Chemical Industry Weekly News Roundup

November 15, 2013 | By Lindsay Frost 

Warren Buffett's Berkshire Hathaway Inc. on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp., after buying 40.1 million shares in the world's largest publicly traded oil company, according to Reuters. Although the investment represents just 0.9% of Houston-based Exxon's shares, analysts said it reflects strong support by the second-richest American of one of the world's largest and most profitable companies. Exxon shares rose 84 cents, or 0.9 percent, to $94.06 in after-hours trading following Berkshire's disclosure of its stake. Read more...