Warren Buffett is BUYING MORE stocks? Oil prices staying HIGH, should you buy Chevron stock too?
why is war Buffett buying into shevron stock in the twist of events after selling down in 2023 War buffer has started make purchases yet again Chevron is known for a strong dividends right now dividend is about 4.4% but more importantly they’ve pledged to raise this dividend as a sign of confidence by about 8% in total for preceding year Chevron has paid more than $26 billion worth of dividends and share BuyBacks Chevron is in oil and gas space and it could benefit if Energy prices con remain high due to the war in Ukraine as well as the tensions in Middle East if oil price rises above $100 per barrel it is possible that Chevron will show new record profits forther to learn more and check out the comment sections for more details
Warren buffett sold down Chevron stocks in 2023 but reversed and started buying again. With oil prices expected to stay high, will Chevron be a good stock to invest?
You can invest into Chevron via Energy Select Sector SPDR XLE ETF where it is the second biggest holding or SCHD ETF Scwab U.S Dividend Equity where it is the top allocation.
2 Comments
Any insights on why WB likes CVX more than XOM? The only other o&g company in his portfolio is OXY.
Chevron is one of the top holding in XLE etf which is energy select SPDR and also SCHD etf which is schwab us dividend equity