Berkshire Hathaway disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell.» Read More
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...
TRENTON, N.J.— While a New Jersey judge approved the state's $225 million settlement with ExxonMobil, he expressed concern over delayed cleanup at a polluted creek, which a state lawmaker says could open up a route to appeal the decision. Raymond Lesniak said he believes Superior Court Judge Michael Hogan's concerns could give him an opportunity to appeal the...
Companies are plowing billions into infrastructure projects, making long-term bets that demand for nat gas will keep growing.
CNBC Pro takes you through the play-by-play in the past three months, and highlights where the experts think the strength will be in the coming months.
Matt Sallee of Tortoise Capital Advisors looks at where strength lies in the energy sector.
Warren Buffett's Berkshire Hathaway disclosed a 5 percent stake in Deere & Co. and said it shed a $3.74 billion investment in Exxon Mobil.
CNBC's Brian Sullivan gives you the oil outlook from the frontlines...Houston. Plus, a surprising development in Googleland.
How to play the volatile energy sector.
Some of Friday's midday movers:
Warren Buffett rarely sells stock. Now, he's unloaded Berkshire Hathaway's entire $4.7 billion stake in Procter & Gamble for its Duracell battery business.
Traders are talking market statistics ahead of the FOMC statement, while oil companies and investors appear unconcerned by falling prices.
Check out which companies are making headlines after the bell Tuesday: CSX, Intel, Phillips 66 & more.
Some of the names on the move ahead of the open.
Some of Tuesday's midday movers:
Some of Wednesday's midday movers:
Warren Buffett's Berkshire Hathaway added Charter Communications to its stock holdings during the second quarter.
Kinder's $44 billion deal isn't part of a trend, but the basic story behind infrastructure as a play on energy is very much intact.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Recent bets on big oil and gas stocks show Warren Buffett and his stock-picking lieutenants are open to a wider range of energy investments.
Buffett's Berkshire also added a stake in Verizon Communications during the first quarter, but it was probably not bought by Buffett himself.