Sentences with phrase «oil refiner phillips»
As Warren Buffett continues adding to his stake in oil refiner Phillips 66 (PSX), many investors are wondering if Valero (VLO), another refiner, is an equally attractive dividend stock.
https://www.simplysafedividends.com/
Buffett's Berkshire Hathaway Inc. paid some $ 390 million for another 5.1 million shares of oil refiner Phillips 66 this month, boosting its investment to 65.68 million shares that today are worth around $ 5.21 billion.
Not exact matches
As one of the country's largest independent refiners, Phillips 66 hasn't taken as severe a beating from the cheap - oil shocks that shook the rest of the energy industry.
Phillips 66 is widely known as a refiner, and refiners benefit from lower prices of oil because they have to pay less for each barrel of crude oil to perfect (and can thus capture higher margins by doing so).