Warren Buffett: ‘Chevron’s not an evil company in the least’

SourceYahoo News
SectorEconomy
CountryGulf

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceWarren Buffett: ‘Chevron’s not an evil company in the least’Max Zahn ·ReporterMay 1, 2021, 12:39 PM·3 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

Billionaire investing legend Warren Buffett on Saturday rebuked environmental concerns over the company’s $4.1 billion stake in Chevron (CVX), saying the oil giant benefits society and criticizing advocates on either extreme of corporate sustainability as “nuts.”

“Chevron is not an evil company in the least and I have no compunction about owning Chevron,” Buffett said at the 2021 Berkshire Hathaway Annual Shareholders Meeting live streamed exclusively on Yahoo Finance. “If we owned the entire business, I would not feel uncomfortable about being in that business.”

“I think Chevron has benefitted societies in all kinds of ways, and I think it will continue to,” he adds.

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