Buffett Sold Exxon, Bought Refiner Phillips 66 on Oil FearsBy and
Felt oil's future "wasn't going to be as good" as some thought
Bought Phillips 66 due to CEO and pipeline, chemicals business
Billionaire Warren Buffett dumped Exxon Mobil Corp. shares held by Berkshire Hathaway Inc. and took a $4.5 billion stake in refiner Phillips 66 after souring on the outlook for oil prices, he said in television interviews.
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