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Berkshire reveals US$4.5b stake in oil refiner Phillips 66

Monday, August 31, 2015 - 05:50


WARREN Buffett's Berkshire Hathaway Inc disclosed a US$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.

Berkshire held almost 58 million shares after purchases last week, or more

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