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Phillips 66 (PSX.N)

PSX.N on New York Stock Exchange

111.45USD
23 Apr 2018
Change (% chg)

$0.46 (+0.41%)
Prev Close
$110.99
Open
$110.98
Day's High
$111.46
Day's Low
$109.80
Volume
504,025
Avg. Vol
632,545
52-wk High
$111.46
52-wk Low
$75.85

Latest Key Developments (Source: Significant Developments)

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

Phillips 66 Expects Completion of New Unit at Lake Charles Refinery in 2019
Friday, 2 Feb 2018 07:47am EST 

Feb 2 (Reuters) - PHILLIPS 66 :SAYS FINAL APPROVAL HAS BEEN RECEIVED FOR CONSTRUCTION OF NEW 25,000 BARRELS PER DAY ISOMERIZATION UNIT AT LAKE CHARLES, LOUISIANA REFINERY.SAYS THE $200 MILLION PROJECT AT LAKE CHARLES REFINERY EXPECTED TO BE COMPLETED BY THE END OF 2019.SAYS EXPANSION OF SAND HILLS PIPELINE TO 450,000 BPD EXPECTED TO BE COMPLETED IN THE SECOND HALF OF 2018.SAYS THE SACAGAWEA PIPELINE PROJECT IS ANTICIPATED TO BE COMPLETED IN THE SECOND HALF OF 2018.  Full Article

Phillips 66 Reports Qtrly Total Revenue And Other Income of $30,123 Mln Vs $23,668 Mln
Friday, 2 Feb 2018 07:07am EST 

Feb 2 (Reuters) - Phillips 66 ::PHILLIPS 66 - QTRLY TOTAL REVENUE AND OTHER INCOME $30,123 MILLION VERSUS $23,668 MILLION.  Full Article

Phillips 66 Q4 Earnings Per Share $6.25
Friday, 2 Feb 2018 07:00am EST 

Feb 2 (Reuters) - Phillips 66 ::REPORTS FOURTH-QUARTER EARNINGS OF $3.2 BILLION OR $6.25 PER SHARE.Q4 EARNINGS PER SHARE $6.25.Q4 ADJUSTED EARNINGS PER SHARE $1.07.MIDSTREAM'S FOURTH-QUARTER NET INCOME WAS $139 MILLION, COMPARED WITH $117 MILLION IN THE THIRD QUARTER OF 2017.REFINING'S FOURTH-QUARTER NET INCOME WAS $371 MILLION, COMPARED WITH $550 MILLION IN Q3 OF 2017.REFINING'S ADJUSTED NET INCOME WAS $358 MILLION IN Q4 OF 2017, COMPARED WITH $548 MILLION IN Q3.CHEMICALS' FOURTH-QUARTER NET INCOME WAS $27 MILLION, COMPARED WITH $121 MILLION IN THE THIRD QUARTER OF 2017."OUR STRATEGY FOR LONG-TERM VALUE CREATION REMAINS UNCHANGED".IN MIDSTREAM, AN ADDITIONAL 3.5 MILLION BARRELS OF CRUDE STORAGE IS EXPECTED TO BE IN SERVICE BY THE END OF 2018.DCP MIDSTREAM’S EXPANSION OF THE SAND HILLS NGL PIPELINE CAPACITY FROM 280,000 BPD TO 365,000 BPD EXPECTED TO BE COMPLETE IN Q1 2018.Q4 EARNINGS PER SHARE VIEW $0.86 -- THOMSON REUTERS I/B/E/S.CORPORATE AND OTHER FOURTH-QUARTER NET INCOME INCLUDED A $2.7 BILLION BENEFIT FROM U.S. TAX REFORM.  Full Article

Phillips 66 Reports FCCU Emissions at Borger, Texas Refinery on Jan. 2
Wednesday, 3 Jan 2018 09:10am EST 

Jan 3 (Reuters) - Phillips 66 ::PHILLIPS 66 JV BORGER, TEXAS REFINERY REPORTS EMISSIONS FROM UNIT 40 FCCU, UNIT 40 FCCU STACK, UNIT 40 AIR BLOWER ON JAN. 2.PHILLIPS 66 JV BORGER, TEXAS REFINERY REPORTS EQUIPMENT WAS RESTARTED.  Full Article

Phillips 66 Says Co's President Tim Taylor Will Retire
Tuesday, 12 Dec 2017 03:29pm EST 

Dec 12 (Reuters) - Phillips 66 ::PHILLIPS 66 SAYS CO'S PRESIDENT TIM TAYLOR WILL RETIRE AT THE END OF THIS YEAR.  Full Article

Phillips 66, Enbridge Announce Open Season For West Texas Crude Oil Pipeline System
Monday, 11 Dec 2017 09:00am EST 

Dec 11 (Reuters) - Phillips 66 ::PHILLIPS 66 AND ENBRIDGE ANNOUNCE OPEN SEASON FOR WEST TEXAS CRUDE OIL PIPELINE SYSTEM.PHILLIPS 66 - GRAY OAK PIPELINE IS EXPECTED TO HAVE AN INITIAL THROUGHPUT CAPACITY OF 385,000 BPD.PHILLIPS 66 - GRAY OAK PIPELINE SYSTEM IS ANTICIPATED TO BE PLACED IN SERVICE IN SECOND HALF OF 2019.PHILLIPS 66 - PHILLIPS 66 AND ENBRIDGE WILL EVALUATE EXPANSION OF GRAY OAK PIPELINE SYSTEM BEYOND 385,000 BPD.  Full Article

Phillips 66 Announces 2018 Capital Budget Of $2.3 Bln
Friday, 8 Dec 2017 11:57am EST 

Dec 8 (Reuters) - Phillips 66 ::PHILLIPS 66 ANNOUNCES 2018 CAPITAL PROGRAM.2018 CAPITAL BUDGET OF $2.3 BILLION, WHICH INCLUDES $1.4 BILLION OF GROWTH CAPITAL AND $0.9 BILLION OF SUSTAINING CAPITAL.SAYS LONG-TERM, CONTINUES TO TARGET RE-INVESTING 60 PERCENT OF ITS CASH FLOW BACK INTO BUSINESS & RETURNING 40 PERCENT TO ITS SHAREHOLDERS.  Full Article

Phillips 66 restarting JV Borger, Texas refinery gasoline units -sources

HOUSTON Phillips 66 was restarting the gasoline-producing units at its 146,000-barrel-per-day (bpd) Borger, Texas, refinery on Monday, said sources familiar with plant operations.