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Phillips 66 (PSX.N)

PSX.N on New York Stock Exchange

111.66USD
21 Sep 2018
Change (% chg)

$1.33 (+1.21%)
Prev Close
$110.33
Open
$110.00
Day's High
$111.95
Day's Low
$109.92
Volume
3,324,315
Avg. Vol
669,933
52-wk High
$123.95
52-wk Low
$88.81

Latest Key Developments (Source: Significant Developments)

Phillips 66 Reports Wet Gas Compressor Restarted at Sweeny Refinery
Monday, 3 Sep 2018 11:32pm EDT 

Sept 3 (Reuters) - PHILLIPS 66 ::PHILLIPS 66 REPORTS WET GAS COMPRESSOR IN UNIT 29 WENT DOWN AT SWEENY REFINERY IN OLD OCEAN, TEXAS ON AUG. 31.PHILLIPS 66 REPORTS THE COMPRESSOR WAS IMMEDIATELY RESTARTED.PHILLIPS 66 REPORTS COKER AND DELAYED COKER UNIT EMISSIONS.  Full Article

Phillips 66 Sets Quarterly Dividend Of $0.80 Per Share
Wednesday, 11 Jul 2018 12:51pm EDT 

July 11 (Reuters) - Phillips 66 ::SETS QUARTERLY DIVIDEND OF $0.80 PER SHARE.  Full Article

Phillips 66 To Expand Sweeny Hub With 300,000 BPD Of New Fractionation Capacity
Wednesday, 13 Jun 2018 08:31am EDT 

June 13 (Reuters) - Phillips 66 ::PHILLIPS 66 TO EXPAND SWEENY HUB WITH 300,000 BPD OF NEW FRACTIONATION CAPACITY.PHILLIPS 66 - PROJECT IS EXPECTED TO COST UP TO $1.5 BILLION AND BEGIN COMMERCIAL OPERATIONS IN LATE 2020.PHILLIPS 66 - PROJECT INCLUDES CONSTRUCTION OF TWO 150,000 BARREL-PER-DAY (BPD) NATURAL GAS LIQUIDS (NGL) FRACTIONATORS IN OLD OCEAN, TEXAS.PHILLIPS 66 - SUPPLY AGREEMENTS HAVE BEEN SECURED FOR Y-GRADE NGL FEEDSTOCK, INCLUDING AN AGREEMENT WITH DCP MIDSTREAM LP.PHILLIPS 66 - DCP MIDSTREAM LP HAS OPTION TO ACQUIRE UP TO 30 PERCENT OWNERSHIP INTEREST IN NEW FRACTIONATORS.PHILLIPS 66 - UPON COMPLETION OF EXPANSION, SWEENY HUB WILL HAVE 400,000 BPD OF NGL FRACTIONATION CAPACITY.PHILLIPS 66 - UPON COMPLETION OF EXPANSION, SWEENY HUB WILL HAVE ACCESS TO 15 MILLION BARRELS OF TOTAL STORAGE CAPACITY.  Full Article

Explorer Pipeline Completes Capacity Expansion On Texas Refined Products System
Tuesday, 5 Jun 2018 12:41pm EDT 

June 5 (Reuters) - Explorer Pipeline : :EXPLORER PIPELINE COMPLETES CAPACITY EXPANSION ON TEXAS REFINED PRODUCTS SYSTEM.EXPLORER PIPELINE SAYS ADDED MINIMUM OF 10,000 BARRELS/DAY OF ADDITIONAL CAPACITY TO THE SYSTEM, WHICH IS AVAILABLE TO EXISTING, WALK-UP SHIPPERS.  Full Article

Phillips 66 Says Needs New Pipeline Capacity Serving The Permian Basin
Friday, 27 Apr 2018 01:16pm EDT 

April 27 (Reuters) - Phillips 66 ::SAYS NEEDS NEW PIPELINE CAPACITY SERVING THE PERMIAN BASIN - CONF CALL.  Full Article

Phillips 66 QTRLY Total Revenues And Other Income $24,046 Million Versus $23,712 Million
Friday, 27 Apr 2018 07:24am EDT 

April 27 (Reuters) - Phillips 66 ::PHILLIPS 66 QTRLY TOTAL REVENUES AND OTHER INCOME $24,046 MILLION VERSUS $23,712 MILLION.  Full Article

Phillips 66 Reports Q1 Earnings $1.07 Per Share
Friday, 27 Apr 2018 07:00am EDT 

April 27 (Reuters) - Phillips 66 ::REPORTS FIRST-QUARTER EARNINGS OF $524 MILLION OR $1.07 PER SHARE.Q1 EARNINGS PER SHARE $1.07.Q1 EARNINGS PER SHARE VIEW $0.89 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED EARNINGS PER SHARE $1.04.MIDSTREAM FIRST-QUARTER NET INCOME WAS $233 MILLION, COMPARED WITH $139 MILLION IN Q4 OF 2017.CHEMICALS' FIRST-QUARTER NET INCOME WAS $232 MILLION, COMPARED WITH $27 MILLION IN Q4 OF 2017.EARNINGS REFLECT BENEFIT OF DIVERSIFIED PORTFOLIO, AND ARE ALSO SEEING POSITIVE, ONGOING IMPACTS FROM U.S. TAX REFORM.REFINING FIRST-QUARTER NET INCOME WAS $91 MILLION, COMPARED WITH $371 MILLION IN Q4 OF 2017.REFINING ADJUSTED NET INCOME WAS $89 MILLION IN Q1 OF 2018, COMPARED WITH $358 MILLION IN Q4 OF 2017.CPCHEM HAS FULLY RECOVERED FROM HURRICANE HARVEY AND CONTRIBUTED STRONG RESULTS IN QUARTER.  Full Article

Phillips 66 Says Entered Terms Agreement Relating To Public Offering
Thursday, 1 Mar 2018 05:00pm EST 

March 1 (Reuters) - Phillips 66 ::PHILLIPS 66 SAYS ‍​ON FEB 26, ENTERED TERMS AGREEMENT AMONG CO, CO'S UNIT PHILLIPS 66 COMPANY, UNDERWRITERS - SEC FILING.PHILLIPS 66 - AGREEMENT RELATES TO PUBLIC OFFERING OF $500 MILLION OF ITS FLOATING RATE SENIOR NOTES DUE 2021, $800 MILLION OF ITS 3.900% SENIOR NOTES DUE 2028.PHILLIPS 66 - AGREEMENT ALSO RELATES TO PUBLIC OFFERING OF $200 MILLION OF ITS 4.875% SENIOR NOTES DUE 2044.PHILLIPS 66 - 2044 NOTES ARE AN ADDITIONAL ISSUANCE OF PHILLIPS 66’S 4.875% SENIOR NOTES DUE 2044 ISSUED UNDER EARLIER INDENTURE.  Full Article

Phillips 66 And Berkshire Hathaway Announce Share Repurchase Agreement
Tuesday, 13 Feb 2018 06:27pm EST 

Feb 13 (Reuters) - Phillips 66 ::AND BERKSHIRE HATHAWAY ANNOUNCE SHARE REPURCHASE AGREEMENT.SAYS IT HAS AGREED TO REPURCHASE 35 MILLION SHARES OF PHILLIPS 66 COMMON STOCK FROM A WHOLLY-OWNED SUBSIDIARY OF BERKSHIRE HATHAWAY INC..THE $3.3 BILLION REPURCHASE IS EXPECTED TO CLOSE ON FEB. 14, 2018.‍TRANSACTION IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE AND POSITIVE FOR VALUATION​.AFTER TRANSACTION, CO WILL HAVE 466.5 MILLION SHARES OUTSTANDING OF WHICH BERKSHIRE WILL HAVE AN EQUITY OWNERSHIP INTEREST IN 45.7 MILLION SHARES​.AGREED TO REPURCHASE 35 MILLION SHARES OF PHILLIPS 66 COMMON STOCK FROM UNIT OF BERKSHIRE HATHAWAY INC FOR $93.725 PER SHARE.‍WARREN BUFFETT SAYS "WE REMAIN ONE OF PHILLIPS 66'S LARGEST SHAREHOLDERS AND PLAN TO CONTINUE TO HOLD STOCK FOR LONG TERM"​.BUFFETT SAYS TRANSACTION SOLELY MOTIVATED BY "OUR DESIRE TO ELIMINATE REGULATORY REQUIREMENTS" THAT COME WITH OWNERSHIP LEVELS ABOVE 10 PERCENT​.  Full Article

Phillips 66 Sets Quarterly Dividend Of $0.70 Per Share
Wednesday, 7 Feb 2018 12:33pm EST 

Feb 7 (Reuters) - Phillips 66 ::SETS QUARTERLY DIVIDEND OF $0.70 PER SHARE.  Full Article

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Phillips 66 'maxed out' on Canadian heavy crude oil: CEO

HOUSTON Phillips 66 is running all the heavy Canadian crude oil the independent refiner can handle at its U.S. refineries and will not seek additional supply from a new pipeline, Chief Executive Greg Garland said on Friday.