Berkshire Hathaway sold billions of dollars in Chevron stock during Q1 2026, marking the largest of 16 portfolio exits under CEO Greg Abel. Despite the massive sale, the conglomerate remains committed to the energy giant.
- Chevron shares showed resilience, trading up 0.61% at $197.32 on May 19 despite a broader market decline.
- The divestment comes amid a mixed earnings backdrop and warnings from Chevron's CEO regarding potential physical oil shortages.