---
title: "Berkshire (BRK., Berkshire reduced its holdings in Chevron by approximately $8 billion in the first quarter, with its ownership ratio dropping to 4.2%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286623131.md"
description: "Berkshire Hathaway reduced its holdings in Chevron by approximately $8 billion in the first quarter of 2023, bringing its ownership stake down to 4.2%. The timing of this reduction was precise, successfully locking in investment gains. Berkshire began purchasing Chevron stock as early as 2020, with an average selling price of $182.59 per share, significantly higher than the earlier acquisition cost"
datetime: "2026-05-16T02:16:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286623131.md)
  - [en](https://longbridge.com/en/news/286623131.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286623131.md)
---

# Berkshire (BRK., Berkshire reduced its holdings in Chevron by approximately $8 billion in the first quarter, with its ownership ratio dropping to 4.2%

According to Zhitong Finance APP, Berkshire Hathaway (BRK.A.US, BRK.B.US) significantly reduced its holdings in Chevron (CVX.US) in the first quarter of this year, selling a total of approximately $8 billion. At that time, driven by the escalation of the situation in the Middle East, international oil prices soared, and Chevron's stock price reached an all-time high.

According to regulatory documents submitted by Berkshire on Friday, the company reduced its holdings in Chevron by about one-third in the first quarter, with its current ownership ratio dropping to 4.2%. Despite the large-scale reduction, Berkshire remains Chevron's fourth-largest shareholder.

Data shows that in March of this year, following military actions by the U.S. and Israel against Iran, market concerns over Middle Eastern energy supplies surged, leading to a significant rise in international oil prices and pushing Chevron's stock price to a historic high.

Berkshire's timing for this reduction was quite precise, successfully locking in some investment gains during a strong rally in energy stocks. Berkshire began buying Chevron shares as early as 2020, when the stock price was around $65 per share. Subsequently, the company slightly reduced its holdings in 2021.

Around the outbreak of the Russia-Ukraine conflict in 2022, Berkshire further increased its position in Chevron, with an average purchase price of about $124. According to data, the average transaction price for Berkshire's recent reduction was approximately $182.59 per share, significantly higher than its earlier acquisition cost.

It is worth noting that Berkshire has been continuously increasing its allocation to the energy sector in recent years. In addition to Chevron, the company also holds a substantial amount of shares in Occidental Petroleum (OXY.US)

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