Replies to post #860 on Chevron Corp (CVX)

[Pyramid2]

4x earnings beat and it sells off as Diesel goes up another .30 in 24 hours. How can anyone make any sense of this market and most other oil stocks fall as oil goes up and Russia gets ready to shut off Germany. So TSLA is going to supply the world with energy overnight? Morons...

[DewDiligence]

Berkshire upped CVX stake in 1Q22:

https://www.wsj.com/articles/warren-buffett-says-markets-have-become-a-gambling-parlor-11651340230

Berkshire’s stake in the company was worth $25.9 billion as of March 31, up from $4.5 billion at the end of 2021, according to the company’s filing. That makes Chevron one of Berkshire’s four biggest stockholdings…

[DewDiligence]

CVX +9% on blowout upstream-and-downstream 2Q22 results:

https://finance.yahoo.com/news/chevron-announces-second-quarter-2022-101500254.html

https://finance.yahoo.com/news/wrapup-3-u-majors-exxon-120230673.html

CVX generated $10.6B of free cash flow during 2Q22, and it increased guidance for 2022 share buybacks to $5-15B (from old guidance of $5-10B).