Warren Buffett-backed Chevron Corp stock (NYSE: CVX) is currently trading at the $155 mark on Tuesday. It closed Monday’s trade by surging more than 2%, climbing 3.15 points in the indices. The oil giant is among the most sought-after stocks in the US market as the returns have been steady. CVX is up more than 6% year-to-date and is attracting positive sentiments in the charts in 2025.

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Chevron (CVX) Stock: Best Time To Buy the Warren Buffett-Backed Stock?

Financial analysts predict that Chevron stock could benefit from Trump’s policies of ‘drill, baby, drill’ slogan. Trump is reevaluating the policies of sustainable energy and is open to oil giants drilling more. Therefore, the Warren Buffett-backed Chevron stock is best suited for both short-term and long-term strategies.

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Billionaire Warren Buffett has held 6.74% of CVX stock since Q4 of 2020. He has then brought six times more and accumulated millions of shares of the oil company. The overall stake in the firm cost him $1.5 billion and is already in profits of up to 22%. The profits turned his investment of $1.5 billion to $1.83 billion in just five years. The ace investor first took an entry position in CVX when its price was $66 in Q4 of 2020.

His investment arm, Berkshire Hathaway, owns 207 million shares of Chevron in 2025. Trump plans to reduce dependency on oil from foreign countries and increase drilling in the US. Previous governments had conducted drilling, citing environmental concerns, climate change, and the overall harm to nature. A reversal of the plans could benefit Chevron stock and take its price to new highs.

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Apart from operations in the US, Chevron boasts of vast performance in Australia, Africa, and Central Asia. It could capture the US oil industry if Trump’s ‘drill, baby, drill’ slogan turns into an official policy.