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Warren Buffett's Berkshire Hathaway accumulates a stake worth nearly $4.5 billion in Phillips 66, further cementing its investment in the oil refiner. This significant ownership stake highlights Berkshire Hathaway's confidence in the company's long-term prospects. The move demonstrates Buffett's strategy of acquiring substantial positions in companies that align with Berkshire Hathaway's investment philosophy.
Friday, 28 August, 2015