$CVX QuantLogix Newsdesk · 08/03/2026, 4:31 PM UTC

Berkshire Hathaway Trims CVX Stake Under New CEO Greg Abel

What happened

Greg Abel, who succeeded Warren Buffett as Berkshire Hathaway's chief executive, moved to reduce the conglomerate's position in Chevron (CVX) in one of his first significant portfolio actions. The sale marks a notable shift in Berkshire's energy exposure, which Buffett had built up substantially in prior years. Concurrently, Berkshire increased its concentration in Alphabet, according to reporting by The Motley Fool. The precise share count and dollar value of the Chevron reduction were not disclosed in the available source.

The QL Read

CVX slipped 1.17% on the session and carries a composite signal of 64/100 — a middling reading — even as broader market breadth registered 72.3% advancing. A high-profile institutional seller at the helm of Berkshire adds headline overhang to an otherwise modest signal profile.

Source: The Motley Fool — "Warren Buffett's Successor, Greg Abel, Started His Tenure With a Bang by Slashing Berkshire's Chevron Stake and Making a Virtual Monopoly th" — 2026-08-03T09:06:00Z

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