Berkshire Hathaway has been added to it ChevronIt was the fourth-largest equity stake in the company’s conglomerate.

According to Saturday’s filing, Chevron’s investment in the “Oracle of Omaha” was valued at $25.9 Billion at March’s end. This is a significant increase from the $4.5 Billion at the close of 2021.

Chevron’s shares rose more than 30% last year, but Berkshire is now five times stronger due to Buffett’s purchasing.

Energy has been a standout winner this year with the S&P 500 energy sector up 35% compared to the broader benchmark’s 13% loss year to date.

Oil and gas companies can also be income-generating assets, providing attractive dividends. The energy sector yields 4.7%, compared to S&P 500′s 1.5% dividend yield. Chevron has a 3.6% dividend.

Chevron’s first purchase by Buffett was in the third quarter, 2020.

Buffett doesn’t just like Chevron. An investor spent $7 billion last month on Chevron. Occidental PetroleumAdditional investments may include a portion of the common shares.

Edward Jones analyst James Shanahan said that “Together, with the $10 billion OXY preferred,” Berkshire is placing a bet on oil sector, now worth more than $40 billion.

Apple is still Berkshire’s most valuable holding. It was worth $159 Billion at the end-of the first quarter. The other two big holdings were American Express and Bank of America, which are worth $28.4 and $42.6 billion respectively.

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