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Phillips 66 (PSX.N)

PSX.N on New York Stock Exchange

91.99USD
16 Feb 2018
Change (% chg)

$-0.78 (-0.84%)
Prev Close
$92.77
Open
$91.83
Day's High
$92.90
Day's Low
$90.95
Volume
687,295
Avg. Vol
603,433
52-wk High
$107.44
52-wk Low
$75.14

Latest Key Developments (Source: Significant Developments)

Phillips 66 Reports FCCU Emissions at Borger, Texas Refinery on Jan. 2
Wednesday, 3 Jan 2018 

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
Wednesday, 13 Dec 2017 

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 

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 

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 reports Q3 earnings per share $1.60
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Phillips 66 :Phillips 66 reports third-quarter earnings of $823 million or $1.60 per share.Q3 earnings per share $1.60.Q3 earnings per share view $1.57 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $1.66.Further reducing 2017 capital guidance​.Midstream's third-quarter earnings were $85 million, compared with $59 million in q2 of 2017​.Capital expenditures and investments for 2017 are expected to be approximately $2 billion​.Chemicals' third-quarter earnings were $121 million, compared with $196 million in q2 of 2017​.Capital expenditures and investments for 2018 are expected to be between $2 billion and $3 billion​.Phillips 66 says ‍refining's third-quarter earnings were $550 million, compared with $224 million in q2 of 2017.Phillips 66 says ‍announced new $3 billion share repurchase program​ in qtr ​.Phillips 66 says the $3 billion share repurchase program was announced earlier in october.  Full Article

Phillips 66 Sweeny, TX, refinery reports process unit upsets due to thunderstorm
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Phillips 66 :Sweeny, Texas, refinery reports feed pumps in unit 25.1 tripped offline during a thunderstorm, in turn affected other process units.Unit 25.1 is a 175,000 barrel per day crude unit as per IIR data available on Thomson Reuters Eikon .Sweeny, Texas, refinery reports affected equipment and units were restarted as soon as possible to minimize flaring.Sweeny, Texas, refinery reports emissions from coker flare, Unit 25.  Full Article

Phillips 66 announces new $3 billion share repurchase program and quarterly dividend
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Phillips 66 :Sets quarterly dividend of $0.70 per share.Phillips 66 - ‍new $3 billion share repurchase program increases total authorization for share repurchases to $12 billion since Q3 of 2012​.  Full Article

Phillips 66 Borger, Texas refinery reports SRU emissions on Feb. 8
Friday, 10 Feb 2017 

Phillips 66 : Phillips 66 Borger, Texas refinery reports a release of SO2 to air at Unit 43 sulfur recovery unit (SRU) stack exceeded 500 lbs on Feb. 8 . Phillips 66 Borger, Texas refinery reports emissions from unit 34 SRU incinerator, unit 34 sulfur unit, unit 43 SCOT unit, unit 43 SCOT unit incinerator, unit 43 sulfur unit Refinery capacity: 146,000 barrels per day Source: Texas Commission on Environmental Quality filing [nEMN1IQA33] The Borger refinery is a joint venture between Phillips 66 and Cenovus Energy Inc (Reporting by Swati Verma in Bengaluru) ((BLRCEEditorial@thomsonreuters.com;)).  Full Article

Phillips 66 announces 2017 capital budget of $2.7 bln
Friday, 9 Dec 2016 

Phillips 66 : Phillips 66 announces 2017 capital program . Plan includes $1.3 billion for midstream growth and $0.9 billion directed toward enhancing refining returns and supporting operating excellence . Phillips 66 plans $905 million of capital expenditures and investments in refining . Company's total 2017 capital program is projected to be $3.8 billion . Co's expected share of dcp midstream's 2017 capital spending is $243 million, anticipated share of wrb's capital expenditures is $135 million . Announces its 2017 capital budget of $2.7 billion . In midstream, Phillips 66 plans to invest $1.5 billion in its natural gas liquids and transportation businesses . In marketing and specialties, company plans to invest $132 million of growth and sustaining capital . Says Phillips 66's proportionate share of capital spending by joint ventures Chevron Phillips Chemical Company LLC, DCP Midstream LLC and WRB Refining LP is expected to be $1.1 billion .In corporate and other, company plans to fund $112 million in projects.  Full Article

Phillips 66 sets quarterly dividend of $0.63 per share
Friday, 7 Oct 2016 

Phillips 66 :Sets quarterly dividend of $0.63 per share.  Full Article

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Berkshire buys Teva, feels IBM blues as Apple becomes top investment

Warren Buffett's Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc, which surpassed Wells Fargo & Co as its largest common stock investment. | Video