Berkshire Reports $4.5 Billion Stake in Refiner Phillips 66

Updated on
  • Buffett's company reports holding more than 10% of the stock
  • Latest filing shows investment jumped sharply from 1st quarter

Warren Buffett’s Berkshire Hathaway Inc. disclosed a $4.5 billion stake in Phillips 66, the Houston-based oil refiner, as the billionaire investor’s company increases its bet on the energy industry.

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