Berkshire Hathaway sold ~45 million Chevron shares, cutting its holding by about 35% and generating roughly $8 billion in cash.
The divestment leaves Berkshire with a 4.2% stake, still Chevron’s fourth‑largest institutional shareholder.
Sale occurred as Chevron’s share price hit an all‑time high in March, driven by Middle‑East geopolitical tensions and soaring oil prices.
Berkshire initially bought Chevron at $65 in 2020, increased to $124 in 2022, and sold the latest tranche at a $182.59 volume‑weighted average price.