Phillips 66's decision to shut down its Los Angeles refinery in 2025 was not a hasty response to any policy changes in California but rather due to its expectation that refining business in the state ...

Phillips 66, the biggest US fuelmaker by market value, told investors Tuesday it expects to surpass its $3 billion target for asset sales with more dispositions planned. The Houston refiner ...

Phillips 66 (PSX – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Roger Read from Wells Fargo maintained a Buy rating on the stock and has a $ ...

This year, however, weaker demand for fuels and slumping refining margins have been weighing on refiners and the integrated oil and gas majors. Phillips 66 said that the adjusted refining pre-tax ...

Adjusted earnings per share of $2.04 missed Wall Street's estimate of $2.31. The refining segment posted a loss as the crack spread tightened. In the quarter, Phillips 66 closed its acquisition of ...

(RTTNews) - Phillips 66 (PSX), an integrated downstream energy provider, Tuesday reported profit of $346 million or $0.82 per share for the third quarter, significantly lower than $2.097 billion ...

DekaBank Deutsche Girozentrale raised its stake in shares of Phillips 66 (NYSE:PSX – Free Report) by 1.6% during the third quarter, HoldingsChannel reports. The firm owned 199,461 shares of the oil ...

The Phillips 66-owned Santa Maria Refinery sits on the Nipomo Mesa in San Luis Obispo County. Courtesy of San Luis Obispo County Built in 1955, the refinery processed high-sulfur crude oil until ...

Last week, a California jury found Phillips 66 liable for misappropriating trade secrets from Propel Fuels Inc., a low-carbon renewable fuels retailer, and awarded Propel $605 million in damages.

Phillips 66 (PSX) ended the recent trading session at ... and the technology-centric Nasdaq increased by 0.76%. Shares of the oil refiner have depreciated by 0.56% over the course of the past ...

In case refining margins (which are a function of stronger demand for crude oil) turn around, Phillips 66 has a catalyst for a higher stock price as well. The ultimate reason to buy Phillips 66 ...

Phillips 66’s decision to close its Los Angeles area refinery has touched off a wave of speculation over what will become of the 650 acres in Wilmington and Carson, an industrial backbone near ...