Phillips 66 (PSX)
19 Jan 2017
Fri, Oct 28 2016
HOUSTON, Oct 28 Construction is continuing on the Dakota Access Pipeline (DAPL) even as a dispute with Native Americans has blocked work on a section of the project, the chief executive of Phillips 66, which owns 25 percent of the project, said on Friday.
HOUSTON Construction is continuing on the Dakota Access Pipeline (DAPL) even as a dispute with Native Americans has blocked work on a section of the project, the chief executive of Phillips 66, which owns 25 percent of the project, said on Friday.
Phillips 66 reported a better-than-expected quarterly profit on Friday, helped by profitability at two of its midstream units.
HOUSTON U.S. refiners are looking at "some run cuts" for the fourth quarter of 2016, said Phillips 66 Chief Executive Greg Garland during a conference call on Friday to discuss third-quarter results.
HOUSTON U.S. refiner Phillips 66 said its refineries would run in the low 90 percent range of their combined throughput of 1.8 million barrels per day (bpd) during the fourth quarter of this year, the company said during a conference call to discuss third quarter results.
* Shares up slightly in morning trading (Adds details, analysts comments)
* Phillips 66 - have lowered our forecasted 2016 capital expenditures to approximately $3 billion
Oct 28 U.S. refiner Phillips 66 reported a sharp fall in quarterly profit due to lower refining margins, and cut its full-year capital expenditure forecast to about $3 billion.
* Sets quarterly dividend of $0.63 per share Source text for Eikon: Further company coverage:
* Election on Oct. 6, 2016, increases total number of Phillips 66 directors to 10
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