Phillips 66 (N:PSX)

Business Focus: Oil & Gas Refining and Marketing

Apr 03, 2024 11:00 am ET
Phillips 66 Announces Increase in Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase. The dividend is payable on June 3, 2024, to shareholders of record as of the close of business on May 20, 2024.
Apr 02, 2024 03:55 pm ET
Phillips 66® Teams Up with KC Parks and Rec to Fuel Homegrown Talent
Collaboration Aims to Fuel the Next Generation of Big 12 Athletes through Safer Sports Access
Apr 01, 2024 04:39 pm ET
Phillips 66 Announces Major Milestone in Production of Renewable Diesel
Phillips 66 (NYSE: PSX) today announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel.
Mar 27, 2024 09:31 am ET
Thinking about trading options or stock in Advanced Micro Devices, Equillium, Macy's, Alphabet, or Phillips 66?
NEW YORK, March 27, 2024 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, EQ, M, GOOGL, and PSX.
Mar 14, 2024 04:30 pm ET
Phillips 66 to Announce First-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Friday, April 26, 2024, to discuss the company’s first-quarter 2024 financial results, which will be released earlier that day.
Feb 29, 2024 04:30 pm ET
Phillips 66 to Speak at BofA Securities Refining Conference 2024
Richard Harbison, executive vice president of Refining at Phillips 66 (NYSE: PSX), and Jeff Dietert, vice president of Investor Relations, will participate in a fireside chat at the BofA Securities Refining Conference 2024 at 12:45 p.m. ET on Thursday, March 14, 2024.
Feb 13, 2024 07:50 am ET
Phillips 66 Appoints Robert W. Pease to Board of Directors
The Board of Directors of Phillips 66 (NYSE: PSX) has appointed Robert W. Pease to serve on the board, effective immediately. Following the appointment, the board consists of 14 directors, 12 of whom are independent. In addition, Phillips 66 and Elliott Investment Management L.P. (together with its affiliates, “Elliott”) have agreed to work together to identify a second mutually agreed director to be named over the coming months.
Feb 07, 2024 04:45 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on March 1, 2024, to shareholders of record as of the close of business on Feb. 20, 2024.
Jan 31, 2024 07:00 am ET
Phillips 66 Delivers Strong 4Q 2023 Results, Advances Strategic Priorities
Phillips 66 (NYSE: PSX), a leading diversified and integrated downstream energy company, announced fourth-quarter earnings of $1.3 billion, compared with earnings of $2.1 billion in the third quarter. Excluding special items of $102 million, the company had adjusted earnings of $1.4 billion in the fourth quarter, compared with third-quarter adjusted earnings of $2.1 billion. In addition, the company provided an update on progress toward its strategic priorities.
Dec 18, 2023 04:30 pm ET
Phillips 66 to Speak at Goldman Sachs Energy, CleanTech & Utilities Conference
Mark Lashier, president and CEO of Phillips 66 (NYSE: PSX), Kevin Mitchell, executive vice president and CFO, and Jeff Dietert, vice president of Investor Relations, will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference at 10:20 a.m. ET on Thursday, January 4, 2024.
Dec 15, 2023 11:05 am ET
AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.
Dec 13, 2023 04:30 pm ET
Phillips 66 to Announce Fourth-Quarter and Full-Year Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Wednesday, Jan. 31, 2024, to discuss the company’s fourth-quarter and full-year 2023 financial results, which will be released earlier that day.
Dec 08, 2023 12:08 pm ET
Phillips 66 Announces 2024 Capital Program
Phillips 66 (NYSE: PSX) today announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital. Excluding joint venture debt repayments due in 2024, the company’s 2024 capital budget is $2 billion.
Nov 29, 2023 06:20 pm ET
Phillips 66 Comments on Letter from Elliott Investment Management
Phillips 66 (NYSE: PSX) today issued the following statement regarding a letter from Elliott Investment Management L.P. (Elliott):
Nov 28, 2023 10:12 am ET
Nov 02, 2023 01:49 pm ET
Phillips 66® Continues Bedlam Series Partnership with Dustin Lynch's Free Pre-Game Concert Celebrating Rivalry and Debut of Phillips 66® GO GO GO Campaign
Dustin Lynch takes center stage before the highly anticipated final Big 12 rivalry game between The University of Oklahoma at Oklahoma State University
Nov 01, 2023 04:30 pm ET
Phillips 66 to Speak at BofA Securities Global Energy Conference 2023
Phillips 66 (NYSE: PSX) executive leaders will participate in a fireside chat at the BofA Securities Global Energy Conference 2023 at 3 p.m. CT on Tuesday, November 14, 2023.
Oct 27, 2023 07:00 am ET
Phillips 66 Reports Third-Quarter 2023 Financial Results and Update to Strategic Priorities
Phillips 66 (NYSE: PSX), a diversified energy company, announces third-quarter results and updates to the strategic priorities first presented at its November 2022 Investor Day.
Oct 06, 2023 04:30 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2023, to shareholders of record as of the close of business on Nov. 17, 2023.
Sep 14, 2023 04:30 pm ET
Phillips 66 to Announce Third-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Friday, Oct. 27, 2023, to discuss the company’s third-quarter 2023 financial results, which will be released earlier that day.
Aug 02, 2023 07:00 am ET
Phillips 66 Reports Second-Quarter 2023 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy company, announces second-quarter 2023 earnings of $1.7 billion compared with earnings of $2.0 billion in the first quarter. Excluding special items of $69 million, the company had adjusted earnings of $1.8 billion in the second quarter, compared with first-quarter adjusted earnings of $2.0 billion.
Jul 12, 2023 04:30 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2023, to shareholders of record as of the close of business on Aug. 18, 2023.
Jun 29, 2023 09:00 am ET
Phillips 66 Highlights Resiliency in 2023 Sustainability Report
Phillips 66 (NYSE: PSX) released its 2023 Sustainability Report today, highlighting the company’s efforts to build a strong and resilient business.
Jun 19, 2023 04:45 pm ET
Phillips 66 to Announce Second-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Wednesday, Aug. 2, 2023, to discuss the company’s second-quarter 2023 financial results, which will be released earlier that day.
Jun 15, 2023 08:41 am ET
Phillips 66 Completes Acquisition of DCP Midstream, LP Common Units
Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 billion, increasing its economic interest in DCP Midstream to 86.8%.
Jun 13, 2023 04:00 pm ET
TortoiseEcofin Announces Constituent Changes Due to Corporate Action
LEAWOOD, KS / ACCESSWIRE / June 13, 2023 / TortoiseEcofin today announced that DCP Midstream, LP (NYSE:DCP) will be removed from the Tortoise MLP Index® (TMLP), the Tortoise North American Pipeline IndexSM (TNAP) and Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by Phillips 66 (NYSE:PSX). Due to the acquisition, DCP will be removed from all three indices at market open on Thursday, June 15, 2023.
Jun 07, 2023 04:15 pm ET
Phillips 66 to Speak at J.P. Morgan Energy, Power & Renewables Conference
Mark Lashier, President and CEO of Phillips 66 (NYSE: PSX), and Jeff Dietert, Vice President of Investor Relations, will participate in a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 21, 2023, at 11:20 a.m. ET.
May 10, 2023 04:15 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on June 1, 2023, to shareholders of record as of the close of business on May 22, 2023.
May 03, 2023 07:00 am ET
Phillips 66 Reports First-Quarter 2023 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy company, announces first-quarter 2023 earnings of $2.0 billion, or $4.20 per share, compared with earnings of $1.9 billion in the fourth quarter of 2022. Excluding special items of $4 million, the company had adjusted earnings of $2.0 billion, or $4.21 per share, in the first quarter, compared with fourth-quarter adjusted earnings of $1.9 billion.
May 01, 2023 04:15 pm ET
Phillips 66 to Host Annual Meeting of Shareholders
Phillips 66 (NYSE: PSX) will host its 2023 Annual Meeting of Shareholders on Wednesday, May 10, at 9 a.m. CT in a virtual-only format via audio webcast.
Mar 27, 2023 08:00 am ET
"GLOBAL VOLUNTEER MONTH" Celebrates Volunteers Throughout April and Shines a Light on the Importance of Civic Engagement
ATLANTA, March 27, 2023 /PRNewswire/ -- Global Volunteer Month, from April 1 – 30, 2023, is a time to recognize volunteers and people who actively support their communities, whether through volunteerism or other pathways to active civic engagement. There are many ways to live a full civic life. Now is the perfect time to make a plan to join the celebration, today and every day.
Mar 20, 2023 04:30 pm ET
Phillips 66 to Announce First-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Wednesday, May 3, 2023, to discuss the company’s first-quarter 2023 financial results, which will be released earlier that day.
Feb 21, 2023 05:14 pm ET
Phillips 66 to Speak at 51st Annual Scotia Howard Weil Energy Conference
Mark Lashier, President and CEO of Phillips 66 (NYSE: PSX), and Jeff Dietert, Vice President of Investor Relations, will speak at the 51st Annual Scotia Howard Weil Energy Conference on Tuesday, March 7, 2023, at 9:30 a.m. ET.
Feb 16, 2023 04:30 pm ET
Phillips 66 to Speak at Bank of America Securities 2023 Refining Conference
Richard Harbison, Senior Vice President of Refining at Phillips 66 (NYSE: PSX), and Jeff Dietert, Vice President of Investor Relations, will participate in a fireside chat at the Bank of America Securities 2023 Refining Conference on Thursday, March 2, 2023, at 12 p.m. ET.
Feb 08, 2023 04:07 pm ET
Phillips 66 Announces Increase in Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock, representing an 8% increase. The dividend is payable on March 1, 2023, to shareholders of record as of the close of business on Feb. 21, 2023.
Jan 31, 2023 07:00 am ET
Phillips 66 Reports Fourth-Quarter 2022 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy company, announces fourth-quarter 2022 earnings of $1.9 billion, compared with earnings of $5.4 billion in the third quarter of 2022. Excluding special items of $15 million, the company had adjusted earnings of $1.9 billion in the fourth quarter, compared with third-quarter adjusted earnings of $3.1 billion.
Jan 24, 2023 04:30 pm ET
Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery
Phillips 66 (NYSE: PSX) today announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.
Jan 10, 2023 06:41 pm ET
SHAREHOLDER ALERT: Weiss Law Investigates DCP Midstream, LP
NEW YORK, Jan. 10, 2023 /PRNewswire/ -- Weiss Law is investigating possible violations of law connected with the proposed acquisition of DCP Midstream, LP ("DCP Midstream") (NYSE: DCP) by Phillips 66 (NYSE: PSX). Under the terms of the merger agreement, the Company's shareholders will receive $41.75 in cash for each DCP Midstream common unit owned.
Jan 06, 2023 08:41 am ET
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NEW YORK, Jan. 6, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WWE, TMUS, PSX, TSLA, and COST.
Jan 06, 2023 07:30 am ET
Phillips 66 Reaches Agreement to Acquire Publicly Held Common Units of DCP Midstream, LP
Phillips 66 (NYSE: PSX) and DCP Midstream, LP (“DCP Midstream”) (NYSE: DCP) announced today that they have entered into a definitive agreement pursuant to which Phillips 66 will acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit, increasing its economic interest in DCP Midstream to 86.8%.
Dec 22, 2022 04:30 pm ET
Phillips 66 to Speak at Goldman Sachs Global Energy and Clean Technology Conference
Mark Lashier, President and CEO of Phillips 66 (NYSE: PSX), and other Executive Leadership Team members will participate in a fireside chat at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, Jan. 5, 2023, at 11 a.m. ET.
Dec 15, 2022 04:30 pm ET
Phillips 66 to Announce Fourth-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Tuesday, Jan. 31, 2023, to discuss the company’s fourth-quarter 2022 financial results, which will be released earlier that day.
Dec 13, 2022 06:45 pm ET
AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.
Dec 09, 2022 11:11 am ET
Phillips 66 Announces 2023 Capital Program
Phillips 66 (NYSE: PSX) today announced a 2023 capital program of $2 billion, including $865 million for sustaining capital and $1.1 billion for growth capital. Approximately 50% of growth capital supports lower-carbon opportunities. The capital program is consistent with the company’s commitment to maintain a $2 billion annual budget through 2024.
Nov 09, 2022 07:30 am ET
Phillips 66 Outlines Plans to Increase Shareholder Distributions
Phillips 66 (NYSE: PSX) will provide a plan to deliver higher shareholder distributions and increase shareholder value at its investor day meeting in New York today.
Nov 01, 2022 07:00 am ET
Phillips 66 Reports Third-Quarter 2022 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy company, announces third-quarter 2022 earnings of $5.4 billion, compared with earnings of $3.2 billion in the second quarter of 2022. Excluding special items of $2.3 billion, the company had adjusted earnings of $3.1 billion in the third quarter, compared with second-quarter adjusted earnings of $3.3 billion.
Oct 26, 2022 04:15 pm ET
Phillips 66 to Host Investor Day
Phillips 66 (NYSE: PSX) executive management will provide an update on the company’s strategic initiatives at its investor day. The meeting will take place at 8:30 a.m. EST on Nov. 9, 2022, in New York.
Oct 17, 2022 07:30 am ET
Phillips 66 and FreeWire Technologies Bring Ultrafast Charging to EV Drivers
Phillips 66 (NYSE: PSX) announced the installation of FreeWire ultrafast electric-vehicle chargers at its flagship fuel station near its headquarters in Houston, marking the debut of ultrafast EV charging at a convenience fuel station in the city.
Oct 07, 2022 04:05 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2022, to shareholders of record as of the close of business on Nov. 17, 2022.
Sep 12, 2022 04:05 pm ET
Phillips 66 to Announce Third-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Tuesday, Nov. 1, 2022, to discuss the company’s third-quarter 2022 financial results, which will be released earlier that day.
Aug 17, 2022 05:06 pm ET
Phillips 66 Announces Offer to Acquire Outstanding Publicly Held Common Units of DCP Midstream, LP
Concurrent with Phillips 66’s (NYSE: PSX) announcement of the realignment of economic and governance interests in DCP Midstream, LP (DCP Midstream), Phillips 66 also announced today it has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held common units of DCP Midstream for cash. Subject to negotiation and execution of a definitive agreement, Phillips 66 is proposing consideration of $34.75 for each outstanding publicly-held common unit of DCP Midstream as part of a transaction that would be structured as a me
Aug 17, 2022 05:00 pm ET
Phillips 66 Enhances NGL Platform with Wellhead to Market Integration Through Increased Economic Interest in DCP Midstream
Phillips 66 (NYSE: PSX) announced today a realignment of its economic and governance interests in DCP Midstream, LP (DCP Midstream) (NYSE: DCP) and Gray Oak Pipeline, LLC (Gray Oak Pipeline) through the merger of existing joint ventures owned with Enbridge Inc. (Enbridge).
Aug 12, 2022 08:30 am ET
Phillips 66 Announces Expansion Open Season for Seminoe Pipeline
Phillips 66 (NYSE: PSX) announces that its subsidiary, Phillips 66 Carrier, LLC, is launching a binding expansion open season on its Seminoe Pipeline system to solicit shipper commitments for services from Billings, Montana, to Casper, Wyoming. The expansion open season will provide an opportunity for interested shippers to secure long-term refined product transportation with Seminoe Pipeline under binding transportation services agreements.
Jul 29, 2022 07:00 am ET
Phillips 66 Reports Second-Quarter 2022 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy company, announces second-quarter 2022 earnings of $3.2 billion, compared with earnings of $582 million in the first quarter of 2022. Excluding special items of $118 million, the company had adjusted earnings of $3.3 billion in the second quarter, compared with first-quarter adjusted earnings of $595 million.
Jul 19, 2022 09:00 am ET
Phillips 66 and H2 Energy Europe close on joint venture to create European network of hydrogen refueling stations
Phillips 66 (NYSE: PSX) and H2 Energy Europe (“H2 Energy”) today announced they have closed on a 50-50 joint venture to set up and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark.
Jul 12, 2022 06:10 pm ET
Phillips 66 Appoints Two New Directors
The board of directors of Phillips 66 (NYSE: PSX) has appointed Mark E. Lashier and Gregory J. Hayes to serve on the board, effective July 12, 2022. Following the appointments, the board of Phillips 66 will consist of 13 directors, 11 of whom are independent.
Jul 12, 2022 06:04 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2022, to shareholders of record as of the close of business on Aug. 18, 2022.
Jun 23, 2022 11:00 am ET
Phillips 66 Publishes 2022 Sustainability Report
Phillips 66 (NYSE: PSX) released its 2022 Sustainability Report on Thursday, giving a comprehensive account of its efforts to be one of the safest and most reliable operators in the energy industry and deliver on its commitment to advance a lower-carbon future.
Jun 15, 2022 04:30 pm ET
Phillips 66 to Announce Second-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Friday, July 29, 2022, to discuss the company’s second-quarter 2022 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Jun 13, 2022 09:40 am ET
Phillips 66 to Speak at J.P. Morgan Energy, Power & Renewables Conference
Phillips 66 (NYSE: PSX) Executive Leadership Team members will participate in a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 22, 2022, at 9:50 a.m. EDT.
Jun 01, 2022 01:15 pm ET
Phillips 66 Taps FreeWire Technologies to Support Its First EV Charging Program in U.S.
Phillips 66 (NYSE: PSX) signed a letter of intent with FreeWire Technologies in support of its first electric-vehicle charging program in the United States, the two companies announced Wednesday.
May 11, 2022 04:30 pm ET
Phillips 66 Makes Final Investment Decision to Convert San Francisco Refinery to a Renewable Fuels Facility
Phillips 66 (NYSE: PSX) made a final investment decision Wednesday to move forward with Rodeo Renewed, the project to convert its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities. The project, which recently received approval from Contra Costa County, is expected to cost approximately $850 million and begin commercial operations in the first quarter of 2024.
May 11, 2022 11:55 am ET
Phillips 66 Announces Increase in Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock, representing a 5% increase. The dividend is payable on June 1, 2022, to shareholders of record as of the close of business on May 23, 2022.
May 04, 2022 04:00 pm ET
Phillips 66 Announces Expiration and Final Results of Exchange Offers and Consent Solicitations
Phillips 66 (NYSE: PSX) announced today the expiration and final results of the previously announced offers to exchange (collectively, the “Exchange Offers”) any and all validly tendered (and not validly withdrawn) and accepted notes of the seven series of notes described in the table below (collectively, the “Old Notes”) issued by Phillips 66 Partners LP (“PSXP”) for notes to be issued by Phillips 66 Company (“P66 Co”), a wholly owned subsidiary of Phillips 66 (collectively, the “New Notes”), and the related consent solicitations (the “Consent Solicitations”) to certain proposed amendments to
May 02, 2022 04:30 pm ET
Phillips 66 to Host Annual Meeting of Shareholders
Phillips 66 (NYSE: PSX) will host its 2022 Annual Meeting of Shareholders on Wednesday, May 11, at 9 a.m. CDT in a virtual-only format.
Apr 29, 2022 07:00 am ET
Phillips 66 Reports First-Quarter 2022 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy company, announces first-quarter 2022 earnings of $582 million, compared with earnings of $1.3 billion in the fourth quarter of 2021. Excluding special items of $13 million, the company had adjusted earnings of $595 million in the first quarter, compared with fourth-quarter adjusted earnings of $1.3 billion.
Apr 29, 2022 06:55 am ET
Phillips 66 Announces Resumption of Share Repurchases
Phillips 66 (NYSE: PSX) announced today that it intends to resume its share repurchase program in the second quarter of 2022. The company suspended share repurchases in March 2020 to preserve liquidity. The temporary suspension was in response to the global economic disruption caused by the COVID-19 pandemic. Phillips 66 previously stated its intent to resume share repurchases and to continue to pay down debt to pre-pandemic levels as cash generation improves.
Apr 20, 2022 08:45 am ET
Phillips 66 Announces Successful Results of Early Exchange Offer Period in Exchange Offers and Consent Solicitations
Phillips 66 (NYSE: PSX) announced today that, in connection with the previously announced offers to exchange (collectively, the “Exchange Offers”) any and all validly tendered (and not validly withdrawn) and accepted notes of the seven series of notes described in the table below (collectively, the “Old Notes”) issued by Phillips 66 Partners LP (“PSXP”) for notes to be issued by Phillips 66 Company (“P66 Co”), a wholly owned subsidiary of Phillips 66 (collectively, the “New Notes”), and the related consent solicitations (the “Consent Solicitations”) to certain proposed amendments to the corres
Apr 12, 2022 04:30 pm ET
Phillips 66 Announces CEO Transition Plans
Phillips 66 (NYSE: PSX) has named its current President and Chief Operating Officer, Mark Lashier, as President and Chief Executive Officer effective July 1. Lashier will succeed Greg Garland, who will remain as Executive Chairman of the Board of Directors until he retires in 2024.
Apr 06, 2022 08:25 am ET
Phillips 66 Announces Debt Exchange Offers for Any and All Outstanding Debt Securities of Phillips 66 Partners LP and Consent Solicitations to Amend the Related Indentures
Phillips 66 (NYSE: PSX) announced today the commencement of offers to exchange (collectively, the “Exchange Offers”) any and all validly tendered (and not validly withdrawn) and accepted notes of the seven series of notes described in the table below (collectively, the “Old Notes”) issued by Phillips 66 Partners LP (“PSXP”) for notes to be issued by Phillips 66 Company (“P66 Co”), a wholly owned subsidiary of Phillips 66, as described in the table below (collectively, the “New Notes”).
Mar 17, 2022 04:30 pm ET
Phillips 66 to Announce First-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Friday, April 29, 2022, to discuss the company’s first-quarter 2022 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Mar 16, 2022 05:40 pm ET
TortoiseEcofin Provides Additional Information Regarding TPAYMENT Index Rebalance for First Quarter 2022
OVERLAND PARK, KS / ACCESSWIRE / March 16, 2022 / TortoiseEcofin today released additional information regarding the Ecofin Global Digital Payments Infrastructure Index quarterly rebalance for the first quarter of 2022. In addition to the announced changes on March 11, 2022, QIWI Plc will be removed from the index following the close of trading on March 18, 2022. In total, the following changes will become effective.
Mar 16, 2022 08:30 am ET
Phillips 66 Releases Human Capital Management Report
Phillips 66 (NYSE: PSX) today published its 2021 Human Capital Management Report, a comprehensive look at the company’s approach to building a high-performing organization that is ready for the challenges of the energy transition.
Mar 11, 2022 05:40 pm ET
TortoiseEcofin Announces Index Updates for First Quarter 2022
OVERLAND PARK, KS / ACCESSWIRE / March 11, 2022 / TortoiseEcofin today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the first quarter of 2022. Following the close of trading on March 18, 2022, the indices will be rebalanced and as a result, the following changes will become effective.
Mar 09, 2022 08:02 am ET
Phillips 66 Announces Completion of Phillips 66 Partners Acquisition
Phillips 66 (NYSE: PSX) announced today the completion of the previously announced merger between Phillips 66 Partners (PSXP) and Phillips 66. The merger resulted in Phillips 66 acquiring all limited partnership interests in PSXP not already owned by Phillips 66 and its affiliates. Partnership unitholders received 0.50 shares of PSX common stock for each outstanding PSXP common unit, including preferred units that were converted into common units at a premium prior to closing.
Mar 08, 2022 06:50 pm ET
TortoiseEcofin Announces Constituent Changes Due to Corporate Action
LEAWOOD, KS / ACCESSWIRE / March 8, 2022 / TortoiseEcofin today announced that Phillips 66 Partners LP (NYSE:PSXP) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with Phillips 66 (NYSE:PSX). Due to the merger, PSXP will be removed from both indices at market open on Wednesday, March 9, 2022.
Feb 28, 2022 04:30 pm ET
Phillips 66 Adds 2050 Target to Greenhouse Gas Emissions Reductions Plans
Phillips 66 (NYSE: PSX) announced today that it intends to reduce the greenhouse gas emissions intensity from its operations companywide 50% by 2050. The new target builds upon the company’s previously announced Scope 1 and 2 GHG emissions reduction targets.
Feb 24, 2022 08:31 am ET
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NEW YORK, Feb. 24, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RGLD, CVX, PSX, AAPL, and NVDA.
Feb 09, 2022 04:30 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 92 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2022, to shareholders of record as of the close of business on Feb. 22, 2022.
Feb 07, 2022 04:30 pm ET
Phillips 66 and H2 Energy Europe to develop hydrogen refueling network in Germany, Austria and Denmark
Phillips 66 (NYSE: PSX) and H2 Energy Europe (“H2 Energy”) today announced their commitment to develop up to 250 retail hydrogen refueling stations across Germany, Austria and Denmark by 2026 through a 50-50 joint venture between their subsidiaries, Phillips 66 Limited and H2 Energy Europe AG. The agreement is subject to regulatory approvals and customary closing conditions.
Jan 28, 2022 07:00 am ET
Phillips 66 Reports Fourth-Quarter 2021 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces fourth-quarter 2021 earnings of $1.3 billion, compared with earnings of $402 million in the third quarter of 2021. Excluding special items of $25 million, the company had adjusted earnings of $1.3 billion in the fourth quarter, compared with third-quarter adjusted earnings of $1.4 billion.
Jan 18, 2022 08:31 am ET
Thinking about trading options or stock in Activision Blizzard, GlaxoSmithKline, Take-Two Interactive, Phillips 66, or Apple?
NEW YORK, Jan. 18, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ATVI, GSK, TTWO, PSX, and AAPL.
Dec 16, 2021 04:30 pm ET
Phillips 66 to Announce Fourth-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EST on Friday, Jan. 28, 2022, to discuss the company’s fourth-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Dec 16, 2021 03:03 pm ET
AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.
Dec 15, 2021 04:30 pm ET
Phillips 66 to Speak at Goldman Sachs Energy Conference
Greg Garland, Chairman and CEO of Phillips 66 (NYSE: PSX), and other company leaders will participate in a fireside chat at the Goldman Sachs Global Energy and Clean Technology Conference on Wednesday, Jan. 5, 2022, at 11 a.m. EST.
Dec 10, 2021 12:03 pm ET
Phillips 66 Announces 2022 Capital Program
Phillips 66 (NYSE: PSX) today announced its 2022 capital program of $1.9 billion. The plan includes $992 million for sustaining capital and $916 million for growth capital. Approximately 45% of growth capital supports lower-carbon opportunities.
Dec 02, 2021 04:10 pm ET
British Airways and Phillips 66 Agree First-Ever UK-Produced Sustainable Aviation Fuel Supply
British Airways will become the first airline in the world to use sustainable aviation fuel produced in the UK after signing a multi-year agreement with Phillips 66 Limited.
Nov 19, 2021 09:00 pm ET
PHILLIPS 66 PARTNERS LP ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of its Investigation of the Sale of PSXP and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, remind investors of its investigation into whether the officers or directors of Phillips 66 Partners LP (NYSE: PSXP) (“PSXP”) breached their fiduciary duties or...
Nov 11, 2021 04:30 pm ET
Phillips 66 to Present at BofA Securities Global Energy Conference
Members of the Phillips 66 (NYSE: PSX) Executive Leadership Team will participate in a fireside chat at the BofA Securities Global Energy Conference on Thursday, Nov. 18, 2021, at 3 p.m. EST.
Nov 10, 2021 08:00 am ET
Phillips 66 Announces Redemption of Floating Rate Senior Notes Due 2024
Phillips 66 (NYSE: PSX) today announced it will redeem the entire outstanding principal amount of its Floating Rate Senior Notes due 2024 (the “Notes”). The redemption date for the Notes is December 15, 2021. The aggregate principal amount of the Notes outstanding is $450 million. The redemption price for the Notes will be equal to 100% of the principal amount of the Notes outstanding, plus accrued and unpaid interest thereon to, but not including, the redemption date. Phillips 66 plans to use cash on hand to fund the redemption.
Nov 09, 2021 04:20 pm ET
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Phillips 66 Partners LP Merger
Rigrodsky Law, P.A. announces that it is investigating Phillips 66 Partners LP (“Partners”) (NYSE: PSXP) regarding possible breaches of fiduciary duties and other violations of law related to Partners’ agreement to be acquired by Phillips 66...
Nov 08, 2021 04:35 pm ET
Phillips 66 to Convert Alliance Refinery to Terminal Facility
Phillips 66 (NYSE: PSX) announced today it plans to convert its Alliance Refinery in Belle Chasse, La., to a terminal facility. The conversion is expected to take place in 2022.
Nov 03, 2021 02:10 pm ET
Trial Lawyer Majed Nachawati Appointed Co-Lead Counsel in Litigation Over Weed Killer's Links to Parkinson's Disease
CONTRA COSTA, Calif., Nov. 3, 2021 /PRNewswire/ -- Trial lawyer Majed Nachawati has been named co-lead counsel for consolidated litigation in California state court on behalf of people who have developed Parkinson's disease after exposure to paraquat-based herbicides including Gramoxone.
Oct 29, 2021 09:31 am ET
Thinking about buying stock in Pfizer, Phillips 66, Plug Power, Progenity, or Edesa Biotech?
NEW YORK, Oct. 29, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for PFE, PSX, PLUG, PROG, and EDSA.
Oct 29, 2021 07:00 am ET
Phillips 66 Reports Third-Quarter 2021 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces third-quarter 2021 earnings of $402 million, compared with earnings of $296 million in the second quarter of 2021. Excluding special items of $1.0 billion, primarily an impairment of the Alliance Refinery following Hurricane Ida, the company had adjusted earnings of $1.4 billion in the third quarter, compared with second-quarter adjusted earnings of $329 million.
Oct 27, 2021 01:09 pm ET
PHILLIPS 66 PARTNERS LP ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of PSXP and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Phillips 66 Partners LP (NYSE: PSXP) (“PSXP”) breached their fiduciary duties or violated the...
Oct 27, 2021 08:00 am ET
Phillips 66 Announces Agreement to Acquire Phillips 66 Partners
Phillips 66 (NYSE: PSX) and Phillips 66 Partners (“PSXP” or the “Partnership”) (NYSE: PSXP) announced today that they have entered into a definitive agreement for Phillips 66 to acquire all of the publicly held common units representing limited partner interests in the Partnership not already owned by Phillips 66 and its affiliates.
Oct 13, 2021 08:00 am ET
Phillips 66, Plug Power Sign Agreement to Advance Green Hydrogen
Phillips 66 (NYSE: PSX) and Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced that the companies have signed a memorandum of understanding to collaborate on the...
Oct 13, 2021 08:00 am ET
Phillips 66, Plug Power Sign Agreement to Advance Green Hydrogen
Phillips 66 (NYSE: PSX) and Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen soluti
Oct 08, 2021 12:32 pm ET
Phillips 66 Announces Increase in Quarterly Dividend, Repayment of Debt
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 92 cents per share on Phillips 66 common stock, representing a 2% increase. The dividend is payable on Dec. 1, 2021, to shareholders of record as of the close of business on Nov. 17, 2021.
Sep 30, 2021 04:30 pm ET
Phillips 66 Sets Reduction Targets for Greenhouse Gas Emissions
Phillips 66 (NYSE: PSX) announced today that it intends to reduce greenhouse gas emissions intensity from its operations and energy products by 2030, setting impactful, attainable and measurable targets for the company. The company plans to reduce Scope 1 and Scope 2 emissions intensity from operations by 30% and Scope 3 emissions intensity of its energy products by 15%, below 2019 levels.
Sep 15, 2021 04:30 pm ET
Phillips 66 to Announce Third-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Friday, Oct. 29, to discuss the company’s third-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Sep 07, 2021 08:11 am ET
Phillips 66 Contributes a Total of $1 Million to American Red Cross for Ida Relief Efforts
Phillips 66 (NYSE: PSX) today announced it will contribute an additional $500,000 to the American Red Cross to assist relief efforts in the states affected by Hurricane Ida and its remnants. The latest donation brings the company’s total contribution to the organization’s Ida relief efforts to $1 million.
Sep 01, 2021 12:42 pm ET
Phillips 66 Contributes $500,000 to American Red Cross for Hurricane Ida Relief Efforts
Phillips 66 (NYSE: PSX) today announced it will contribute $500,000 to the American Red Cross to assist relief efforts after Hurricane Ida swept through southeastern Louisiana.
Aug 09, 2021 10:00 am ET
 Phillips 66 Announces Strategic Investment in NOVONIX
“This strategic investment enables Phillips 66 to directly support the development of the U.S. battery supply chain,” said Greg Garland, Chairman and CEO of Phillips 66. “It advances our commitment to pursue lower-carbon solutions while leveraging our leadership position and expertise in the specialty coke market and supporting NOVONIX’s emerging position in U.S.-based anode production.”
Aug 06, 2021 11:18 am ET
Phillips 66 Invests in Seeq, an Advanced Analytics Software Developer
Phillips 66 is driving to expand its advanced analytics capabilities with an investment supporting Seeq, a developer of software applications for analyzing and sharing insights on process manufacturing data.
Aug 03, 2021 07:00 am ET
Phillips 66 Reports Second-Quarter 2021 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces second-quarter 2021 earnings of $296 million, compared with a loss of $654 million in the first quarter of 2021. Excluding special items of $33 million, the company had adjusted earnings of $329 million in the second quarter, compared with a first-quarter adjusted loss of $509 million.
Jul 20, 2021 02:11 pm ET
Phillips 66 Announces Time Change for Conference Call on Second-Quarter Financial Results
Phillips 66 (NYSE: PSX) has changed the time of its conference call to discuss second-quarter earnings. The conference call webcast will now be held at 1 p.m. EDT on Tuesday, Aug. 3, 2021. At that time, the company’s executive management will discuss second-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Jul 15, 2021 04:30 pm ET
Phillips 66 Publishes its 2021 Sustainability Report
Phillips 66 released its 2021 Sustainability Report on Thursday, giving a broad account of how the company advanced a lower-carbon future in 2020 while weathering the pandemic. The report includes an analysis of the company’s climate-related risks and opportunities as well as performance data on various environmental, socia
Jul 14, 2021 04:50 pm ET
Phillips 66 Appoints Two New Directors
The board of directors of Phillips 66 (NYSE: PSX) has appointed Denise R. Cade and Douglas T. Terreson to serve as independent directors, effective July 14, 2021. Cade will serve on the audit and finance committee and the public policy and sustainability committee of the board, and Terreson will serve on the human resources and compensation committee and the public policy and sustainability committee of the board. Following the appointments, the board of Phillips 66 will comprise 11 directors, 10 of whom are independent.
Jul 14, 2021 04:30 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2021, to shareholders of record as of the close of business on Aug. 18, 2021.
Jun 21, 2021 04:30 pm ET
Phillips 66 to Announce Second-Quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Tuesday, Aug. 3, to discuss the company’s second-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Jun 02, 2021 11:00 am ET
Phillips 66 to contribute $250,000 to new Greenwood Rising history center in Tulsa, Oklahoma
Phillips 66 (NYSE: PSX) today announced it is contributing $250,000 to Greenwood Rising, a new center in Tulsa’s historic Greenwood District that honors the victims and survivors of the Tulsa Race Massacre of 1921 and the legacy of the city’s Black Wall Street.
May 26, 2021 04:30 pm ET
Phillips 66 to Speak at Two Upcoming Investor Conferences
Members of the Phillips 66 (NYSE: PSX) Executive Leadership Team will participate in fireside chats at two upcoming investor conferences: the 2021 Virtual Wells Fargo Energy Conference on Wednesday, June 2, 2021, at 1:20 p.m. EDT and the J.P. Morgan Energy, Power and Renewables Conference on Tuesday, June 22, 2021, at 1:20 p.m. EDT. Both events will be held virtually.
May 12, 2021 04:30 pm ET
Phillips 66 announces quarterly dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on June 1, 2021, to shareholders of record as of the close of business on May 24, 2021.
May 03, 2021 04:15 pm ET
Phillips 66 to host Annual Meeting of Shareholders
Phillips 66 (NYSE: PSX) will host its 2021 Annual Meeting of Shareholders on Wednesday, May 12, at 9 a.m. CDT in a virtual-only format via live webcast.
Apr 30, 2021 07:00 am ET
Phillips 66 reports first-quarter 2021 financial results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces a first-quarter 2021 loss of $654 million, compared with a loss of $539 million in the fourth quarter of 2020. Excluding special items of $145 million, the company had an adjusted loss of $509 million in the first quarter, compared with a fourth-quarter adjusted loss of $507 million.
Apr 22, 2021 03:00 pm ET
Phillips 66 and Southwest Airlines collaborate to advance sustainable aviation fuel
Phillips 66 (NYSE: PSX) and Southwest Airlines (NYSE: LUV) have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development. The memorandum of understanding also sets the framework to explore a future supply agreement involving Phillips 66’s Rodeo Renewed project in California and highlights the commitment by both companies to a sustainable energy future.
Apr 20, 2021 02:00 pm ET
Phillips 66 secures renewable fuels feedstock supply through investment in soybean-processing plant
Phillips 66 (NYSE: PSX) is securing feedstock for the company's growing portfolio of renewable fuels projects by investing in a new soybean-processing plant in Iowa.
Apr 05, 2021 04:30 pm ET
Phillips 66 Provides Guidance on First-Quarter 2021 Financial Information
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, is providing preliminary ranges for certain financial information reflecting the market and operating conditions experienced in the first quarter, including the effects of recent winter storms and the ongoing COVID-19 pandemic.
Mar 22, 2021 05:00 pm ET
Phillips 66 to Announce First-quarter Financial Results
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Friday, April 30, to discuss the company’s first-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Mar 15, 2021 05:00 pm ET
Phillips 66 to Present at Two Upcoming Investor Conferences
Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at two upcoming conferences: the Simmons Energy 21st Annual Energy Conference on Monday, March 22, 2021, at 2:30 p.m. EDT; and the 49th Annual Scotia Howard Weil Energy Conference on Tuesday, March 23, 2021, at 2 p.m. EDT. Both events will be held virtually.
Mar 11, 2021 09:00 am ET
Phillips 66 Releases Inaugural Human Capital Management Report
Phillips 66 (NYSE: PSX) today published its inaugural Human Capital Management Report, a comprehensive look at the company’s approach to building a high-performing organization, with workforce metrics, details on the employee experience, and insight on the culture that makes Phillips 66 a premier workplace for its 14,300 employees.
Mar 09, 2021 10:30 am ET
Phillips 66® Lubricants Launches e-ShieldTM Line for Electric Vehicles
These lubricants use modern proprietary formulations to enable extended driving range. Excellent thermal and conductive properties keep electric vehicles protected while running cooler and longer per charge.
Mar 08, 2021 10:00 am ET
Phillips 66 Contributes $450,000 to Houston Winter Storm Relief Efforts
Phillips 66 (NYSE: PSX) announced today it is contributing a total of $450,000 to winter storm relief and recovery efforts across Houston, with $250,000 going to the Houston Harris County Winter Storm Relief Fund and $200,000 going to the Houston Food Bank.
Mar 01, 2021 11:00 am ET
Phillips 66 Names Industry Leader Mark Lashier as President and Chief Operating Officer
Phillips 66 (NYSE: PSX) has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company LLC, as its President and Chief Operating Officer effective April 1.
Feb 25, 2021 09:00 am ET
Phillips 66 and Faradion Developing Sodium-ion Battery Materials
Phillips 66 (NYSE: PSX) and Faradion, one of the U.K.-based companies behind the first demonstration of a sodium-ion powered vehicle, have launched a technical collaboration to develop lower-cost and higher-performing anode materials for sodium-ion batteries.
Feb 10, 2021 04:30 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2021, to shareholders of record as of the close of business on Feb. 22, 2021.
Feb 02, 2021 03:00 pm ET
Phillips 66 Earns Perfect 100 on 2021 Corporate Equality Index
Phillips 66 (NYSE: PSX) today announced it has received a perfect score of 100 on the Corporate Equality Index, the nation's foremost benchmarking survey and report measuring workplace equality for lesbian, gay, bisexual, transgender and queer employees.
Jan 29, 2021 07:00 am ET
Phillips 66 Reports Fourth-Quarter 2020 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces a fourth-quarter 2020 loss of $539 million, compared with a loss of $799 million in the third quarter of 2020. Excluding special items of $32 million, the company had an adjusted loss of $507 million in the fourth quarter, compared with a third-quarter adjusted loss of $1 million.
Jan 21, 2021 02:00 pm ET
Phillips 66 Receives $3 Million Grant to Advance Reversible Solid Oxide Fuel Cell Technology
Phillips 66 (NYSE: PSX) today announced it has received a $3 million grant from the U.S. Department of Energy to advance the development of high-performance reversible solid oxide fuel cells.
Jan 04, 2021 05:00 pm ET
Phillips 66 to Present at Goldman Sachs Global Energy Conference
Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at the Goldman Sachs Global Energy Conference on Thursday, Jan. 7, 2021, at 12:45 p.m. EST. Garland will discuss value creation in an evolving energy landscape and provide an update on the company’s strategic initiatives, including its commitment to disciplined capital allocation.
Dec 16, 2020 05:00 pm 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, Jan. 29, to discuss the company’s fourth-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Dec 15, 2020 09:00 am ET
Phillips 66 Contributes to Houston Food Banks as Part of $1 Million Campaign
Phillips 66 (NYSE: PSX) announced today it is contributing a total of $1 million to 48 local food banks across the U.S. and in the U.K., with $200,000 going to five organizations in Houston. The gift, made on behalf of Phillips 66 employees, is meant to support organizations that have offered a critical lifeline this year to communities where the company operates.
Dec 14, 2020 07:00 am ET
Phillips 66 Announces 2021 Capital Program
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2021 capital budget of $1.7 billion, which includes $0.3 billion at Phillips 66 Partners.
Dec 03, 2020 01:20 pm ET
AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.
Oct 30, 2020 07:00 am ET
Phillips 66 Reports Third-Quarter 2020 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces a third-quarter 2020 loss of $799 million, compared with a loss of $141 million in the second quarter of 2020. Excluding special items of $798 million in the third quarter, primarily an impairment related to the planned conversion of the San Francisco Refinery to a renewable fuels plant, the company had an adjusted loss of $1 million, compared with a second-quarter adjusted loss of $324 million.
Oct 09, 2020 04:15 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2020, to shareholders of record as of the close of business on Nov. 17, 2020.
Oct 09, 2020 08:30 am ET
Phillips 66 Board Appoints New Director
The board of directors of Phillips 66 (NYSE: PSX) has appointed Lisa A. Davis to serve as an independent director, effective Oct. 8, 2020. Davis will serve on the human resources and compensation committee and the public policy committee of the board. Following the appointment, the board of Phillips 66 will comprise 11 directors, 10 of whom are independent.
Sep 24, 2020 01:00 pm 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. 30, to discuss the company’s third-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Aug 12, 2020 01:00 pm ET
Phillips 66 Plans to Transform San Francisco Refinery into World’s Largest Renewable Fuels Plant
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announced today that it plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant would no longer produce fuels from crude oil, but instead would make fuels from used cooking oil, fats, greases and soybean oils.
Aug 06, 2020 02:30 pm ET
Coloradans Reminded to Always Contact 811 Before Digging
Phillips 66 hopes that the 8/11 date on the calendar will serve as a reminder to call 811 to have underground utility lines marked prior to any digging project. The company operates 625 miles of underground petroleum pipelines in Colorado, and 13,000 miles of pipelines throughout the United States.
Jul 31, 2020 07:00 am ET
Phillips 66 Reports Second-Quarter 2020 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces a second-quarter 2020 loss of $141 million, compared with a loss of $2.5 billion in the first quarter of 2020. Excluding special items of $183 million in the second quarter, primarily a tax adjustment related to first-quarter impairments, the company had an adjusted loss of $324 million, compared with first-quarter adjusted earnings of $450 million.
Jul 08, 2020 05:00 pm ET
Phillips 66 Board Appoints New Director
The board of directors of Phillips 66 (NYSE: PSX) has appointed Julie L. Bushman to serve as an independent director, effective July 8, 2020. Bushman will serve on the Audit and Finance Committee and the Public Policy Committee of the board. Following the appointment, the board of Phillips 66 will comprise 11 directors, 10 of whom are independent.
Jul 08, 2020 04:30 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on September 1, 2020, to shareholders of record as of the close of business on August 18, 2020.
Jun 11, 2020 02:00 pm ET
Phillips 66 Releases 2020 Sustainability Report
Phillips 66 (NYSE: PSX) has published its 2020 Sustainability Report titled “Greater Good,” making it digitally available to employees, communities and investors at
Jun 10, 2020 03:15 pm 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 31, to discuss the company’s second-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
May 19, 2020 09:31 am ET
Thinking about trading stocks or options in AT&T, Wyndham Destinations, Co-Diagnostics, Phillips 66, or Alaska Air Group?
NEW YORK, May 19, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for T, WYND, CODX, PSX, and ALK.
May 06, 2020 04:15 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on June 1, 2020, to shareholders of record as of the close of business on May 18, 2020.
May 01, 2020 04:15 pm ET
Phillips 66 Recommends Rejection of Mini-Tender Offer by TRC Capital Corporation
Phillips 66 (NYSE: PSX) today announced that it has been notified of an unsolicited “mini-tender” offer dated April 27, 2020, made by TRC Capital Investment Corporation (TRC Capital), a private Canadian investment company, to purchase up to 2 million shares of Phillips 66 common stock. TRC Capital’s unsolicited “mini-tender” offer price of $57.50 per share is approximately 5% below the $60.53 per share closing price of Phillips 66’s common stock on April 24, 2020, the last trading day prior to the commencement of the offer. Phillips 66 is not affiliated in any way with TRC Capital, the offer,
May 01, 2020 07:00 am ET
Phillips 66 Reports First-Quarter 2020 Financial Results
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces a first-quarter 2020 loss of $2.5 billion, compared with earnings of $736 million in the fourth quarter of 2019. Excluding special items of $2.9 billion in the first quarter of 2020, primarily impairments related to goodwill and the company’s investment in DCP Midstream, LLC, adjusted earnings were $450 million, compared with fourth-quarter 2019 adjusted earnings of $689 million.
Apr 14, 2020 08:00 am ET
Phillips 66 Bolsters the Front Lines With $3 Million Commitment to Relief Efforts
Phillips 66 (NYSE: PSX) announced today it will contribute $3 million to COVID-19 relief efforts across the United States and in the United Kingdom. Of this, $1 million will be directed to the Greater Houston COVID-19 Recovery Fund and $500,000 to the Houston Food Bank. The remaining funds will be distributed to frontline organizations that are responding to the pandemic within communities where Phillips 66 operates, providing essential support for first responders, food banks, health care and other critical organizations serving vulnerable populations.
Apr 09, 2020 02:15 pm ET
Phillips 66 to Host Annual Meeting of Shareholders
Phillips 66 (NYSE: PSX) will host its 2020 annual meeting of shareholders on Wednesday, May 6, at 9 a.m. CDT in a virtual-only format via live webcast.
Apr 03, 2020 09:31 am ET
Thinking about trading options or stock in Dollar General, Phillips 66, Twitter, Uber, or Slack Technologies?
NEW YORK, April 3, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DG, PSX, TWTR, UBER, and WORK.
Mar 24, 2020 07:00 am ET
Phillips 66 Responds to Challenging Business Environment
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces actions in response to the challenging business environment.
Mar 18, 2020 04:00 pm ET
Phillips 66 Announces Date Change for First-Quarter Financial Results Announcement
Phillips 66 (NYSE: PSX) has changed the date of its conference call to discuss first-quarter earnings due to a change in scheduling. The conference call webcast will now be held on Friday, May 1 at noon EDT. At that time, the company’s executive management will discuss first-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Feb 28, 2020 08:30 am ET
Phillips 66 and Trafigura Form Joint Venture to Develop Deepwater Port
Phillips 66 (NYSE: PSX) and Trafigura Group Pte. Ltd announce they have formed a 50/50 joint venture, Bluewater Texas Terminal LLC (“Bluewater Texas”), to develop an offshore deepwater port project located approximately 21 nautical miles east of the entrance to the Port of Corpus Christi.
Feb 21, 2020 08:30 am ET
Phillips 66 Partners Acquires Interest in Liberty Pipeline
Phillips 66 Partners LP (NYSE: PSXP) (“Phillips 66 Partners” or the “Partnership”) has reached agreement with Phillips 66 (NYSE: PSX) to acquire its 50% interest in the Liberty Pipeline project for approximately $75 million. Phillips 66 Partners plans to fund the transaction through a combination of cash on hand and the revolving credit facility. The transaction is expected to close on March 2, 2020, with an effective date of March 1, 2020.
Feb 13, 2020 06:08 pm 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 Wednesday, April 29, to discuss the company’s first-quarter 2020 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Feb 05, 2020 12:08 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on March 2, 2020, to shareholders of record as of the close of business on Feb. 18, 2020.
Jan 31, 2020 07:00 am ET
Phillips 66 Reports Fourth-Quarter Earnings of $736 Million or $1.64 Per Share Adjusted earnings of $689 million or $1.54 per share
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces fourth-quarter 2019 earnings of $736 million, compared with $712 million in the third quarter of 2019. Excluding special items of $47 million in the fourth quarter, adjusted earnings were $689 million, compared with third-quarter adjusted earnings of $1.4 billion.
Jan 21, 2020 08:30 am ET
Phillips 66 and Renewable Energy Group Withdraw Renewable Diesel Project in Washington State
Phillips 66 (NYSE: PSX) and Renewable Energy Group, Inc. (NASDAQ: REGI) are discontinuing their joint effort to construct
Dec 20, 2019 01:07 pm 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, Jan. 31, to discuss the company’s fourth-quarter 2019 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Dec 13, 2019 11:45 am ET
Phillips 66 Announces 2020 Capital Program
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2020 capital program. The Phillips 66 capital budget is $3.3 billion, net of $0.5 billion expected cash capital contributions from joint venture partners (“adjusted capital”). The adjusted capital budget includes $0.9 billion for Phillips 66 Partners.
Nov 06, 2019 08:00 am ET
Phillips 66 Hosts Investor Day
Phillips 66 (NYSE: PSX) executive management is hosting an investor day in New York today, at 8:30 a.m. EST, to provide an update on the company’s strategic initiatives.
Nov 01, 2019 12:25 pm ET
AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.
Oct 30, 2019 11:00 am ET
Phillips 66 to Host Investor Day
Phillips 66 (NYSE: PSX) executive management will host an investor day in New York on Nov. 6, 2019, at 8:30 a.m. EST., to provide an update on the company’s strategic initiatives.
Oct 25, 2019 07:00 am ET
Phillips 66 Reports Third-Quarter Earnings of $712 Million or $1.58 Per Share
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces third-quarter 2019 earnings of $712 million, compared with $1.4 billion in the second quarter of 2019. Excluding special items of $690 million in the third quarter, primarily impairments related to the company's investment in DCP Midstream, LLC, adjusted earnings were $1.4 billion, compared with second-quarter adjusted earnings of $1.4 billion.
Oct 07, 2019 09:04 am ET
Phillips 66 Board Appoints New Director
The board of directors of Phillips 66 (NYSE: PSX) has appointed Charles M. Holley to serve as an independent director, effective Oct. 4, 2019. Holley will serve on the Audit and Finance Committee and the Public Policy Committee of the board. Following the appointment, the board of Phillips 66 will comprise 10 directors, nine of whom are independent.
Oct 04, 2019 12:24 pm ET
Phillips 66 Announces New $3 Billion Share Repurchase Program and Quarterly Dividend
Phillips 66 (NYSE: PSX) announced that the board of directors has approved a new share repurchase program that authorizes the company to repurchase up to $3 billion of its common stock, bringing the total amount of share repurchase programs authorized by the board since 2012 to an aggregate of $15 billion. The board also declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 2, 2019, to shareholders of record as of the close of business on Nov. 18, 2019.
Sep 23, 2019 05:12 pm ET
Phillips 66 Contributes to Imelda Relief Efforts
Phillips 66, an energy manufacturing and logistics company, has pledged a donation of $250,000 to the American Red Cross to support recovery efforts after Tropical Storm Imelda flooded the Texas coast. This donation is critical to meet the immediate needs of those displaced from their homes.
Sep 20, 2019 02:25 pm 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. 25, to discuss the company’s third-quarter 2019 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
Jul 26, 2019 07:00 am ET
Phillips 66 Reports Second-Quarter Earnings of $1.4 Billion or $3.12 Per Share
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces second-quarter 2019 earnings of $1.4 billion, compared with $204 million in the first quarter of 2019. Excluding special items of $45 million in the second quarter, adjusted earnings were $1.4 billion, compared with first-quarter adjusted earnings of $187 million.
Jul 26, 2019 06:45 am ET
Phillips 66 and Phillips 66 Partners Announce Elimination of Incentive Distribution Rights
Phillips 66 (NYSE: PSX) and Phillips 66 Partners (PSXP or Partnership) (NYSE: PSXP) today announced execution of a definitive agreement to
Jul 10, 2019 12:01 pm ET
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 3, 2019, to shareholders of record as of the close of business on Aug. 20, 2019.
Jul 05, 2019 04:05 pm ET
Red Oak Pipeline Announces Supplemental Open Season
Red Oak Pipeline LLC announced today that it has launched a supplemental open season seeking additional crude oil transportation commitments for service from origins in Oklahoma and Texas to Gulf Coast destinations including Corpus Christi, Ingleside, Houston, and Beaumont, Texas.
Jul 03, 2019 06:09 pm ET
Bridger Pipeline, Liberty Pipeline and Red Oak Pipeline Announce Supplemental Open Season
Bridger Pipeline LLC, together with its affiliates, Liberty Pipeline LLC, and Red Oak Pipeline LLC announced today that they have launched a supplemental open season seeking additional crude oil transportation commitments for joint service from production areas in the Rockies and Bakken to Cushing, Oklahoma and Gulf Coast destinations including Corpus Christi, Ingleside, and Houston, Texas.
Jun 27, 2019 04:30 pm ET
Phillips 66 Releases 2019 Sustainability Report
Phillips 66 (NYSE:PSX) has published its 2019 Sustainability Report titled Purpose and Progress, making it digitally available to employees, communities and investors at
Jun 21, 2019 11:00 am ET
Phillips 66 to Announce Second-Quarter Financial Results
To access the webcast, go to the Phillips 66 Investors site, www.phillips66.com/investors, and click on “Events and Presentations.” A replay of the webcast will be archived on the Investors site approximately two hours after the live call, and a transcript also will be available at a later date.
Jun 10, 2019 04:05 pm ET
Phillips 66 and Bridger Pipeline to Construct Liberty Pipeline
Phillips 66 (NYSE: PSX) and Bridger Pipeline LLC (Bridger) announced that they have formed a 50/50 joint venture, Liberty Pipeline LLC, and are proceeding with construction of the Liberty Pipeline (Liberty). The 24-inch pipeline will provide crude oil transportation service from the Rockies and Bakken production areas to Cush
Jun 10, 2019 04:05 pm ET
Phillips 66 and Plains All American Announce Strategic JV and Sanctioning of Red Oak Pipeline System
Phillips 66 (NYSE: PSX) and Plains All American Pipeline (Plains) (NYSE: PAA) announced that they have formed a 50/50 joint ventu
May 29, 2019 11:47 am ET
Robotic Inspection of In-Service Diesel Storage Tank a Success
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, Square Robot, Inc. and Veritank, Inc., have collaborated to successfully deploy an autonomous robot that safely performed its first in-service inspection of the interior of an aboveground diesel storage tank.
May 16, 2019 12:00 pm ET
Phillips 66 to Present at J.P. Morgan Energy Conference
Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at the J.P. Morgan Energy Conference on Tuesday, June 18, 2019, at 10:50 a.m. EDT. 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.
May 08, 2019 02:15 pm ET
Phillips 66 Announces Increase in Quarterly Dividend
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock, representing a 12.5% increase. The dividend is payable on June 3, 2019, to shareholders of record as of the close of business on May 20, 2019.
Apr 30, 2019 07:00 am ET
Phillips 66 Reports First-Quarter Earnings of $204 Million or $0.44 Per Share
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces first-quarter 2019 earnings of $204 million, compared with $2.2 billion in the fourth quarter of 2018. Excluding special items of $17 million in the first quarter of 2019, adjusted earnings were $187 million, compared with fourth-quarter 2018 adjusted earnings of $2.3 billion.
Apr 04, 2019 06:25 pm ET
Phillips 66 to Host Annual Meeting of Shareholders
Phillips 66 (NYSE: PSX) will host its 2019 annual meeting of shareholders on Wednesday, May 8, at 9 a.m. CDT at the Houston Marriott Westchase, 2900 Briarpark Dr, Houston, TX 77042. Shareholders must present an admission ticket or proof of ownership of Phillips 66 stock, as well as valid picture identification, to be admitted.
Feb 26, 2019 02:15 pm 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 01:45 pm 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 am 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 am 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 pm 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 03:00 pm 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 pm 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 02:32 pm 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 am 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 04:00 pm 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 am 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 am 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 am 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.

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