CVX : Took an initial position for about 1.25% of the capital

Took an initial entry in CVX for about 1.25% of the capital. Expecting a potential move of about 33% from the current levels.
Anticipating a potential upward movement of around 33% from the current levels. It's noteworthy that CVX holds the fifth position in Warren Buffett's Berkshire Hathaway portfolio, according to the latest 13F filing.
Will consider adding on to the position if price retraces and falls lower to the next potential buying levels, after evaluating the macro and micro economic factors at that time.