Warren Buffett increases cash reserves, keeps Chevron stock, suggesting value at current prices.

From Nasdaq: 2025-01-03 06:15:00

Warren Buffett has raised Berkshire Hathaway’s cash reserves to $325 billion, selling stock in preparation for a potential market downturn. The company’s fifth-largest position, Chevron, remains untouched. Chevron’s 37-year history of dividend growth, 4.5% yield, and strong balance sheet make it an attractive investment option. Buffett’s reluctance to sell Chevron suggests value at current prices.

Chevron’s future looks promising with plans to expand in the Permian Basin and acquire Hess. Despite legal challenges, Chevron remains confident in completing the merger. The company’s ability to increase production and free cash flow, coupled with a strong balance sheet, positions it well for growth in the coming years. Chevron’s stock offers value despite recent fluctuations.

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