Berkshire Sold $8 Billion of Chevron Shares as Prices Soared Warren Buffett's Berkshire Hathaway has been selling a massive chunk of its stake in Chevron, offloading around $8 billion worth of shares as the energy giant's stock prices continue to soar.
This move is significant not only because of the sheer scale but also due to the timing, which coincides with heightened market volatility and rising global economic concerns.
Chevron's Market Performance: A Key Factor The company's impressive market performance over the past year has likely influenced Berkshire Hathaway's decision to sell.