Berkshire Hathaway's combined stake in Chevron and Occidental Petroleum has declined to roughly 9.6% of its portfolio as of this writing, down from about 13.1% at the end of the first quarter, amid easing geopolitical tensions in the Middle East. The company's latest 13F filing showed Chevron at 6.6% and Occidental at 6.5% of the portfolio at quarter-end, but subsequent share-price declines have reduced those weightings to approximately 5% and 4.6%, respectively. Between filings, Berkshire sold roughly 45.7 million shares of Chevron, trimming that position from 7.2% to 6.6%, while Occidental's weighting rose from about 4% solely due to stock-price appreciation. New CEO Greg Abel, who succeeded Warren Buffett at the start of 2026, is expected to maintain a long-term strategic view on energy holdings rather than react to short-term geopolitical events.
Chevron CorpEasing Middle East tensions reduce oil risk premium, and Berkshire sold 45.7 million shares, contributing to price decline.
Occidental Petroleum CorporationEasing Middle East tensions reduce oil risk premium, and Occidental's weighting fell due to share-price decline.
Berkshire Hathaway Inc