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Phillips 66
32 articles mentioning Phillips 66 · Page 1 of 2
Phillips 66 Makes Offer to Buy DCP Midstream for $34.75/Share
Phillips 66 has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held common units of DCP Midstream in an all cash deal. The...
Phillips 66 Appoints Two New Directors to Board
Phillips 66 has appointed Mark E. Lashier and Gregory J. Hayes to serve on the board, effective July 12, 2022. Following the appointments, the board of Phillips 66 will consist of 13 directors, 11 of whom...
Phillips 66 Fourth Quarter, Full Year 2021 Results
Phillips 66 reported fourth-quarter 2021 earnings of $1.3 billion, compared with earnings of $402 million in the third quarter of 2021. Excluding special items of $25 million, the company had adjusted earnings of $1.3 billion in...
Phillips 66 Sets 2022 Budget at $1.9 Billion ($3.0B Including JV Projects)
Phillips 66 announced its 2022 capital program of $1.9 billion. If Phillips 66’s spending for its JV projects is included, the company’s total 2022 capital program is projected to be $3.0 billion. Phillips 66’s proportionate share...
Phillips 66 Third Quarter 2021 Results
Phillips 66 reported its Q3 2021 results. Phillips 66 reported third-quarter 2021 earnings of $402 million, compared with earnings of $296 million in the second quarter of 2021. Excluding special items of $1.0 billion, primarily an...
Phillips 66 Taps Former Chevron Chemical Exec as New COO/President
Phillips 66 has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company LLC, as its President and Chief Operating Officer effective April 1. About Lashier Lashier, who has over 30 years of energy industry...
Phillips 66 Slashes Capital Budget 43% for 2021
Phillips 66 has set its 2021 capital budget of $1.7 billion, which includes $0.3 billion at Phillips 66 Partners. This is a substantial 43% decrease compared to its 2020 capex of $3.0 billion. In Midstream, the...
Phillips 66 to Convert California Refinery To Biofuel Plant
Phillips 66 has become the latest in a string of U.S. refiners to announce plans to convert an oil refinery into a biofuel plant. The company said Wednesday that its 120,000 barrel-a-day Rodeo refinery near San...
Phillips 66 To Cut Capex, Defer Permian Oil Pipeline Project
Phillips 66 said it is taking the following steps In Midstream, the Red Oak Pipeline and Sweeny Frac 4 projects, as well as Phillips 66 Partners’ Liberty Pipeline, will all be deferred. The Red Oak Pipeline...
Phillips 66 Reports Q4 2019 Results
Phillips 66 reported its Q4 2019 results. Highlights: Fourth Quarter Achieved record earnings of $255 million and adjusted EBITDA of $345 million Increased quarterly distribution to $0.875 per common unit Commenced initial operations on the Gray...
Phillips 66 Talk Projects Update; Gray Oak, Bakken, DJ Basin
Phillips provided an update on multiple projects. Project map Source : Phillips 66, Shale Experts Presentation Database Permian Region Phillips 66 Partners is constructing the 900,000 BPD Gray Oak Pipeline, which is anticipated to begin initial...
Phillips 66 Increases Permian Gray Oak Pipeline to 900,000 BPD
During its recent call with analysts, Phillips 66 said that it plans to increase the capacity of the Gray Oak Pipeline, which services the Permian Basin. The pipeline will increase its capacity to 900,000 BPD (up...
Phillips 66 to Focus Capital on DJ Basin, Eagle Ford, Permian Pipeline Projects
Phillips 66 has reported its 2018 preliminary budget. Highlights include: In Midstream, Phillips 66 plans to invest $1.2 billion, including $1.0 billion of growth capital, in its Natural Gas Liquids (NGL) and Transportation businesses. The company...
Trump Fast-Tracks Keystone XL, Dakota Access Pipelines via Executive Order
During his first week in office, President Donald Trump signed executive orders that will advance the approval process for the Keystone XL and Dakota Access pipelines...
Phillips 66 Adds Independent Director to Board
Phillips 66 has elected Denise L. Ramos and Gary K. Adams to serve as independent directors.
Phillips 66 IDs $3.6B 2016 Capex to Fund Midstream Growth
The board of directors of Phillips 66 also approved a $2.0 billion increase to the company’s share repurchase program.
Open Season Commences for Bayou Bridge Pipeline
Bayou Bridge is jointly owned by subsidiaries of Phillips 66, Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P.
Phillip 66 Set $4.6 Billion Budget; Focus On Midstream
Phillips 66 announces its 2015 capital budget of $4.6 billion. These investments are intended to support midstream business growth, including that of the company’s master limited partnership, Phillips 66 Partners LP, as well as ensure ongoing...
Phillips 66, ETP Plan Open Season for St. James Pipeline
The binding open season will commence at 12 p.m. CST on Dec. 1, 2014.
Phillips 66 Ramps Up Capital Budget by $1.2 Billion
The board authorized $3.9 billion of capital expenditures this year, an increase of $1.2 billion to the previously approved budget.