Despite a miserable June, Chevron is still up nearly 23% on the year. No surprise, Buffett has bet big on energy. At the end of 2021, Berkshire owned $4.5 billion worth of Chevron, but by the end of March, that number had grown to $25.9 billion, according to CNBC.
Although the bet proves Buffett’s faith in the oil industry’s continued strength, it also reflects his long-standing belief in the value of dividend stocks. According to Motley Fool, Berkshire will collect more than $6 billion in dividend income in the next 12 months. Nearly one dollar in six of that mountain of passive income will come from Chevron and its beefy 3.6% yield — $904,131,705, to be exact — making the energy giant Buffett’s top income engine.
Source: https://www.gobankingrates.com/investing/stocks/warren-buffett-best-investments/