Should You Buy Warren Buffett-Backed Oil Giant Chevron (CVX) Stock?

Warren Buffett-backed Chevron Corp banal (NYSE: CVX) is presently trading astatine the $155 people connected Tuesday. It closed Monday’s commercialized by surging much than 2%, climbing 3.15 points successful the indices. The lipid elephantine is among the astir sought-after stocks successful the US marketplace arsenic the returns person been steady. CVX is up much than 6% year-to-date and is attracting affirmative sentiments successful the charts successful 2025.

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Chevron (CVX) Stock: Best Time To Buy the Warren Buffett-Backed Stock?

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Financial analysts foretell that Chevron banal could payment from Trump’s policies of ‘drill, baby, drill’ slogan. Trump is reevaluating the policies of sustainable vigor and is unfastened to lipid giants drilling more. Therefore, the Warren Buffett-backed Chevron banal is champion suited for some short-term and semipermanent strategies.

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Billionaire Warren Buffett has held 6.74% of CVX banal since Q4 of 2020. He has past brought six times much and accumulated millions of shares of the lipid company. The wide involvement successful the steadfast outgo him $1.5 cardinal and is already successful profits of up to 22%. The profits turned his concern of $1.5 cardinal to $1.83 cardinal successful conscionable 5 years. The ace capitalist archetypal took an introduction presumption successful CVX erstwhile its terms was $66 successful Q4 of 2020.

His concern arm, Berkshire Hathaway, owns 207 cardinal shares of Chevron successful 2025. Trump plans to trim dependency connected lipid from overseas countries and summation drilling successful the US. Previous governments had conducted drilling, citing biology concerns, clime change, and the wide harm to nature. A reversal of the plans could payment Chevron banal and instrumentality its terms to caller highs.

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Apart from operations successful the US, Chevron boasts of immense show successful Australia, Africa, and Central Asia. It could seizure the US lipid manufacture if Trump’s ‘drill, baby, drill’ slogan turns into an authoritative policy.