Since Greg Abel took over at Berkshire Hathaway in January 2026, the company’s energy bets are paying off big—Chevron up 20%, Occidental 27%—showing Abel’s not just copying Buffett, but embracing his cash-generating playbook. Chevron’s full-cycle dominance and steady dividends make it a Buffett favorite, while Occidental’s high-dividend preferred stock and nimble exploration model offer volatile upside. With oil prices fueled by geopolitics, Abel’s moves are bold, but the sector’s risks remind investors that even smart bets ride on global tides.

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