Warren Buffett, known as one of the greatest investors, made conservative moves with Berkshire Hathaway in his final years. However, the conglomerate heavily invested in the oil and gas sector, purchasing stakes in companies like Chevron and Occidental Petroleum, totaling around $58 billion. Despite the recent struggles in the oil industry, Berkshire’s bullish stance indicates a long-term belief in the sector’s potential. This move aligns with Berkshire’s strategy of finding stocks to hold forever. The rise in crude futures and global demand projections further support Berkshire’s oil investments, making it a unique portfolio diversifier.

Read more at Nasdaq: Before Retiring, Warren Buffett Made a $58 Billion-Plus Bet on One Sector. Now, That Investment Is Starting to Work.