Berkshire Hathaway reduced its Chevron holdings by 45.7 million shares in Q1, lowering its portfolio weighting to 6.6%.
Berkshire Hathaway cut its Chevron position by 45.7 million shares in the first quarter, reducing the stake’s portfolio weighting from 7.2% to 6.6%. The move comes as geopolitical risks in the Middle East show signs of easing, though no changes were made to its Occidental Petroleum holdings.
Occidental’s portfolio share rose to 6.5% from 4% in the prior filing, driven by stock price appreciation rather than new purchases. Chevron remains a core holding, reflecting Berkshire’s long-term exposure to integrated energy majors, while Occidental’s growth focus contrasts with Chevron’s diversified operations.
The adjustments follow Warren Buffett’s transition of CEO duties to Greg Abel at the start of 2026, though no dramatic shifts in investment strategy are expected.