Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) filed its third-quarter 2023 13F on Nov. 16, 2023. The report showed that Berkshire held 110.25 million Chevron (NYSE: CVX) shares as of Sept. 30, 2023, good for 5.9% of its public equity portfolio and making it the fifth largest position behind Apple, Bank of America, American Express, and Coca-Cola. And oil and gas companies, with their immense cash-flow generation, have been relatively impervious to inflation compared to interest rate-sensitive growth areas like renewable energy.