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Tag Archives: Warren Buffett

Buffett’s firm buys nearly 1 million more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company has bought nearly 1 million more shares of oil refiner Phillips 66. Berkshire Hathaway said in a regulatory filing that it owned 80.67 million Phillips 66 shares after the latest purchases this week. Berkshire now controls 15.4 percent of Phillips 66 stock. Berkshire has been investing in Houston-based Phillips 66 since 2012. After ...

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Buffett’s company keeps adding to its Phillips 66 investment

Warren Buffett, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company now owns nearly 15 percent of Phillips 66 after buying 642,841 shares of the oil refiner over the past week. Berkshire Hathaway Inc. disclosed the recent purchases in documents filed with the Securities and Exchange Commission on Monday. Berkshire now owns nearly 76.4 million Phillips 66 shares. Berkshire revealed owning over 10 percent ...

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Berkshire Hathaway 4th-quarter profit up 32 percent

Berkshire Hathaway CEO and Chairman Warren Buffett. (Image: Fortune Live Media via Flickr)

OMAHA, Neb. (AP) — Berkshire Hathaway reported a 32 percent jump in fourth-quarter earnings on Saturday, as its eclectic collection of subsidiaries mostly performed well. The conglomerate based in Omaha, Nebraska, that Warren Buffett leads earned $5.48 billion, or $3,333 per Class A share. That’s up from $4.16 billion, or $2,529 per Class A share, a year earlier. The three ...

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Berkshire Hathaway betting big on Phillips 66

Berkshire Hathaway betting big on Phillips 66

Berkshire Hathaway increased its stake in Houston-based Phillips 66. Since the start of February, the company has purchased about 1.7 million Phillips 66 shares for almost $132 million, according to CNBC. This year, the Warren Buffett-led conglomerate has added a total of 12.5 million shares in Phillips 66. Total costs add up to $964 million. Shares were purchased between $77.40 ...

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Buffett’s firm buys another 1.6 million Phillips 66 shares

OMAHA, Neb. — Berkshire Hathaway is continuing this month string of Phillips 66 stock purchases, and Warren Buffett’s conglomerate now controls 12.9 percent of the oil refiner. Berkshire filed documents with the Securities and Exchange Commission on Friday that disclosed purchases of another 1.6 million Phillips 66 shares. Buffett’s company has now bought nearly 7.5 million shares of Phillips 66 ...

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Berkshire Hathaway buys 759,295 more Phillips 66 shares

OMAHA, Neb. — Warren Buffett’s company has added to its stake in Phillips 66 and now owns nearly 12 percent of the oil refiners stock. Berkshire Hathaway said in documents filed with the Securities and Exchange Commission that it bought 759,295 Phillips 66 shares last Wednesday. Buffett said last fall that Berkshire was investing in the company because he likes ...

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INSIGHT-Buffett’s BNSF helped lead fight to delay train safety technology

WASHINGTON, Nov 4 (Reuters) – When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry’s campaign to delay a Dec. 31 deadline to install technology to prevent such disasters appeared to be finished. Not, as it turned out, if billionaire investor Warren Buffett and Sen. John Thune, a South Dakota ...

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Berkshire Hathaway shareholders sign petition supporting rooftop solar

More than 18,000 people have signed a petition asking Warren Buffett and NV Energy to ease what it calls their opposition to rooftop solar. The petition, released by ClimateTruth.org, includes more than 400 signatories who are investors in Buffett’s holding company, Berkshire Hathaway, which includes NV Energy. Lobbyists for Berkshire Hathaway have pushed to eliminate a credit or add new ...

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Buffett’s Berkshire takes $4.48 billion stake in Phillips 66

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc <BRKa.N> disclosed a $4.48 billion stake in oil refiner Phillips 66 <PSX.N>, rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Phillips 66 shares closed Friday ...

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US stocks climb as oil rebounds; Precision Castparts jumps

NEW YORK — U.S. stocks rose Monday as energy stocks followed oil prices higher. The stock market also got a lift from the latest corporate deal news. Precision Castparts led industrial stocks higher after Warren Buffett’s Berkshire Hathaway agreed to buy the maker of aircraft components. KEEPING SCORE: The Standard & Poor’s 500 index rose 21 points, or 1.1 percent, ...

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