Key Developments: Phillips 66 (PSX)

PSX on New York Consolidated

79.42USD
21 Nov 2014
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$1.59 (+2.04%)
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Latest Key Developments (Source: Significant Developments)

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

Phillips 66 announces new $2 bln share repurchase program
Friday, 6 Dec 2013 11:31am EST 

Phillips 66:Says it has approved a new $2 billion share repurchase program, consistent with the company's strategy to grow shareholder distributions.Says the company has repurchased $2 billion of its shares as of October 2013.  Full Article

Phillips 66 Reports Small Fire In Process Unit At Rodeo, CA, Refinery-Reuters
Friday, 4 Oct 2013 01:05pm EDT 

Reuters reported that Phillips 66 reported a small fire in the insulation of a process unit at its 120,200-barrel-per-day Rodeo refinery in northern California, according to a filing with state pollution regulators. The incident occurred on October 03, 2013, and the Company did not specify which unit was affected, the filing with the Contra Costa Health Services said.  Full Article

Phillips 66 Announces 25% Increase in Quarterly Dividend
Wednesday, 2 Oct 2013 11:15am EDT 

Phillips 66 announced that it has declared a quarterly dividend of 39 cents per share on Phillips 66 common stock, representing an increase of approximately 25% from the prior quarter. The dividend is payable on December 2, 2013, to shareholders of record at the close of business on November 14, 2013.  Full Article

Phillips 66 Announces Pricing of Initial Public Offering of Phillips 66 Partners LP
Tuesday, 23 Jul 2013 08:00am EDT 

Phillips 66 announced the pricing of its initial public offering of 16,425,000 common units of Phillips 66 Partners LP representing limited partner interests at $23.00 per common unit. The common units will begin trading on the New York Stock Exchange on July 23, 2013 under the ticker symbol PSXP. The underwriters of the offering have a 30-day option to purchase up to an additional 2,463,750 common units from Phillips 66 Partners to cover over-allotments. The offering is expected to close on or about July 26, 2013. At the closing of this offering, the public will own a 22.9% limited partner interest in Phillips 66 Partners, or a 26.3% limited partner interest if the underwriters exercise in full their option to purchase additional common units. J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank Securities, Citigroup and RBC Capital Markets are acting as book-running managers for the offering. RBS, DNB Markets, Mitsubishi UFJ Securities, Mizuho Securities and PNC Capital Markets LLC are acting as co-managers.  Full Article

Phillips 66 Announces Quarterly Dividend
Wednesday, 10 Jul 2013 11:01am EDT 

Phillips 66 announced that it has declared a quarterly dividend of 31.25 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 3, 2013, to shareholders of record at the close of business on Aug. 16, 2013.  Full Article

Phillips 66 To Sell Ireland's Sole Refinery-Reuters
Tuesday, 11 Jun 2013 11:37am EDT 

Reuters reported that Phillips 66 said on June 11, 2013 it is to sell Ireland's only refinery. Other assets on sale include an oil and refined products storage terminal in Bantry Bay and its wholesale marketing business, the Company said.  Full Article

Phillips 66 To Sell Ireland's Refinery-Reuters
Tuesday, 11 Jun 2013 11:37am EDT 

Reuters reported that Phillips 66 said on June 11, 2013 it is to sell Ireland's only refinery. Other assets on sale include an oil and refined products storage terminal in Bantry Bay and its wholesale marketing business, the Company said.  Full Article

Phillips 66 Announces Quarterly Dividend
Wednesday, 8 May 2013 02:57pm EDT 

Phillips 66 announced that it has declared a quarterly dividend of 31.25 cents per share on Phillips 66 common stock. The dividend is payable on June 3, 2013, to shareholders of record at the close of business on May 20, 2013.  Full Article

Chicago Bridge & Iron Company NV Announces To Acquire Technology Business From Phillips 66
Thursday, 21 Mar 2013 07:00am EDT 

Chicago Bridge & Iron Company NV announced that it has entered into an agreement with Phillips 66 to acquire the company's E-Gas Technology business. The E-Gas solids gasification technology is a process to convert coal or petroleum coke (petcoke) into syngas, which can be used for power generation or further converted to substitute natural gas, hydrogen and downstream methanol-related chemicals production. Financial terms of the transaction were not disclosed.  Full Article

UPDATE 2-Refiner Phillips 66's third-quarter profit more than doubles

HOUSTON, Oct 29 - U.S. refiner Phillips 66 said on Wednesday its third-quarter profit more than doubled as it benefited from cheap crudes produced by the North American onshore oil boom.

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