Berkshire Wagers That Americans Still Thirst for Gasoline

Updated on
  • Investor takes $4.5 billion stake in refiner Phillips 66
  • Refining has gained 12% as energy stocks have lost 18%

Buffett Bets on Refining With $4.5B Stake in Phillips 66

Warren Buffett’s Berkshire Hathaway Inc. sees a green light at the intersection of low oil prices and record driving.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.