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ConocoPhillips, Sinopec to Conduct Joint Research on Shale Gas in China (COP)

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.

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Buffett Bullish on Oil Stocks (BRK.A, NOV, PSX, INTC, COP, JNJ, PG, BK, DTV)

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.

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Berkshire Hathaway Buys Shares of Phillips 66 (BRK.A, PSX)

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.

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