Berkshire Hathaway (BRK.A.US, BRK.B.US) reduced its holdings of Chevron (CVX.US) by approximately $8 billion in the first quarter, reducing its stake to 4.2%.

According to the Intelligence Finance app, Berkshire Hathaway (BRK.A.US, BRK.B.US) significantly reduced its holdings in Chevron (CVX.US) in the first quarter of this year, selling approximately $8 billion worth of shares. At that time, due to the escalation of tensions in the Middle East, international oil prices soared, and Chevron's stock price reached a historic high.