Why did Buffett sell Phillips 66?

InsuNews May 23, 2022

Why did Buffett sell Phillips 66?

Buffett’s love affair with the company peaked in the summer of 2016, when Berkshire owned 15% of Phillips 66. The heat of summer’s passion faded, and Berkshire became a net seller of the company’s stock almost every quarter, finally unloading its shares completely by the end of this past March. May 20, 2020

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