Warren Buffett's Berkshire Hathaway Reveals Major New Stake in Chevron

Warren Buffett is making a contrarian play on black gold. The renowned stock picker's investment vehicle, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), revealed Tuesday that it recently opened a position in struggling energy giant Chevron (NYSE: CVX), with a holding of nearly 48.5 million shares.

This was disclosed in Berkshire's latest 13F, the quarterly report it is required to file detailing its holdings in publicly traded companies. This 13F is a snapshot of the company's positions as of Dec. 31.

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Source Fool.com