Phillips 66 (N:PSX)

Business Focus: Oil & Gas Refining and Marketing

Feb 26, 2019 14:15 ET
Phillips 66 to Announce First-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EDT on Tuesday, April 30, to discuss the company’s first-quarter 2019 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Feb 25, 2019 13:45 ET
Phillips 66 to Present at Bank of America Merrill Lynch Refining Conference
Phillips 66 (NYSE: PSX) Executive Vice President of Refining Robert A. Herman will speak to investors and securities analysts at the Bank of America Merrill Lynch 2019 Refining Conference on Thursday, March 7, 2019, at 10:15 a.m. EST. Herman will discuss how the company is executing its strategy, including continued commitment to growth through disciplined capital allocation.
Feb 13, 2019 07:35 ET
New Research: Key Drivers of Growth for Phillips 66, Seattle Genetics, Green Plains, C&J Energy Services, FRP, and Medical Transcription Billing — Factors of Influence, Major Initiatives and Sustained
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Phillips 66 (NYSE:PSX), Seattle Genetics, Inc. (NASDAQ:SGEN), Green...
Feb 08, 2019 07:00 ET
Phillips 66 Reports Fourth-Quarter Earnings of $2.2 Billion or $4.82 Per Share
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces fourth-quarter 2018 earnings of $2.2 billion, compared with $1.5 billion in the third quarter of 2018. Excluding special items of $20 million in the fourth quarter, adjusted earnings were $2.3 billion, compared with third-quarter adjusted earnings of $1.5 billion.
Feb 06, 2019 12:40 ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 80 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2019, to shareholders of record as of the close of business on Feb. 19, 2019.
Jan 03, 2019 15:00 ET
Phillips 66 to Announce Fourth-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EST on Friday, Feb. 8, to discuss the company’s fourth-quarter 2018 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Jan 03, 2019 12:49 ET
Phillips 66 Company collaborates with Honda Developer Studio to offer in-vehicle fuel payment
HOUSTON, Jan. 3, 2019 /PRNewswire/ -- Phillips 66 (NYSE: PSX) is collaborating with Honda Developer Studio to develop in-vehicle fuel payment integration that allows Honda vehicle owners to reserve a pump and pay for fuel at Phillips 66®, 76® and Conoco® branded locations through their in-dash infotainment system. ...
Dec 14, 2018 14:32 ET
Phillips 66 Announces 2019 Capital Program
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2019 capital program, investing in attractive growth opportunities and funding safety and reliability projects. The Phillips 66 capital budget, excluding Phillips 66 Partners, is $2.3 billion. The Phillips 66 Partners capital budget net of $303 million expected cash capital contributions from noncontrolling interests (“adjusted capital”) is $601 million.
Dec 07, 2018 07:50 ET
Consolidated Research: 2018 Summary Expectations for Equifax, Celanese, McKesson, ManpowerGroup, NewMarket, and Phillips 66 — Fundamental Analysis, Key Performance Indications
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Equifax, Inc. (NYSE:EFX), Celanese Corporation (NYSE:CE), McKesson...
Nov 14, 2018 16:00 ET
Phillips 66 Contributes to Wildfire Relief Efforts
Phillips 66, an energy manufacturing and logistics company, has pledged a donation of $250,000 to the American Red Cross to aid in recovery efforts following the devastation left by fires across California. The Camp Fire is recognized as the most destructive wildfire in California history. This donation is critical to meet the immediate needs of survivors.
Nov 13, 2018 07:00 ET
Phillips 66 fuel brands add Visa Checkout to mobile apps
HOUSTON, Nov. 13, 2018 /PRNewswire/ -- Phillips 66 (NYSE: PSX) announced an agreement with Visa to add Visa Checkout to their branded mobile apps. This will allow customers to simply and securely pay with the app at the pump and in the convenience store.  ...
Nov 09, 2018 08:30 ET
Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System; Phillips 66 Announces Open Season for Cushing Crude Oil Pipeline System
Phillips 66 (NYSE: PSX) and Bridger Pipeline LLC announce a joint open season for the proposed Liberty Pipeline, which will provide shippers the opportunity to secure crude oil transportation service from the Rockies and Bakken production areas to Corpus Christi, Texas. The Liberty Pipeline is expected to have an initial throughput capacity of 350,000 barrels per day (BPD) with the ability to expand further depending on shipper interest in the open season. The pipeline is anticipated to be placed in service in the fourth quarter of 2020.
Nov 01, 2018 10:15 ET
A.M. Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Spirit Insurance Company (Spirit) (Burlington, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.
Nov 01, 2018 08:00 ET
Phillips 66 and Renewable Energy Group Announce Plans for Large-Scale Renewable Diesel Facility on West Coast
Phillips 66 (NYSE:PSX) and Renewable Energy Group, Inc. (NASDAQ:REGI) announced today that planning is underway for the construction of a large-scale renewable diesel plant on the U.S. West Coast. The plant would utilize REG’s proprietary...
Oct 30, 2018 08:20 ET
Research Report Identifies Deckers Outdoor, Navient, Phillips 66, BioMarin Pharmaceutical, McKesson, and Equity Residential with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Deckers Outdoor Corporation (NYSE:DECK), Navient Corporation...
Oct 26, 2018 07:00 ET
Phillips 66 Reports Third-Quarter Earnings of $1.5 Billion or $3.18 Per Share
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces third-quarter 2018 earnings of $1.5 billion, compared with $1.3 billion in the second quarter of 2018. Excluding special items of $36 million in the third quarter, adjusted earnings were $1.5 billion, compared with second-quarter adjusted earnings of $1.3 billion.
Oct 05, 2018 10:51 ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 80 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 3, 2018, to shareholders of record as of the close of business on Nov. 19, 2018.
Sep 20, 2018 14:01 ET
Phillips 66 to Announce Third-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EDT on Friday, Oct. 26, to discuss the company’s third-quarter 2018 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Aug 27, 2018 18:33 ET
Ryze Renewables Partners with Phillips 66 to Build Next-Gen Renewable Diesel Fuel Plants in Nevada
Ryze Renewables announced today that construction is underway for two renewable diesel production facilities in Nevada. Once operational, these plants will manufacture high-cetane renewable diesel fuel from agricultural oils and animal fats, using a patented hydrogenation technology that is more efficient than current conversion processes.
Jul 27, 2018 07:00 ET
Phillips 66 Reports Second-Quarter Earnings of $1.3 Billion or $2.84 Per Share
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces second-quarter 2018 earnings of $1.3 billion, compared with $524 million in the first quarter of 2018. Excluding special items of $17 million in the second quarter, adjusted earnings were $1.3 billion, compared with first-quarter adjusted earnings of $512 million.
Jul 11, 2018 12:51 ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 80 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 4, 2018, to shareholders of record as of the close of business on Aug. 21, 2018.
Jun 26, 2018 08:25 ET
Report: Developing Opportunities within Darden Restaurants, Entergy, Apache, Lumentum, Phillips 66, and Dollar General — Future Expectations, Projections Moving into 2018
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Darden Restaurants, Inc. (NYSE:DRI), Entergy Corporation (NYSE:ETR),...
Jun 21, 2018 15:00 ET
Phillips 66 to Announce Second-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EDT on Friday, July 27, to discuss the company’s second-quarter 2018 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Jun 13, 2018 08:31 ET
Phillips 66 to Expand Sweeny Hub with 300,000 BPD of New Fractionation Capacity
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, today announced it is proceeding with an expansion of the company’s Sweeny Hub. This project includes the construction of two 150,000 barrel-per-day (BPD) natural gas liquids (NGL) fractionators in Old Ocean, Texas, additional NGL storage capacity, and associated pipeline infrastructure. The project is expected to cost up to $1.5 billion and begin commercial operations in late 2020.
May 09, 2018 12:51 ET
Phillips 66 Announces Increase in Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 80 cents per share on Phillips 66 common stock, representing a 14 percent increase. The dividend is payable on June 1, 2018, to shareholders of record as of the close of business on May 21, 2018.
May 08, 2018 08:30 ET
Investor Expectations to Drive Momentum within Masco, Murphy Oil, NGL Energy Partners LP, PBF Energy, PDL BioPharma, and Phillips 66 — Discovering Underlying Factors of Influence
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Masco Corporation (NYSE:MAS), Murphy Oil Corporation (NYSE:MUR), NGL...
Apr 27, 2018 07:00 ET
Phillips 66 Reports First-Quarter Earnings of $524 Million or $1.07 Per Share
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces first-quarter 2018 earnings of $524 million and adjusted earnings of $512 million. This compares with fourth-quarter 2017 earnings of $3.2 billion and adjusted earnings of $548 million. Fourth-quarter 2017 earnings included a $2.7 billion benefit from U.S. tax reform.
Apr 05, 2018 11:32 ET
Phillips 66 to Host Annual Meeting of Shareholders
Phillips 66 (NYSE: PSX) will host its 2018 annual meeting of shareholders on Wednesday, May 9, at 9 a.m. CDT at The Westin Houston, Memorial City, 945 Gessner Rd, Houston, TX 77024. Shareholders must present an admission ticket or proof of ownership of Phillips 66 stock, as well as valid picture identification, to be admitted.
Mar 22, 2018 13:00 ET
Phillips 66 to Announce First-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EDT on Friday, April 27, to discuss the company’s first-quarter 2018 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Mar 07, 2018 07:50 ET
Research Report Identifies F.N.B., Phillips 66, Six Flags Entertainment Corporation New, AMC Entertainment, DSW, and Republic Services with Renewed Outlook — Fundamental Analysis, Calculating Forward
NEW YORK, March 07, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of F.N.B. Corporation (NYSE:FNB), Phillips 66 (NYSE:PSX),...
Feb 21, 2018 15:24 ET
Height Securities Advises Phillips 66 (PSX) on its Lubricants Facility Divestiture in Waukesha, WI
WASHINGTON, Feb. 21, 2018 /PRNewswire/ -- Height Securities, LLC ("Height") served as sole financial advisor to Phillips 66 (NYSE: PSX) and its wholly-owned division Phillips 66 Spectrum Corporation, on the sale of its lubricants and packaging facility in Waukesha, WI. The transaction closed February 16th, 2018, and the assets were purchased by PLOGIX, LLC, based out of Milwaukee, WI for an undisclosed price.  ...
Feb 13, 2018 18:27 ET
Phillips 66 and Berkshire Hathaway Announce Share Repurchase Agreement
Phillips 66 (NYSE: PSX) announces it has agreed to repurchase 35 million shares of Phillips 66 common stock from a wholly-owned subsidiary of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) for $93.725 per share. This $3.3 billion repurchase is expected to close on Feb. 14, 2018.
Feb 07, 2018 12:33 ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 70 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2018, to shareholders of record as of the close of business on Feb. 20, 2018.
Feb 02, 2018 07:00 ET
Phillips 66 Reports Fourth-Quarter Earnings of $3.2 Billion or $6.25 Per Share
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces fourth-quarter 2017 earnings of $3.2 billion, compared with $823 million in the third quarter of 2017. Excluding special items, primarily a $2.7 billion benefit from U.S. tax reform, adjusted earnings were $548 million, compared with third-quarter adjusted earnings of $858 million.
Jan 23, 2018 16:18 ET
Phillips 66 to Present at Credit Suisse Energy Summit
Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at the 2018 Credit Suisse Energy Summit on Tuesday, Feb. 13, 2018, at 12:40 p.m. MST. Garland will discuss the company’s execution of its value-creating strategy, including an update on growth projects, return enhancement opportunities and commitment to disciplined capital allocation.
Jan 03, 2018 07:30 ET
Alerian Announces Real-Time Launch of the Alerian Energy Infrastructure Capital Strength Select Index
DALLAS, Jan. 3, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Energy Infrastructure Capital Strength Select Index, a composite of North American midstream, refining, and utility companies chosen for their ownership of pipeline transportation assets, leverage profile, and above-market dividend payments. The index is disseminated real-time on a price-return basis (AMCS) and on a total-return basis (AMCST)....
Dec 28, 2017 12:00 ET
Phillips 66 to Announce Fourth-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EST on Friday, Feb. 2, to discuss the company’s fourth-quarter 2017 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Dec 11, 2017 09:00 ET
Phillips 66 and Enbridge Announce Open Season for West Texas Crude Oil Pipeline System
Phillips 66 (NYSE: PSX) and Enbridge Inc. (NYSE: ENB) today announced an open season for the Gray Oak Pipeline. The Gray Oak Pipeline will provide producers and other shippers the opportunity to secure crude oil transportation from West Texas to the destination markets of Corpus Christi, Freeport, and Houston, Texas, with connectivity to over 3 million barrels per day (BPD) of refining capacity and multiple dock facilities capable of crude oil exports. Shippers will have the option to select from origination stations in Reeves, Loving, Winkler,
Dec 11, 2017 08:00 ET
Phillips 66 and Enbridge Announce Open Season for West Texas Crude Oil Pipeline System
HOUSTON, Dec. 11, 2017 /CNW/ - Phillips 66 (NYSE: PSX) and Enbridge Inc. (NYSE: ENB) today announced an open season for the Gray Oak Pipeline. The Gray Oak Pipeline will provide producers and other shippers the opportunity to secure crude oil transportation from West Texas to the destination markets of Corpus Christi, Freeport, and Houston, Texas, with connectivity to over 3 million barrels per day (BPD) of refining capacity and multiple dock facilities capable of crude oil exports. Shippers will have the option to select from origination stations in Reeves, Loving, Winkler, and Crane counti...
Dec 11, 2017 08:00 ET
Phillips 66 and Enbridge Announce Open Season for West Texas Crude Oil Pipeline System
HOUSTON, Dec. 11, 2017 /PRNewswire/ - Phillips 66 (NYSE: PSX) and Enbridge Inc. (NYSE: ENB) today announced an open season for the Gray Oak Pipeline. The Gray Oak Pipeline will provide producers and other shippers the opportunity to secure crude oil transportation from West Texas to the destination markets of Corpus Christi, Freeport, and Houston, Texas, with connectivity to over 3 million barrels per day (BPD) of refining capacity and multiple dock facilities capable of crude oil exports. Shippers will have the option to select from origination stations in Reeves, Loving, Winkler, and Crane...
Dec 08, 2017 11:57 ET
Phillips 66 Announces 2018 Capital Program
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces its 2018 capital budget of $2.3 billion, which includes $1.4 billion of growth capital and $0.9 billion of sustaining capital.
Nov 18, 2017 18:00 ET
Stull, Stull & Brody is Investigating Claims on Behalf of Phillips 66’s (NYSE:PSX) 401(k) Plan
NEW YORK, Nov. 18, 2017 (GLOBE NEWSWIRE) -- Stull, Stull & Brody today announced that an ERISA Action has been filed and that it has commenced an investigation relating to the 401(k) defined contribution plan of Phillips 66’s...
Nov 09, 2017 08:10 ET
Recent Analysis Shows Phillips 66, Exact Sciences, PPG Industries, Citrix, KBR, and Chegg Market Influences – Renewed Outlook, Key Drivers of Growth
NEW YORK, Nov. 09, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Phillips 66 (NYSE:PSX), Exact Sciences Corporation...
Oct 27, 2017 07:00 ET
Phillips 66 Reports Third-Quarter Earnings of $823 Million or $1.60 Per Share
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces third-quarter 2017 earnings of $823 million, compared with $550 million in the second quarter of 2017. Excluding special items, adjusted earnings were $858 million, compared with second-quarter adjusted earnings of $569 million.
Oct 19, 2017 10:00 ET
Phillips 66 and Square Robot Team Up to Develop Storage Tank Inspection Robot
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, and Square Robot, Inc. are advancing into the unmanned robotics inspection market through the joint development of an autonomous robot that would have the capability to inspect petroleum product storage tank floors while product remains in the tank. The untethered robot is being designed and will be certified for use in a wide range of petroleum products. The robot is expected to enter service in mid-2018.
Oct 17, 2017 06:00 ET
P97 Networks and Buy It Mobility Networks (BIM) to Implement Branded ACH Mobile Payments at Phillips 66®, Conoco®, 76® Branded Sites
Today, P97 Networks and Buy It Mobility Networks (BIM) announced they have struck a deal with customer Phillips 66 (NYSE:PSX) to provide ACH based payment and consumer engagement services at Phillips 66®, Conoco® and 76® branded locations. The program will rely on BIM’s advanced techno
Oct 09, 2017 08:15 ET
Phillips 66 Announces New $3 Billion Share Repurchase Program and Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has approved a new $3 billion share repurchase program that increases the company’s total authorization for share repurchases to $12 billion since the third quarter of 2012. The board also declared a quarterly dividend of 70 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2017, to shareholders of record as of the close of business on Nov. 17, 2017.
Nov 07, 2016 07:30 ET
Huge Proposed Transmission Project Would Bring Texas Windpower to Southeastern U.S., an Industrial Info News Alert
Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Texas, meet Mississippi. Mississippi, say hello to Texas. Pattern Energy Group (NASDAQ: PEGI) (San Francisco, California) is pleased to make the introduction. In mid-2014, to facilitate greater wind power transfers between wind-rich Texas and the wind-starved Southeast, the Federal Energy Regulatory Commission (FERC) (Washington, D.C.) approved the Southern Cross Transmission Project, a high-voltage direct-current (HVDC) transmission project linking Texas and Mississippi.