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

Posted on by Nkozi Knight

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

Published by Nkozi Knight

Nkozi Knight is a finance expert with over 20 years of experience. He is a proud graduate of Marquette University where he also serves on their National Alumni Board of Directors. Nkozi is also a graduate of Marquette’s Future Milwaukee Community Leadership program. He is the owner of GreenHomeHub, Knight Investment Group, and Bodhi Photography Studios.

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