> Warren Buffett Blog: Berkshire buys more Phillips 66 shares

Monday, January 11, 2016

Berkshire buys more Phillips 66 shares

Warren Buffett's company Berkshire Hathaway has added to its stake in Phillips 66 and now owns nearly 12 percent of the oil refiners stock.

Berkshire Hathaway said in recent documents filed with the SEC that it bought 759,295 Phillips 66 shares.

Buffett said last fall that Berkshire was investing in the company because he likes its mix of refining and chemical businesses. Berkshire now owns 62.3 million shares of Phillips 66.