Phillips 66 Rises on Berkshire Hathaway Investment: Dallas Mover
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Phillips 66, the largest U.S. independent refiner by market value, rose the most in two months after Berkshire Hathaway Inc.’s Warren Buffett announced an investment in the new company.
Phillips 66, based in Houston, climbed 5.9 percent to $34.94 at the close in New York. The stock, which began trading on May 1, had its biggest gain since May 9.