Buffett aggressively bought ConocoPhillips stock in 2008 when oil prices were near their peak ($145/barrel).
Berkshire completely sold its stake in ConocoPhillips by the end of 2014. Current Energy Strategy (2026) buffett buys conocophillips
Following the 2008 financial crisis and the collapse of oil prices, Berkshire Hathaway recorded a write-down of roughly $1.5 billion on the investment. derivatives - CBC Historically
Buffett takes a $1.5B loss on ConocoPhillips, derivatives - CBC buffett buys conocophillips
Historically, Buffett has described his previous large investment in ConocoPhillips as a . Key Historical Context
Instead of ConocoPhillips, Berkshire Hathaway has shifted its focus to other major energy players:
As of April 2026, there are that Warren Buffett or Berkshire Hathaway are buying ConocoPhillips (COP) .