Warren Buffett's Legacy Oil Bet Is Paying Off Under Greg Abel. Nobody's Talking About It.
These two stocks have been among the brighter spots for the company so far this year.
Overview
Since Greg Abel replaced Warren Buffett as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), the company has made investment moves that show Abel won't simply be Buffett 2.0. However, there are notable Buffett influences, including his bet on legacy oil with his Chevron (NYSE: CVX) and Occidental Petroleum (NYSE: OXY) investments.
Abel started his tenure as CEO on Jan. 1, 2026, and since then, Chevron and Occidental Petroleum have been two of Berkshire Hathaway's top performers, up 20.3% and 27.3%, respectively, through market close on July 28. While moves such as selling all its Amazon and UnitedHealth Group shares have received a lot of attention, Buffett's energy plays have been paying off so far.
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Originally published at www.fool.com.