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Did Buffett Miss Out When Buying Exxonmobil?

After selling its stake in Exxonmobil (NYSE: XOM  ) almost 30 years ago; Warren Buffett's Berkshire Hathaway (NYSE: BRK-B  ) is reunited with the worlds 2nd largest company after Berkshire picked up $3.4 billion worth of shares in Exxon over the past couple of quarters. Not so say that Exxonmobil is a poor decision, but it may not be the best purchase in the big oil space today. Instead, Mr. Buffett should have looked at Chevron (NYSE: CVX  ) instead.

There are three reasons that Chevron is a better pick than Exxonmobil today. One of those reasons is that Chevron generates a much better return per barrel of oil equivalent than Exxon and all of the other members of big oil today. The reason for that is because Chevron produciton mix is much more concentrated on oil than on natural gas like Exxon and other big oil players BP (NYSE: BP  ) and Total (NYSE: TOT  ) . Tune into the video below to learn the two other reasons that Chevon is a better buy today than Exxonmobil.

One Slam Dunk Energy Investment that Warren Buffett Owns

There is one behind the scenes energy giant out there that is shaping the oil industry as we know it. In fact, Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock... and join Buffett in his quest for a veritable LANDSLIDE of profits!

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  • Report this Comment On November 22, 2013, at 8:08 AM, buyandsqueeze wrote:

    mr. buffett is a bit more successful as an investor than you or I - but I completely agree that he missed the boat by buying xom rather than cvx...perhaps he's losing his awesome mojo at last...?

  • Report this Comment On November 22, 2013, at 2:25 PM, AnsgarJohn wrote:

    Is he intentionally making it easier for the young guns at BRK to beat him? "They left me in the dust." to ease the transition after his death?

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9/26/2016 11:53 AM
BRK-B $144.36 Down -0.64 -0.44%
Berkshire Hathaway… CAPS Rating: *****
CVX $99.40 Up +0.18 +0.18%
Chevron CAPS Rating: ****
XOM $83.41 Down -0.04 -0.05%
ExxonMobil CAPS Rating: ****
BP $33.80 Down -0.16 -0.47%
BP CAPS Rating: ****
TOT $46.27 Down -0.26 -0.55%
Total CAPS Rating: ****