire with over $800 million in dividend income each year. However, Chevron isn't the only high-yielding dividend stock in the energy sector. Enbridge (NYSE: ENB), Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors as even better energy stocks to buy for a high-yielding income stream.
Image source: Getty Images.
