Phillips 66 Stock News

The near term outlook for refining is poor. However, it appears that the market is approaching a bottom as several refineries close globally. Each of these closures should improve profitability at neighboring PSX facilities, as well as improving the refining market on a macro level. At the bottom of this current cycle, PSX is expected to divest $2 billion worth of assets that what I find to be ...

HOUSTON--(BUSINESS WIRE)--Phillips 66 to speak at Goldman Sachs Energy, CleanTech & Utilities Conference.

HOUSTON--(BUSINESS WIRE)--Phillips 66 will host a webcast at noon ET on Friday, Jan. 31, 2025, to discuss the company's fourth-quarter and full-year 2024 financial results.

Phillips 66 (PSX -5.24%) has done a magnificent job returning value to shareholders since its spinoff from ConocoPhillips in 2012. The integrated downstream energy company has returned an impressive $43 billion in cash to its shareholders over the past dozen years.

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC for pre-tax total cash proceeds of $865 million.

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.

Phillips 66 will power its refinery in Rodeo, California with a new solar facility owned and operated by electrical utility NextEra Energy , the refiner said on Tuesday.

HOUSTON--(BUSINESS WIRE)--Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66's Rodeo Renewable Energy Complex.