Warren Buffett’s Top 5 Dividend Stock Picks

3. Chevron Corporation (NYSE:CVX)

Berkshire Hathaway’s Stake: $29.3 billion

Warren Buffett’s Berkshire has a whopping $29 billion stake in oil giant Chevron Corporation (NYSE:CVX) as of the end of the fourth quarter of 2022. With over three decades of consistent dividend increase, Chevron Corporation (NYSE:CVX) is one of the most reliable dividend stocks out there.

Other hedge funds were also piled into Chevron Corporation (NYSE:CVX) at the close of 2022. 57 hedge funds (including Berkshire) tracked by Insider Monkey had stakes in the company. The total worth of these stakes was over $32 billion.