Warren Buffett company, Berkshire Hathaway ,Brk.a -0.02%, ,Brk.b -0.04%,Invested in dozens of shares. Its portfolio currently exceeds $ 278 billion.

Two of those shares stand out because No-Brener now buys: Shehtir ,CVX 0.78%, And density ,Oxy 0.62%,, Oil stock Currently trading on low evaluation. With many reverse catalysts ahead, they look Very attractive These days.

Buffett oil trade

Berkshire Hathaway has built A beautiful External condition on the oil market. Buffett company Chevron has 6.8% Outstanding share And 26.9% Oxidantle Stock. The price of those posts is $ 17.7 billion and $ 12.2 billion respectively. They are at the fifth and sixth largest holding of Berkshire 6.3% and 4.4% of its investment portfolio.

Buffett’s company invested in these oil stocks as they provided Berkshire’s portfolio with reverse performance for oil prices. Unfortunately, that trade has not been excluded in the last one year because oil has declined, weight at the price of these oil shares:

CVX Data by Ycharts.

It is someone’s guess where oil prices Desire to usher, The tariff scheme of the Trump administration was a major negative catalyst in crude prices earlier this year. The market feared that initially the high rate would slow down the global economy and reduce the demand for oil. However, with tariff stagnation and business deals, the possibility of effect will not be as bad as fear.

Meanwhile, supply can become an issue in view of the increasing conflicts in the Middle East and between Ukraine and Russia. If the stress can increase and the attacks spread in the oil infrastructure can increase, then crude prices can increase.

Non-ol upside catalyst

Crude prices will keep playing one Chief Role in the performance of oil stocks such as Chevron and Oxidantal. However, both companies have major potential catalysts unrelated to oil prices.

We will start with Chevron. The oil giant has recently completed several major projects, including the future development project in Kazakhstan and Ballimore in the Gulf of Mexico (also known as the US Gulf in the US). This and other initiatives are the position of the Chevron to generate an increased $ 9 billion In Free cash flow in 2026 on $ 60 per barrel oil (crude is currently around $ 75 per barrel). This will give more money to the Chevron to return to the shareholders through dividend growth (it has increased its payment for 38 straight years in the last decade and in the last decade in the last decade) and share the reproach (it is targeted $ 10 billion to $ 20 billion annually).

At her top, Chevron is working to shut down its needle-moving acquisition Hayes, That transactionWho Currently arbitration is in hold due to dispute ExxonmobilIn the 2030s, the development of Chevron will increase and increase the approach. The oil company is also working to enhance its lower-carbon energy businesses, including recently invested and joining Exon. Lithium,

Turning to oxidantal petroleum, the giant of oil and gas hopes that a large-scale free-cash-flow boost unrelated to rawness prices from sources starting next year. A combination of chemical expansion projects, midstream contract expiration, and less than loan reduction will add $ 1 billion to its lower line in 2026, increasing to $ 1.5 billion in 2027.

In addition, oxidantl is increasing its lower-carbon energy platform. Is the company In this process Communicating your stratos direct air capture feature in Texas. Carbon capture and sequence The project will extract carbon dioxide from air and will inject it for permanent storage. It is commercializing the facility by selling it Carbon credit For customers wishing to reduce your carbon footprint. Complete the project and ramp it for full capacity That The company has a viable new development platform.

Many catalysts could fuel these oils Shares

While Shavron and Oxidantle shares have fallen with oil prices in the last one year, they appear ready for the rally. Both are expected to generate Enough In 2026, more free cash flow may not be good. At her top, they have other inverted catalysts unrelated to a reversal in the oil market. Add the possibility that oil prices jump back, and they look like a no-grain buffet stock to buy right now.