Edition:
United States

Phillips 66 (PSX.N)

PSX.N on New York Stock Exchange

95.30USD
18 Jan 2019
Change (% chg)

$1.88 (+2.01%)
Prev Close
$93.42
Open
$94.38
Day's High
$95.73
Day's Low
$92.90
Volume
1,445,068
Avg. Vol
796,861
52-wk High
$123.95
52-wk Low
$78.45

Latest Key Developments (Source: Significant Developments)

Phillips 66 Says 2019 Capital Budget, Excluding Phillips 66 Partners, Is $2.3 Bln
Friday, 14 Dec 2018 02:32pm EST 

Dec 14 (Reuters) - Phillips 66 ::PHILLIPS 66 ANNOUNCES 2019 CAPITAL PROGRAM.PHILLIPS 66 - PHILLIPS 66 2019 CAPITAL BUDGET, EXCLUDING PHILLIPS 66 PARTNERS, IS $2.3 BILLION.PHILLIPS 66 - IN MIDSTREAM SEGMENT, 2019 ADJUSTED CAPITAL BUDGET IS $1.6 BILLION, INCLUDING $1.4 BILLION OF ADJUSTED GROWTH CAPITAL.PHILLIPS 66 - PHILLIPS 66 PARTNERS CAPITAL BUDGET NET OF $303 MILLION EXPECTED CASH CAPITAL CONTRIBUTIONS FROM NONCONTROLLING INTERESTS IS $601 MILLION.PHILLIPS 66 - "CONTINUE TO HAVE A LONG-TERM OBJECTIVE TO REINVEST 60 PERCENT OF OUR CASH FLOW INTO THE BUSINESS".PHILLIPS 66 - PROPORTIONATE SHARE OF CAPITAL SPENDING BY JV'S CPCHEM, DCP MIDSTREAM, WRB IS EXPECTED TO BE $1.2 BILLION.PHILLIPS 66 - COMPANY'S TOTAL 2019 ADJUSTED CAPITAL PROGRAM IS PROJECTED TO BE $4.1 BILLION.PHILLIPS 66 - PLANS $923 MILLION OF CAPITAL SPENDING IN REFINING, WITH $512 MILLION FOR RELIABILITY, SAFETY AND ENVIRONMENTAL PROJECTS.PHILLIPS 66 - "CONTINUE TO HAVE A LONG-TERM OBJECTIVE TO RETURN 40 PERCENT TO OUR SHAREHOLDERS THROUGH DIVIDENDS AND BUYBACKS".PHILLIPS 66 - CPCHEM IS ALSO PURSUING PETROCHEMICALS EXPANSION OPPORTUNITIES ON U.S. GULF COAST.  Full Article

Phillips 66 Chairman & CEO Greg Garland Stated That He Expects Co's 2019 Consolidated Capital Budget To Be Between $2 Bln & $2.5 Bln
Friday, 26 Oct 2018 04:12pm EDT 

Oct 26 (Reuters) - Phillips 66 ::PHILLIPS 66 - CHAIRMAN & CEO GREG GARLAND STATED THAT HE EXPECTS CO'S 2019 CONSOLIDATED CAPITAL BUDGET TO BE BETWEEN $2 BILLION & $2.5 BILLION - SEC FILING.  Full Article

Phillips 66 Sets Quarterly Dividend Of $0.80/Shr
Friday, 5 Oct 2018 10:51am EDT 

Oct 5 (Reuters) - Phillips 66 ::SETS QUARTERLY DIVIDEND OF $0.80 PER SHARE.  Full Article

Phillips 66 Increases Quarterly Dividend By 14 Pct To $0.80 Per Share
Wednesday, 9 May 2018 12:51pm EDT 

May 9 (Reuters) - Phillips 66 ::ANNOUNCES INCREASE IN QUARTERLY DIVIDEND.INCREASES QUARTERLY DIVIDEND BY 14 PERCENT TO $0.80 PER SHARE.  Full Article

Phillips 66 Says Fuels Production At Borger, Texas Refinery Cut Due to Work
Monday, 23 Apr 2018 08:58am EDT 

April 23 (Reuters) - PHILLIPS 66 ::PHILLIPS 66 SAYS DUE TO MAINTENANCE AT BORGER, TEXAS REFINERY, FUELS PRODUCTION FROM REFINERY IS CURRENTLY LESS THAN DURING ORDINARY OPERATIONS.PHILLIPS 66 SAYS WORKING TO PROVIDE GASOLINE AND DIESEL FUEL IN AMARILLO, LUBBOCK AND ALBUQUERQUE AREAS.  Full Article

Phillips 66 Reports Emissions at Sweeny, Texas Refinery
Friday, 23 Feb 2018 03:48pm EST 

Feb 23 (Reuters) - Phillips 66 ::SWEENY, TEXAS REFINERY REPORTS OPACITY COMS AT UNIT 27 FLUID CATALYTIC CRACKING UNIT (FCC) REGENERATOR EXHAUST STACK IS RECORDING OPACITY.SWEENY, TEXAS REFINERY REPORTS EMISSIONS FROM 27.1 REGEN FLUE GAS STACK.SWEENY, TEXAS REFINERY REPORTS OPERATIONAL CHANGES TO REDUCE OPACITY TAKEN.  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

Photo

Midland crude for fourth-quarter delivery nears strongest in months: traders

HOUSTON Midland crude for delivery in the fourth quarter is trading at the smallest discount in months in anticipation of the opening of pipelines transporting more than 2 million barrels per day from the Permian basin, the biggest U.S. oil field, traders said.