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Phillips 66 Expects 2020 Adj. Capital Spending To Be About $2.9 Bln - Conf Call
Phillips 66 Reports Q2 Adjusted Loss Per Share $0.74
Phillips 66 QTRLY Total Revenues And Other Income $11.18 Billion Versus $28.52 Billion
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics. The Refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, such as gasolines, distillates and aviation fuels, primarily in the United States and Europe, as well as includes the manufacturing and marketing of specialty products, and power generation operations.
Oil & Gas Operations
2331 Citywest Blvd
Gregory C. Garland
Chairman of the Board, Chief Executive Officer
Kevin J. Mitchell
Chief Financial Officer, Executive Vice President - Finance
Paula A. Johnson
Executive Vice President - Legal and Government Affairs, General Counsel, Corporate Secretary
Brian M. Mandell
Executive Vice President - Marketing and Commercial
Robert A. Herman
Executive Vice President - Refining
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Millions of barrels of oil refinery capacity might permanently close across the global energy complex after being lost when demand crashed during the coronavirus pandemic, U.S. refiners said on Friday.
U.S. refiner Phillips 66 on Friday reported a quarterly loss, as coronavirus-led restrictions on businesses and travel destroyed fuel demand and hurt margins.
The number of COVID-19 cases among Phillips 66 employees is growing, with 57 active cases, the company told employees in an email seen by Reuters on Friday.
Phillips 66 is repairing a butane deasphalting unit at its said its 258,500 barrel-per-day Bayway refinery in Linden, New Jersey following a power outage that caused a shut down on Thursday, according to a source familiar with the matter.
Ecuador's state-run oil company Petroecuador said on Tuesday it had awarded U.S. refiner Phillips 66 the right to buy 3.6 million barrels of Oriente crude in a spot-market tender launched earlier this week.
* BERKSHIRE HATHAWAY: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2020 AND COMPARED WITH PREVIOUS QUARTER ENDED AS OF DEC. 31, 2019 Source for the quarter ended December 31, 2019: https://bit.ly/3bzLcAX
Warren Buffett's Berkshire Hathaway Inc on Friday reported a significantly reduced stake in Goldman Sachs Group Inc, and that it no longer invests in the insurer Travelers Cos and oil refiner Phillips 66 .
Phillips 66 reported a $2.5 billion first quarter net loss on Friday, after taking $3 billion in writedowns in its refining and transportation businesses as demand for jet fuel and gasoline evaporated.
U.S. refiner Phillips 66 reported a quarterly loss on Friday compared with a year-ago profit, hit by a crash in demand for its refined products amid the ongoing COVID-19 pandemic.
* PHILLIPS 66 SAYS CEO GREG GARLAND'S FY 2019 TOTAL COMPENSATION WAS ABOUT $22.0 MILLION VERSUS $19.3 MILLION IN FY 2018 - SEC FILING
Phillips 66 is delaying three sizeable scheduled shutdowns at its refineries this year, the company said on Tuesday, because of concerns that coronavirus could spread among the refineries' workers if the maintenance goes ahead.
Refiner Phillips 66 <PSX.N> on Tuesday cut its 2020 spending forecast by about 18% and assured investors their dividend was secure even as the coronavirus outbreak and a price war between Saudi Arabia and Russia threaten the oil market with massive oversupply.
Refiner Phillips 66 on Tuesday cut its spending forecast for the year as the coronavirus outbreak and a price war between Saudi Arabia and Russia threaten the oil market with massive oversupply.
Phillips 66 cut production on Tuesday at its 139,000-barrel-per-day (bpd) Los Angeles refinery due to loss of demand because of the coronavirus pandemic, said a source familiar with plant operations.
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 <PSX.N> to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
Phillips 66 plans to continue an overhaul of the gasoline-producing unit at its 253,600-barrel-per-day (bpd) Alliance, Louisiana, refinery through the first week of March, said sources familiar with plant operations.
U.S. oil refiner Phillips 66 has suspended business travel to China due to the coronavirus outbreak, a spokesman for the company said Wednesday.
U.S. refiner Phillips 66 missed analysts' estimates for quarterly profit on Friday, hit by lower margins and higher turnaround activity at its refineries.
U.S. refiner Phillips 66 reported a 70% plunge in quarterly profit on Friday, hit by lower margins and higher turnaround activity.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.