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Buffett Increases Chevron Stake: Is it a Smarter Pick Than ExxonMobil?
ZACKS· 2025-08-25 14:51
Key Takeaways Berkshire Hathaway raised its Chevron stake to $19.3B, signaling confidence in the oil major.ExxonMobil projects 1.7 MMBoE/D from Guyana and 2.3 MMBoE/D from the Permian by 2030.Chevron's Hess deal brings $1B in cost savings by year-end and steady shareholder returns.Exxon MobilCorporation (XOM) and Chevron Corporation (CVX) are two integrated energy giants. In the past year, CVX has gained 11.4% against XOM’s 2.9% decline. Image Source: Zacks Investment ResearchNotably, during the second quar ...