Warren Buffett's Berkshire Hathaway made big moves in the stock market!
They snagged shares of Chevron, the oil giant, in their latest transactions.
The purchase bumped up Chevron to the fifth-largest holding in Berkshire's portfolio.
Despite selling some Chevron shares earlier, Berkshire saw the dip in Chevron's value and jumped back in.
Why the dip? Chevron bought out another oil company, Hess, and investors weren't all too thrilled.
There's some geopolitical risk involved, especially with Venezuela making territorial moves near Guyana.
But Chevron's got a plan! They're confident the Hess deal will boost their cash flow and growth for years.
Even without Hess, Chevron's cruising along just fine, set to grow its cash flow by double digits annually.
That means more dividends for investors and share buybacks, which could make the stock even more attractive.
Last year, Chevron sent over $26 billion back to investors! That's a hefty chunk of change.
Plus, they're not just sticking to oil. Chevron's diving into renewable energy and carbon capture tech.
So, what's the takeaway? Buffett's Berkshire knows a good deal when it sees one.
Buying Chevron on the dip might just be a genius move for the long haul!