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Barchart
Barchart
Rich Duprey

Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest

The market’s biggest story in 2026 hasn’t just been AI — it has also been the sudden return of energy risk. Oil now trades above $102 per barrel as the Iran war disrupts shipping through the Strait of Hormuz, the narrow waterway that normally handles roughly 20% of global crude flows. That surge in price has forced investors to rethink a sector that many had treated as yesterday’s trade.

Accordingly, when Berkshire Hathaway (BRK.A) recently revealed it had sold billions of dollars worth of energy giant Chevron (CVX) in the first quarter, investors immediately asked the obvious question: Is CEO Greg Abel losing faith in Big Oil? Or is he simply reshaping Berkshire’s portfolio for the post-Buffett era?

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