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>> PHILLIPS 66 Latest News

MAY 09, 2016 - TheStreet

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Phillips 66 Short-Term Headwinds Shouldn't Detract From Investors

The historic decline in oil prices has hurt giants like Chevron, Exxon Mobil and BP. However, one oil refining company that has shown resilience has been Warren Buffett favorite Phillips 66 . Buffett's Berkshire Hathaway holds a 14% stake in the company, making it Berkshire's sixth-largest holding. Despite reporting weaker-than-expected first quarter earnings, the company offers an enticing growth opportunity. Its balance ...

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