Key Developments: Phillips 66 (PSX)

PSX on New York Consolidated

85.89USD
18 Sep 2014
Price Change (% chg)

$0.20 (+0.23%)
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Latest Key Developments (Source: Significant Developments)

Phillips 66 approves additional share repurchases
Wednesday, 9 Jul 2014 02:30pm EDT 

Phillips 66:Approves an additional $2 billion share repurchase program.Shares will be repurchased from time to time in the open market at the company's discretion, subject to market conditions and other factors, and in accordance with applicable regulatory requirements.  Full Article

Phillips 66 announces quarterly dividend
Wednesday, 9 Jul 2014 12:45pm EDT 

Phillips 66:Declares a quarterly dividend of 50 cents per share.Payable on Sept. 2, to shareholders of record on Aug. 15.  Full Article

Phillips 66 acquires specialty lubricants manufacturer
Monday, 23 Jun 2014 09:00am EDT 

Phillips 66:Agreed to acquire Spectrum Corporation, a specialty lubricants company.Transaction is expected to close in the third quarter of 2014 following receipt of regulatory approvals.Terms of transaction are not being disclosed.  Full Article

Phillips 66 acquires gulf coast crude oil and refined products terminal
Thursday, 5 Jun 2014 05:00pm EDT 

Phillips 66:To purchase a 7.1 mln-barrel storage capacity terminal located near Beaumont, Texas.  Full Article

WEX signs multi-year private label card program extension with Phillips 66
Tuesday, 27 May 2014 07:30am EDT 

WEX Inc:Signs a multi-year extension to provide private label and universal fleet card services for Phillips 66.WEX will continue to issue fleet cards and provide related payment services to Phillips 66-branded customers.  Full Article

Phillips 66 announces 28 pct increase in quarterly dividend
Wednesday, 7 May 2014 01:15pm EDT 

Phillips 66:Declared a quarterly dividend of $0.50 per share.Payable on June 2, to shareholders of record on May 19.  Full Article

Phillips 66 gives FY 2014 earnings guidance; EPS guidance above analysts' estimates - Conference Call
Thursday, 10 Apr 2014 02:30pm EDT 

Phillips 66:Expects FY 2014 adjusted earnings to increase over 15 pct.Expects FY 2014 earnings per share to increase 22 pct.Reported EPS of $5.89 in FY 2013.FY 2014 EPS of $7.17 and net income of $4.20 billion - Thomson Reuters I/B/E/S.  Full Article

Phillips 66 Partners LP announces asset acquisition from Phillips 66
Thursday, 13 Feb 2014 11:41am EST 

Phillips 66 Partners LP:Says its first post-IPO acquisition will include Phillips 66's Gold Product Pipeline System, also known as the "Gold Line System," and the Medford Spheres, two newly constructed refinery-grade propylene storage spheres, for a total consideration of $700 mln.The assets to be acquired include The Gold Line System, consisting of a 681-mile refined products pipeline system that runs from the Phillips 66 operated refinery in Borger, Texas, to Cahokia, Ill.The Medford Spheres, located in Medford, Okla., with a total working capacity of 70,000 barrels and scheduled to commence operation Mar 1.The partnership will finance the $700 mln acquisition with cash on hand of $400 mln, the issuance of additional units valued at $140 mln and a 5-year, $160 mln note payable to a subsidiary of Phillips 66.  Full Article

Phillips 66's JV Wood River refinery unit malfunctions - Reuters
Monday, 20 Jan 2014 05:05pm EST 

Phillips 66:A unit malfunctioned on Jan. 19, at Phillips 66's 333,000 barrel per day (bpd) joint-venture Wood River, Illinois, refinery, according to a notice the refinery filed with the Illinois Emergency Management Agency - Reuters.According to the notice the malfunction triggered the refinery's safety flare system causing a release of nitrous dioxide.The Wood River refinery is a 50-50 joint venture between Phillips and Cenovus Energy Inc.  Full Article

Berkshire Hathaway Inc to acquire Flow Improver Business from Phillips 66
Monday, 30 Dec 2013 05:00pm EST 

Berkshire Hathaway Inc:Says it is acquiring Phillips Specialty Products Inc from Phillips 66.Says in exchange for the share capital of the wholly owned subsidiary, Phillips 66 will receive shares of Phillips 66 common stock currently held by Berkshire Hathaway.Says the specific number of shares will be determined by the share price at deal closing.  Full Article

UPDATE 1-Phillips 66 to add railcars to move more crude to coast refineries

(Updates to add shipments will include Canadian crude, comment on proposed California rail project)

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