Warren Buffett’s Berkshire Hathaway bets Americans still thirsty for gasoline with US$4.5-billion Phillips 66 stake

Warren Buffett’s Berkshire Hathaway Inc. sees a green light at the intersection of low oil prices and record driving. In its most significant energy investment in two years, Berkshire has amassed a US$4.5 billion stake in Phillips 66, making it the biggest shareholder in the largest U.S. oil refiner. Berkshire owns almost 58 million shares…

http://feedproxy.google.com/~r/FP_TopStories/~3/StKE0e1PGEE/warren-buffetts-berkshire-hathaway-bets-americans-still-thirsty-for-gasoline-with-us4-5-billion-phillips-66-stake

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s