How Greg Abel of Berkshire Should Manage That Cash Reserves
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: Barron's
Greg Abel's Leadership: Greg Abel is facing the challenge of leading Berkshire Hathaway as it transitions to a new era following Warren Buffett's long tenure.
Investment Opportunities: Abel is tasked with identifying and capitalizing on new investment opportunities to sustain the company's growth and success.
Succession Planning: The focus is on ensuring a smooth succession plan that maintains the company's culture and operational effectiveness.
Market Challenges: Abel must navigate various market challenges while upholding the legacy and principles established by Buffett.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 187.220
Low
158.00
Averages
176.95
High
206.00
Current: 187.220
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Stocks Reaction: Chevron Corp (NYSE: CVX) saw its stock drop 3.1%, while Conoco's decline was only about half of Brent's drop, reflecting a cautious market sentiment regarding the oil sector's outlook amidst fluctuating prices.
- Unclear Peace Agreement Details: Although President Trump announced the peace deal and Iran confirmed an immediate ceasefire, the specifics remain ambiguous, such as the handling of Iran's uranium stockpiles and potential US reparations, leaving the market uncertain about the conflict's true resolution.
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- Chevron Stock Reaction: Chevron (CVX) stock decreased by 3.1%, although this drop is less than oil prices, reflecting market uncertainty about future price volatility that may impact investor confidence.
- Middle East Peace Agreement Impact: President Trump announced a peace deal with Iran, reopening the Strait of Hormuz, which is expected to restore oil supply and further depress prices, affecting the global market.
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- Impact of Plummeting Oil Prices: WTI crude oil prices fell over 5% to a three-month low, easing inflation expectations and pushing global bond yields lower, which provided support for the stock market, especially benefiting airline and mining stocks.
- Weak Economic Data: The US June Empire manufacturing index dropped to 5.7, below the expected 13.7, indicating signs of economic slowdown; however, the market remains optimistic about future economic recovery.
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- Oil Price Plunge: Following the peace agreement between the US and Iran, Brent crude futures fell 5.6% and WTI dropped 5.9% on Monday morning, indicating that the market anticipates a rebalancing of supply and demand, which could lead to declining future profits.
- Oil Stocks Reaction: Chevron Corp (NYSE: CVX) saw its stock drop 3.1%, while Conoco's decline was only about half of Brent's drop, reflecting a cautious market sentiment regarding the oil sector's outlook amidst fluctuating prices.
- Unclear Peace Agreement Details: Although President Trump announced the peace deal and Iran confirmed an immediate ceasefire, the specifics remain ambiguous, such as the handling of Iran's uranium stockpiles and potential US reparations, leaving the market uncertain about the conflict's true resolution.
- Investor Caution: With concerns over the anticipated resumption of oil supply, investors are selling off shares, and despite Chevron not being included in analysts' top stock picks, its price volatility may still significantly influence overall market sentiment.
See More
Wall Street Rallies on Preliminary US-Iran Peace Agreement
- Market Surge: Wall Street experienced a significant rally with the S&P 500 rising 1.9% and the Nasdaq Composite gaining 3%, reflecting investor optimism driven by the preliminary peace agreement between the U.S. and Iran.
- Dow Jones Milestone: The Dow Jones Industrial Average climbed 1.4% just before 1 p.m. ET, reaching a new all-time intraday high, indicating strong market sentiment ahead of the anticipated signing of the ceasefire agreement.
- Tech Stocks Lead: Major tech companies like Alphabet, Nvidia, and Micron Technology collectively added over $300 billion in market capitalization, showcasing the robust performance of the tech sector in the current market climate.
- Oil Price Decline Impact: Oil prices fell sharply, with West Texas Intermediate crude dropping to around $80 per barrel, potentially easing inflationary pressures and reducing the likelihood of further Federal Reserve rate hikes, thereby boosting investor confidence in riskier assets.
See More
US Stocks Surge as Tech Leads Gains Amid Peace Deal
- Strong Market Performance: The S&P 500 rose by 1.67% and the Nasdaq 100 by 2.79%, with the Dow Jones Industrial Average hitting a new record high, reflecting optimistic market sentiment driven primarily by gains in technology stocks.
- Crude Oil Price Plunge: WTI crude oil prices fell over 5% to a three-month low due to the US-Iran peace agreement and the reopening of the Strait of Hormuz, easing inflation expectations and providing support for equity markets.
- Weak Economic Data: The US June Empire Manufacturing Index dropped to 5.7, below the expected 13.7, while May manufacturing production remained unchanged, and the June NAHB housing market index unexpectedly fell to 35, indicating fragility in the economic recovery that could impact future market confidence.
- Tech Stocks Lead Gains: Chipmakers and AI infrastructure stocks surged, with the iShares Semiconductor ETF up over 4% and Western Digital soaring more than 14%, demonstrating strong market confidence in the tech sector, particularly amid rising risk appetite.
See More
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- Ferrari Stock Upgrade: Morgan Stanley upgraded Ferrari from equal weight to overweight with a price target of $438, resulting in a 5% stock increase, as analysts noted that the brand's decline over the past year was due to value compression rather than earnings deterioration, indicating sustained demand for its luxury models.
- Tripadvisor Strategic Sale: Tripadvisor's stock rose nearly 7% following the announcement of the sale of its European online restaurant reservation platform, The Fork, to American Express, a move driven by activist investor Starboard's push for strategic options to enhance overall company value.
- Energy Stocks Decline: Energy stocks fell sharply as U.S. oil prices dropped 5% to around $80 per barrel due to a U.S.-Iran deal, with shares of APA, Devon Energy, Marathon Petroleum, and EOG Resources all declining, reflecting market concerns about the energy sector's outlook.
See More
Oil Prices Plunge, Chevron Stock Declines
- Oil Price Drop: Brent crude futures fell by 5.6% and WTI by 5.9%, indicating market concerns over oversupply that could lead to declining future profits.
- Chevron Stock Reaction: Chevron (CVX) stock decreased by 3.1%, although this drop is less than oil prices, reflecting market uncertainty about future price volatility that may impact investor confidence.
- Middle East Peace Agreement Impact: President Trump announced a peace deal with Iran, reopening the Strait of Hormuz, which is expected to restore oil supply and further depress prices, affecting the global market.
- Market Uncertainty: While the peace agreement may improve supply, details remain unconfirmed, and investor concerns about future developments could lead to continued volatility in oil prices and Chevron's stock.
See More
US Stocks Surge as Oil Prices Plunge Following US-Iran Peace Deal
- Strong Market Performance: The S&P 500 index rose by 1.62%, the Nasdaq 100 increased by 2.73%, and the Dow Jones Industrial Average reached a new high, reflecting investor optimism about market prospects, particularly driven by gains in technology stocks.
- Impact of Plummeting Oil Prices: WTI crude oil prices fell over 5% to a three-month low, easing inflation expectations and pushing global bond yields lower, which provided support for the stock market, especially benefiting airline and mining stocks.
- Weak Economic Data: The US June Empire manufacturing index dropped to 5.7, below the expected 13.7, indicating signs of economic slowdown; however, the market remains optimistic about future economic recovery.
- Tech Stocks Lead Gains: Chipmakers and AI infrastructure stocks performed strongly, with the iShares Semiconductor ETF up over 4% and Western Digital soaring more than 15%, indicating a robust recovery in the tech sector and an increase in investor risk appetite.
See More
