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CVX
Event
Buffett's Chevron bet gains as Venezuela oil flows back
Warren Buffett's fund keeps Chevron as one of its biggest bets, and Venezuela is turning into a payoff. Chevron is the only US major pumping there, lifting Orinoco output that analysts say could add about $700 million a year in cash flow. As sanctions ease, Buffett is betting those heavy-oil barrels keep flowing.