Small but cheap win for Chevron holders after Angola oil strike

Buffett Wallet's CVX stake, at 7.2% of the portfolio, gets a modest positive read. The 105-4X well hit over 2,000 feet of hydrocarbons and 300+ feet of net pay in "excellent" rock, and Chevron may tie it into existing Block 0 facilities for a cheaper, faster path to production. Chevron hasn't disclosed recoverable resources yet, so treat this as a small, low-cost win rather than a needle-mover.