| Does Buffett See A Bottom In Oil Prices | |
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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. Phillips 66 shares closed up at $4.03 (5.4 percent) at $79.28 on the New York Stock Exchange on the deal. Experts have been calling the bottom since the price of oil dropped to $80/barrel. Now, it’s below $30/barrel, and of course those calls continue, but when Buffett makes a contrarian move, these calls get more credence. Related: Oil Bust Could End Dollar Domination Though everyone watches Buffett closely and his moves can set trends, his record in oil investing hasn’t been stellar. The first time he bought ConocoPhillips—parent of Phillips 66 before the two split in 2012—was from 2007 to 2009, when both its price and oil prices were at their peak. |
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Exxon Mobil est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Exxon Mobil est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 510,8 milliards US$ (481,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 14 mars 1997 à 100,12 US$, et son plus haut niveau récent le 14 novembre 2024 à 120,56 US$. Exxon Mobil possède 4 237 270 016 actions en circulation. |