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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 buys more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company now controls more than 15 percent of Phillips 66 stock after buying another 414,065 shares of the oil refiner this week. Berkshire Hathaway disclosed the latest purchases in a filing with the Securities and Exchange Commission on Wednesday. Berkshire now owns about 79.5 million shares of Phillips 66, which represents 15.2 percent of ...

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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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Phillips 66 agrees to pay $16K for undisclosed mailers

Phillips 66 agrees to pay $16K for undisclosed mailers

SACRAMENTO, Calif. (AP) — The oil company Phillips 66 is agreeing to pay $16,000 to California’s campaign finance watchdog after secretly paying for 17,000 mailers in 2012. An agreement released Monday shows attorneys for the Fair Political Practices Commission found Phillips 66 avoided disclosing its role by passing payments between two organizations. The $41,000 was eventually used to send campaign ...

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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 Buffet-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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Phillips 66 working on major refinery upgrade

Phillips 66 is spending several hundred million dollars on improvements to its Billings refinery. The project will generate hundreds of construction jobs for the Billings area over the next year and is part a trend in which companies are investing millions in Billings area refineries. The Vacuum Improvement Project is underway and will continue into 2017. Company officials said an ...

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Phillips 66 lowers 2016 capex, boosts share buyback

U.S. refiner Phillips 66 set a lower capital budget for 2016 and raised its share buyback plan. The company said on Monday it would spend $3.6 billion in capital expenditure next year, excluding Phillips 66 Partners’ capital program. The company’s capital budget was $4.6 billion for the current year, which included $200 million for Phillips 66 Partners, according to a ...

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