XOM - Billionaires Can't Stop Buying These 3 Energy Stocks. Should You Join Them?
2024-05-13 04:12:00 ET
It is always interesting to watch how billionaires are investing their money. They have a knack for enriching themselves and other investors. Because of that, following their stock market moves can prove to be profitable.
Several billionaire investors are currently betting big on energy stocks . Chevron (NYSE: CVX) , ExxonMobil (NYSE: XOM) , and Western Midstream (NYSE: WES) stand out to a few Fool.com contributors because billionaires are buying their stock. Here's a look at whether they think others should follow them and buy these energy stocks.
Reuben Gregg Brewer (Chevron): Warren Buffett added to his position in Chevron in 2023 . While we can't know for sure what he was thinking when he decided to buy more of the stock, there are some clear reasons why you should like the energy giant.
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Billionaires Can't Stop Buying These 3 Energy Stocks. Should You Join Them?