Warren Buffett's earnings-linked letter to shareholders details dominant stakes in AmEx, BofA, two oil giants and more.
As 2022 wrapped, Warren Buffett’s Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants.
Berkshire is also the dominant holder of Chevron CVX, +0.30% and Occidental Petroleum OXY, -0.41%, continuing a Buffett pledge in favor of fossil-fuel CL00, +0.17% ownership even as other parts of Berkshire dips into alternatives. Buffett also noted buybacks at AmEx and Apple AAPL, -1.80% — Berkshire’s largest position at the end of last year — increased the company’s ownership in each name.
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