Better Warren Buffett Energy Stock: Chevron or Oxy?
One of the biggest headlines from the 2023 Berkshire Hathaway annual meeting was that the company continued to sell Chevron (NYSE: CVX) stock in Q1 2023. In fact, Chevron has now slipped to its fifth-largest public equity holding, down from its previous rank at number three. Occidental Petroleum (NYSE: OXY), an oil and gas exploration and production company, is Berkshire's seventh-largest holding with a fair value of of $13.2 billion.