Buffett Adds 8 Million Chevron Shares, Now 130 Million Total

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Published: 8 hours ago

Warren Buffett's Berkshire Hathaway increased its Chevron holdings by 8 million shares to approximately 130 million total, making CVX a top-five position. The firm maintains significant exposure to Occidental Petroleum alongside this expanded energy bet. Rising oil prices toward $100 validate Buffett's energy sector investments. Higher oil prices typically strengthen commodity-linked currencies like CAD and NOK while pressuring oil-importing nations' currencies, creating trading opportunities in energy-sensitive pairs.

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