Phillips 66 Stock News

U.S. oil refiner Phillips 66 expects to book about $100 million of charges to idle its 139,000-barrel-per-day Los Angeles-area refinery, which will cease operations by year-end, the company said on Wednesday.

HOUSTON--(BUSINESS WIRE)--Phillips 66 provided an update on its progress toward idling operations at its Los Angeles refinery.

Phillips 66 is transforming its refining business through cost reductions and strategic portfolio shifts, aiming to become a low-cost industry leader. PSX is closing its high-cost LA refinery and acquiring full ownership of the Wood River and Borger refineries, both with industry-leading cost structures. These moves are expected to reduce PSX's average operating cost per barrel to $4.75-$5.00, ...

HOUSTON--(BUSINESS WIRE)--Phillips 66 executive management will host a webcast to discuss the company's third-quarter 2025 financial results.

Over 60,000 students have benefited from the math program built on how the brain naturally learns IRVINE, Calif. , Sept. 16, 2025 /PRNewswire/ -- A new analysis shows that students using ST Math at Phillips 66-funded schools are achieving more than twice the annual growth in math performance compared to their peers.

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced that Sean Maher has been appointed vice president of investor relations and chief economist, effective Oct. 1.

Cenovus Energy Inc (TSX:CVE) announced on Tuesday an agreement to sell its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66.  Cenovus will receive US$1.4 billion in cash, or about C$1.9 billion.

U.S. refiner Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4 billion, giving it full ownership of two major U.S. refineries.