Billionaires Are Betting On These 5 Energy Stocks

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1. Chevron Corporation (NYSE:CVX)

Number of Billionaire Investors: 19

Dollar Value of Billionaire Holdings: $21.1 billion

Chevron Corporation (NYSE:CVX), previously known as Standard Oil Company of California, explores, produces, stores, refines, markets, distributes, and offers pipeline transportation of oil and gas products.

According to Insider Monkey’s database, 72 hedge funds held a stake in Chevron Corporation (NYSE:CVX)’s stock in the third quarter. Warren Buffett’s Berkshire Hathaway was the biggest investor in the stock, with 110.248 million shares worth $18.59 billion.

Chevron Corporation (NYSE:CVX) was mentioned in Carillon Tower Advisers’ third quarter 2023 investor letter. Here is what it said:

“Chevron Corporation (NYSE:CVX) traded higher along with oil prices that increased throughout the third quarter. Oil prices rose about 30% following ongoing production cuts by major global producers (Saudi Arabia and Russia) and slowing output growth from U.S. shale energy producers.”

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You can also look at the 13 Hot Penny Stocks To Buy According to Hedge Funds and the 25 Best Bourbons in the World.

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