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Phillips 66 (PSX)

PSX on New York Consolidated

9 Dec 2016
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$-0.47 (-0.54%)
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Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway buys about 824,000 shares of Phillips 66
Monday, 23 May 2016 08:03pm EDT 

Phillips 66 :Berkshire Hathaway bought about 824,000 shares of Phillips 66 from 19 May to 23 May raises stake to 76.37 million shares - SEC filing.  Full Article

Phillips 66 reports emissions at Borger, TX refinery
Thursday, 19 May 2016 06:06pm EDT 

Phillips 66 : Phillips 66 JV Borger, Texas, refinery reports emissions from GOHDS HC Flare, unit 82 Amine Treater . Source: Texas Commission on Environment Quality filing [nEMN36GQWA] . Refinery capacity: 146,000 barrels per day The Borger refinery is a joint venture between Phillips 66 and Cenovus Energy Inc Further company coverage: [PSX.N] (Reporting by Swati Verma in Bengaluru) ((Swati.Verma@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6356/1298 ; Reuters Messaging: swati.verma.thomsonreuters.com@reuters.net)).  Full Article

Phillips 66 Company reports 60.8 pct active stake in Phillips 66 Partners LP
Thursday, 12 May 2016 09:37am EDT 

: Phillips 66 Company reports 60.8 pct active stake in Phillips 66 Partners LP as of May 10, 2016 - SEC filing . Phillips 66 company previously reported a 70.5 percent active stake in Phillips 66 Partners LP as of May 13, 2015 Source - http://1.usa.gov/1TRwCaD Source for previous stake - http://bit.ly/1YnHaiQ (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Phillips 66 announces quarterly dividend
Wednesday, 3 Feb 2016 11:44am EST 

Phillips 66:Declared a quarterly dividend of 56 cents per share on Phillips 66 common stock.Dividend is payable on March 1, 2016, to shareholders of record as of the close of business on Feb. 16, 2016.  Full Article

Phillips 66 - Exxon Mobil Corp closes Memphis, Tennessee, terminal on flood risk - Reuters
Friday, 1 Jan 2016 01:21pm EST 

Phillips 66:Exxon Mobil Corp shut its refined products terminal along the Mississippi River in Memphis, Tennessee, as flood waters threatened to inundate the facility just south of the city's downtown, a company spokesman said on Friday - RTRS.Heavy rains in Missouri and Illinois have swollen the Mississippi and its tributaries in the past week, shutting two pipelines feeding the Phillips 66 refinery in Wood River, Illinois, and threatening other refineries, terminals and pipelines along the river to the Gulf Coast in Louisiana - RTRS."Safety is our first priority and due to rising flood waters, Exxon Mobil's Memphis Terminal has closed its facility," said company spokesman Todd Spitler in an email statement - RTRS."Impacts to customers will be minimized as alternative supply will be provided," Spitler said. "We will restart the facility as soon as it is safe to do so." - RTRS.The Valero refinery sits alongside a small tributary to the Mississippi and at a higher elevation than the Exxon terminal. - RTRS.  Full Article

Fire at Phillips 66's Ferndale, Washington refinery supports gasoline - Reuters
Monday, 21 Dec 2015 02:52pm EST 

Phillips 66:Pacific Northwest gasoline prices were bid and offered higher on Monday following a fire over the weekend at Phillips 66's PSX.N refinery in Ferndale, Washington, according to sources - RTRS.The fire took place on Friday night, sources said. It was not yet clear whether operations at the 101,000 barrel-per-day refinery had been disrupted. - RTRS.The local fire department said it did not respond to an incident at the refinery over the weekend, but noted the refiner has its own responders who are often the first on the scene following such incidents. - RTRS.Phillips 66 did not yet respond to a request for comment. Prompt gasoline was bid at a 42-cent a gallon premium to the NYMEX and offers were at a 52-cent a gallon premium, up nearly 10 cents from Friday. - RTRS.  Full Article

Phillips 66 Announces increases share repurchase program
Monday, 12 Oct 2015 08:01am EDT 

Phillips 66:Announces 2016 capital budget and increases share repurchase program.Says board of directors of Phillips 66 also approved a $2.0 billion increase to the company's share repurchase program.Says 2016 capital budget will fund midstream growth and enhance returns in refining.Says excluding Phillips 66 partners' capital spending, Phillips 66 plans to invest $2.0 billion in its midstream business lines.Says the budget includes spending associated with expansion of the sweeny ngl midstream hub.Says Phillips 66 anticipates funding the repurchases primarily with available cash.Says Phillips 66 plans $1.2 billion of capital expenditures in refining.Says discretionary refining capital of about $400 million will improve product yields and lower feedstock costs.Says announces its 2016 capital budget of $3.6 billion, excluding Phillips 66 partners' capital program.In natural gas liquids, continues construction of the 4.4 million-barrel-per-month freeport lpg export terminal on U.S. gulf coast.2016 capital spending plans for Phillips 66 partners, jv dcp midstream, Chevron Phillips chemical to be announced later this year.  Full Article

Phillips 66 announces quarterly dividend
Friday, 9 Oct 2015 12:00pm EDT 

Phillips 66:Sets quarterly dividend of $0.56 per share.  Full Article

Phillips 66 says talks for Alliance refinery union contract ongoing - Reuters
Sunday, 30 Aug 2015 08:00pm EDT 

Phillips 66:Phillips 66 said on Aug.31, that talks were continuing with the United Steelworkers (USW) for a contract covering the union's workers at the company's refinery in Alliance, Louisiana - Reuters.Workers at the 247,000 barrel per day refinery, located 24 miles (38.5 kilometers) south of New Orleans, rejected a contract offer from Phillips 66 on Thursday - Reuters.The USW reached a national four-year agreement in mid-March with U.S. refinery owners after launching the largest strike by refinery and chemical plant workers in 35 years - Reuters.  Full Article

Phillips 66, Sunoco Logistics form joint venture to construct crude oil pipeline
Thursday, 30 Jul 2015 05:00pm EDT 

Phillips 66:Says joint venture will also launch an expansion open season for service to the market hub in st. james, Louisiana.Says Sunoco Logistics will be the operator of the system.Phillips 66 holds a 40 percent interest in the joint venture and Energy Transfer and Sunoco Logistics each hold a 30 percent interest.Says the binding expansion open season will commence in the third quarter of 2015.Construction underway on the nederland to lake charles segment of the pipeline, and expected to begin commercial operations in Q1 2016.Results of expansion open season to be used to determine size of pipeline to st. james,has forecasted in-service date of second half 2017.Companies will launch binding expansion open season to assess additional shipper interest in and around the st. james area.  Full Article


Delta Air to sell gasoline and diesel as losses at its refinery climb

NEW YORK Delta Air Lines Inc is preparing to market gasoline from a refinery it owns outside Philadelphia, signaling a shift in strategy toward managing the plant as a commercial refiner rather than a dedicated jet fuel supplier.