Houston, Texas-based oil and gas major ConocoPhillips (NYSE: COP) and Sinopec Exploration Southern Co., a subsidiary of Sinopec Group, signed an agreement to focus on shale gas exploration and production research for the Qijiang block in the Sichuan Basin.
Continue reading ConocoPhillips, Sinopec to Conduct Joint Research on Shale Gas in China (COP)
Warren Buffett’s investment company Berkshire Hathaway Inc. (NYSE: BRK.A) added new positions in National Oilwell Varco (NYSE: NOV) and Phillips 66 (NYSE: PSX), suggesting that the billionaire investor is bullish on oil companies.
Continue reading Buffett Bullish on Oil Stocks (BRK.A, NOV, PSX, INTC, COP, JNJ, PG, BK, DTV)
Warren Buffet disclosed on Friday that an investment manager at his company, Berkshire Hathaway Inc. (NYSE: BRK.A), bought shares of Phillips 66 (NYSE: PSX), a producer of natural gas liquids and petrochemicals. The disclosure from Buffet, which was made during an interview on Bloomberg television, sent PSX shares higher on Friday.
Continue reading Berkshire Hathaway Buys Shares of Phillips 66 (BRK.A, PSX)