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Phillips 66 Announces New $3 Billion Share Repurchase Program
Phillips 66 Report Emissions at Ponca City Refinery on July 27
Phillips 66 Says Amended And Restated Its $5 Bln Revolving Credit Agreement
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 and Corporate Secretary
Robert A. Herman
Executive Vice President - Refining
Timothy D. Roberts
Executive Vice President - Midstream
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Negotiations between Phillips 66 and the Teamsters Local 877, which represents workers at its 285,000-barrel-per-day Bayway refinery in Linden, New Jersey, have broken down, raising the possibility of a work stoppage at the Northeast's largest operational refinery.
Phillips 66 tentatively chartered a supertanker to ship U.S. crude from the U.S. Gulf Coast to South Korea for a record $14 million this week, sources said Thursday, as tanker rates continued to soar after U.S. sanctions on units of Chinese giant COSCO.
Phillips 66 returned the crude distillation unit (CDU) and vacuum distillation unit (VDU) to production at its 253,600-barrel-per-day (bpd) Alliance, Louisiana, refinery early on Monday, sources familiar with plant operations said.
Union workers at Phillips 66's 285,000-barrel-per-day Bayway refinery in Linden, NJ, voted against a three-year contract on Friday evening, raising the chances of a strike or lockout at the largest petrochemical complex on the U.S. East Coast.
Refinery operations workers at Phillips 66's 285,000 barrel per day Bayway refinery in Linden, NJ, may go on strike if no agreement is reached ahead of their contract expiration on Tuesday.
TC Energy Corp's Marketlink oil pipeline, from Cushing, Oklahoma, to Nederland, Texas, was restarted on Friday after it was shut down last week due to Tropical Storm Imelda, a company spokesman said on Monday.
Operations at Phillips 66's Beaumont oil terminal in Nederland, Texas, remained temporarily shut down on Friday and crews are assessing potential damage from flooding, the company said in a statement.
Phillips 66 restarted the gasoline-producing fluidic catalytic cracking unit (FCCU) at its 253,600-barrel-per-day (bpd) Alliance, Louisiana, refinery following a month-long shutdown, said sources familiar with plant operations.
Phillips 66 is repairing the main gasoline-producing unit of its 253,600 barrel per day (bpd) Alliance, Louisiana, refinery before finishing the restart, Gulf Coast market sources said on Friday.
Phillips 66 plans to run the 11 refineries it operates in the mid-90% range of their combined 2.17 million barrel per day (bpd) capacity in the third quarter, the company said on Friday.
U.S. refiner Phillips 66 beat estimates for quarterly profit on Friday, benefiting from shipping higher volumes of crude through its pipelines.
U.S. refiner Phillips 66 reported a 4.3% rise in quarterly adjusted profit on Friday as strength in its pipeline business more than offset weak refining margins.
Kinder Morgan Inc will go ahead with a South Texas pipeline connection that would transport crude from Phillips 66's 900,000 barrel-per-day (bpd) Gray Oak pipeline in the Permian Basin to delivery points at the Houston Ship Channel, the company said on Wednesday.
U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, the company said on Wednesday, challenging at least eight other projects aiming to send U.S. shale oil to world markets.
U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named.
The Los Angeles County firefighters contained a blaze on Thursday night at Phillips 66's Los Angeles refining complex, KNBC-TV reported.
U.S. refiner Phillips 66 posted a better-than-feared quarterly profit on Tuesday, as higher income from its pipelines and terminals business offset the impact of higher Canadian crude prices on refining.
U.S. refiner Phillips 66 reported a more than 60 percent fall in quarterly adjusted profit on Tuesday, as refining margins more than halved and volumes fell due to maintenance activity and unplanned downtime.
U.S. West Texas Intermediate crude at Midland on Thursday traded at the biggest discount to futures in almost four months after Phillips 66 closed a unit for maintenance at its Texas refinery, adding to a backlog of barrels as production climbs.
Phillips 66 said on Friday it had contained a fire at its Los Angeles refinery and there have been no injuries.
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