Chevron Confirms Cause of Richmond Refinery Odor
Chevron officials confirmed that a hydrogen sulfide release during maintenance at its Richmond refinery caused a rotten egg odor reported by nearby communities on October 22, 2026.
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Jeff B. Gustavson, President of Chevron New Energies, sold 24,439 shares of company stock in a transaction valued at approximately $5.6 million.
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Chevron officials confirmed that a hydrogen sulfide release during maintenance at its Richmond refinery caused a rotten egg odor reported by nearby communities on October 22, 2026.
Greg Abel, who took over as CEO of Berkshire Hathaway after Warren Buffett's retirement, maintains a concentrated portfolio with 71% ($255.2 billion) invested in seven core stocks. Legacy holdings like Apple, American Express, Coca-Cola, and Bank of America remain pillars, while Abel has been actively building Alphabet's position due to its AI-powered Google Cloud growth. Energy stocks Chevron and Occidental Petroleum also play significant roles, reflecting Abel's background in energy management.
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Analyst James Brumley predicts Berkshire Hathaway's Class B shares could reach $700 by end of 2030, representing roughly 30% upside from current prices. The projection is based on the company's strong operating earnings (tracking 17% above prior year), diversified portfolio of blue-chip stocks and cash-generating businesses, and new CEO Greg Abel's capital deployment strategy. Even with conservative assumptions, Berkshire could hold $475 billion in stocks, generate $60 billion in annual operating earnings, and maintain $400 billion in cash, potentially valuing the company at $1.5 trillion.
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