Chevron CEO Believes Stock Is a Great Long-Term Value Play, Which Attracted Buffett to the Name

Chevron CEO Michael Wirth told CNBC the company has not spoken to Berkshire Hathaway after the conglomerate took a stake in the oil giant. "I can't infer anything other than their investment decision would suggest that there's some confidence in the long term future of our company," Wirth said Tuesday on CNBC's "Closing Bell" regarding Berkshire's investment.