Warren Buffett and Berkshire Hathaway have produced market beating returns over the years. Here's a look at the top 10 holdings in the current stock portfolio.
B of A Securities analyst maintains Buy rating on Chevron Corp. despite mixed Q1 earnings. Reiterates attractive investment due to strong cash flow and financial position. RBC Capital Markets also rates CVX Outperform with $175 price target.
Chief Executive Hassane El-Khoury stated that the company continues to see strong design win momentum and has secured key wins with major global customers across all end-markets.
The United States Oil Fund fell 1.4% as Brent crude futures slipped 0.7% to trade just under $60 a barrel in early U.S. trading Monday, while West Texas Intermediate futures dropped 1.1% to $57.65.
Chevron posted adjusted earnings of $3.8 billion, though headline earnings came in lower at $3.5 billion due to special charges. The oil major returned $6.9 billion to shareholders, even as it scaled back buyback guidance amid oil price weakness.
U.S. stocks advanced across the board by midday Friday, with the S&P 500 eyeing its ninth consecutive day of gains—poised for the longest winning streak since May 2024.
According to a Reuters report, Chevron CFO Eimear Bonner said share repurchases in 2025 could be between $11.5 billion and $13 billion, which would be at the lower end of the company's guidance of $10 billion to $20 billion.
