Warren Buffett invests in Petroleum, according to the latest Berkshire Hathaway company filings.
Warren Buffett Berkshire Hathaway’s recent Form 13F with the Securities and Exchange Commission (SEC) indicates that Warren Buffett has been putting his mountain cash, amounting approximately 34 billion dollars in energy petroleum stocks.
So Warren Buffett, the world’s greatest and oldest value investor, is not jiving to sustainable energy tune.
“Warren Buffett, the world’s greatest and oldest value investor, is not jiving to sustainable energy tune”
WEALTH TRAINING COMPANY
Warren Buffett invests in Petroleum, according to A 13F
Warren Buffett’s impressive track record is a significant reason why there’s a great interest surrounding Berkshire Hathaway every time the company files Form 13F with the Securities and Exchange Commission (SEC).
A 13F gives investors an over-the-shoulder look at what Wall Street’s titan money managers have been buying and selling and is a required quarterly filing for institutions and investors with at least $100 million in assets under management.
Warren Buffett’s Berkshire Hathaway latest filing reveals that the investment company purchased more than 248 million shares of Occidental Petroleum since the start of 2022.
Warren Buffett’s investment in energy stocks is roughly a $34 billion investment, and no small potatoes
His energy stocks include Occidental Petroleum (NYSE: OXY) and Chevron.
Approximately 9% of Berkshire’s invested assets are in integrated oil and gas stocks, and it underscores that the heavy-weight investment fund is anticipating crude oil prices will remain elevated for an extended period.
Indeed, with no sign of descaling in the Middle East, war can only lead to further supply-side disruptions, which is bullish for oil.
“the investment company purchased more than 248 million shares of Occidental Petroleum since the start of 2022”
WEALTH TRAINING COMPANY
But the demand side is likely to crater as it becomes apparent that the Goldilocks soft landing of the economy narrative is yet another fairy tale. Underinvestment in oil during the global lockdowns when crude oil fell below zero for the first time in history has meant supply remains tight. Moreover, in 2024, the world at war with Russian refineries being attacked and war in the Middle East could add to supply-side shocks.
“Buffett’s Berkshire Hathaway has piled back into the satellite radio operator Sirius XM Holdings (NASDAQ: SIRI)” – Wealth Training Company
Warren Buffett invests in Petroleum, with a heavy weighting in Occidental Petroleum
Warren Buffett’s Berkshire Hathaway owns about 248 million shares of Occidental Petroleum, or a 15 billion dollar position, his most sizable energy investment.
Occidental Petroleum derives the lion’s share of its sales from drilling. If the spot price of crude oil climbs, it’ll benefit more than virtually any other integrated oil and gas company.
Warren Buffett invests in Petroleum, and where else?
Buffett’s Berkshire Hathaway has piled back into the satellite radio operator Sirius XM Holdings (NASDAQ: SIRI).
Sirius XM Holdings, radio operator, seems like an odd investment because the company relies on advertising revenue for cash flow. But Sirius XM has several competitive advantages working in its favor that should help it navigate any economic climate better than terrestrial and online radio companies.
What might Sirius XM competitive advantages be you may be asking.
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