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Phillips 66 (PSX)

PSX on New York Consolidated

78.55USD
22 May 2017
Change (% chg)

$0.00 (+0.00%)
Prev Close
$78.55
Open
$78.31
Day's High
$78.79
Day's Low
$78.21
Volume
1,386,580
Avg. Vol
2,449,723
52-wk High
$88.87
52-wk Low
$73.67

Latest Key Developments (Source: Significant Developments)

Phillips 66 says increases quarterly dividend by 11 percent to $0.70per share
Wednesday, 3 May 2017 02:09pm EDT 

May 3 (Reuters) - Phillips 66 :Phillips 66 announces increase in quarterly dividend.Increases quarterly dividend by 11 percent to $0.70per share.  Full Article

Phillips 66 sees Q2 refining crude utilization at mid-90 pct
Friday, 28 Apr 2017 12:57pm EDT 

April 28 (Reuters) - Phillips 66 ::Sees Q2 refining crude utilization at mid-90 pct.Sees Q2 global olefins & polyolefins utilization at mid-90 pct.RINs were still a reduction to realized margin in quarter - conf call.Phillips 66 says reduction to realized margin in quarter due to rins was lesser quarter over quarter - conf call.Phillips 66 CEO says "we've felt like 2017 is going to look like 2016, particularly in front half of the year" - conf call.Phillips 66 says see an opportunity for some margin improvement in the back half of 2017 - conf call.Phillips 66 says through the first quarter and into early april, gas demand looks flattish to us at best - conf call.Phillips 66 says seeing "good global demand" in the petrochemicals business - conf call.Phillips 66 says in near term and certainly in 2017, see less refining capacity coming on globally than past few years - conf call.Phillips 66 says can "certainly afford" $1 billion of sustaining capital, $1.3 billion dividend in 2017 - conf call.Phillips 66 says sees $1 billion to $2 billion share repurchase program in 2017 - conf call.  Full Article

Phillips 66 sees Q2 pre-tax refining turnaround expenses $130 mln-$160 mln
Friday, 28 Apr 2017 12:55pm EDT 

April 28 (Reuters) - Phillips 66 ::Sees Q2 pre-tax refining turnaround expenses $130 million to $160 million - presentation slides.  Full Article

Phillips 66 Q1 earnings per share $1.02
Friday, 28 Apr 2017 07:00am EDT 

April 28 (Reuters) - Phillips 66 ::Phillips 66 reports first-quarter earnings of $535 million or $1.02 per share.Q1 earnings per share $1.02.Q1 adjusted earnings per share $0.56.Phillips 66 - midstream's first-quarter earnings were $77 million, compared with a loss of $1 million in Q4 of 2016.Phillips 66 - company continues to expand its beaumont terminal, which now has 9 million barrels of crude and product storage capacity.Phillips 66 - additional 1.2 million barrels of product storage is planned to be in service by mid-2017 at beaumont terminal.Phillips 66 - refining's adjusted loss was $2 million in Q1 versus adjusted loss of $95 million in Q4.Phillips 66 - qtrly chemicals adjusted earnings $201 million versus $124 million in Q4.Phillips 66 Q1 total revenue and other income $23,712 million versus $17,760 million.  Full Article

Phillips 66 reports SRU emissions at Borger, Texas refinery on April 19
Thursday, 20 Apr 2017 10:19am EDT 

April 20 (Reuters) - Phillips 66 : :Phillips 66 JV Borger, Texas refinery reports a release of sulfur dioxide at unit 43 sulfur recovery unit incinerator stack on April 19.Phillips 66 JV Borger, Texas refinery reports equipment was restarted.Phillips 66 JV Borger, Texas refinery reports emissions from unit 43 SCOT unit incinerator, unit 43 SRU.  Full Article

Phillips 66 Borger, Texas refinery reports process upset
Wednesday, 12 Apr 2017 05:57pm EDT 

Phillips 66 : JV Borger, Texas refinery reports emissions from unit 43 sulfur recovery exceeded 500 lbs of sulfur dioxide and 100 lbs of hydrogen sulfide due to process upset . JV Borger, Texas refinery reports emissions from Derrick flare, SCOT unit incinerator, unit 43 SCOT unit, unit 43 sulfur recovery Source: Texas Commission on Environmental Quality filing [nEMN20S7JF] Refinery capacity: 146,000 barrels per day (Reporting by Apeksha Nair in Bengaluru) ((BLRCEEditorial@thomsonreuters.com)).  Full Article

Phillips 66 reports Unit 40 FCCU shutdown for planned work at Borger, Tx, refinery
Friday, 24 Feb 2017 01:20am EST 

Phillips 66 : JV Borger, Texas, refinery reports Unit 40 fluid catalytic cracking (FCCU) is being shut down for scheduled maintenance on equipment .The filing listed the event end date as April 12..  Full Article

Phillips 66 Borger, Texas refinery reports FCCU ESP maintenance
Tuesday, 14 Feb 2017 11:16am EST 

Phillips 66 : JV Borger, Texas, refinery reports emissions from unit 40 ESP, unit 40 FCCU, unit 40 FCCU stack . JV Borger, Texas, refinery reports unit 40 FCCU Electrostatic Precipitator (ESP) is scheduled for maintenance . JV Borger, Texas, refinery reports during maintenance there may be high opacity and particulates released from the stack . JV Borger, Texas, refinery reports the FCCU is not scheduled to go down Source: Texas Commission on Environmental Quality filing [nEMN2CC97C] Refinery capacity: 146,000 barrels per day (Reporting by Apeksha Nair in Bengaluru) ((BLRCEEditorial@thomsonreuters.com)).  Full Article

Phillips 66 reports Unit 85 boiler work at Borger, Texas refinery
Monday, 13 Feb 2017 01:17am EST 

Phillips 66 : JV Borger, Texas, refinery reports Unit 85 boiler (also called 12 boiler) will be begin tuning the week of 2/13/17 .JV Borger, Texas, refinery reports here may be temporary periods where the boiler exceeds short term emission limits or has visible emissions during the testing.  Full Article

Phillips 66 says pipeline blocked in after Louisiana fire
Thursday, 9 Feb 2017 10:46pm EST 

Phillips 66 : says (at about 7:30 p.m.), a fire occurred at Phillips 66-operated Paradis pipeline station, located 30 minutes west of New Orleans . says the pipeline has been blocked in and the remaining product in the line continues to burn . says it is in the process of accounting for all employees and contractors who were working at the site Related: Phillips 66 gas pipeline fire leads to evacuations in Paradis, Louisiana [nFWN1FU1AA] (Reporting by Arpan Varghese and Nallur Sethuraman in Bengaluru) ((arpan.varghese@thomsonreuters.com; +91-80-6749-6382 / 1298 (If within U.S. call 651-848-5832 ); Reuters Messaging: arpan.varghese.thomsonreuters.com@reuters.net)).  Full Article

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