Why did Buffett sell Phillips 66?
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
