Buffett's firm drops Intel, buys oil stocks

Oil   Oil
By The Associated Press on August 15, 2012

NEW YORK (AP) — Warren Buffett's company has dropped its stake in Intel and added new investments in National Oilwell Varco and Phillips 66.

Omaha-based Berkshire Hathaway Inc. revealed the moves in a regulatory filing after the market closed Tuesday. The report also detailed other shifts in the company's $74.3 billion stock portfolio.

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