Phillips 66 Reports Fourth-Quarter Results and Announces Next Phase of Strategic Initiatives
Phillips 66 (
NYSEPSX), a leading integrated downstream energy provider, announced fourth-quarter earnings.
Phillips 66 to grow Permian midstream business with EPIC NGL acquisition
Phillips 66 (
NYSEPSX) announced today that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems (“EPIC NGL”) for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. Upon closing, this transaction is expected to be immediately accretive to earnings per share.
Phillips 66 to speak at Goldman Sachs Energy, CleanTech & Utilities Conference
Mark Lashier, chairman and CEO of Phillips 66 (
NYSEPSX), Kevin Mitchell, executive vice president and CFO, Don Baldridge, executive vice president of Midstream and Chemicals, and Jeff Dietert, vice president of Investor Relations, will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference at 10:20 a.m. ET on Tuesday, Jan. 7, 2025.
Phillips 66 to announce fourth-quarter and full-year financial results
Phillips 66 (
NYSEPSX) executive management 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, which will be released earlier that day.
Phillips 66 announces agreement to sell interest in Gulf Coast Express
Phillips 66 (
NYSEPSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments.
Phillips 66 announces 2025 capital program
Phillips 66 (
NYSEPSX) today announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility
Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW) solar facility.
Strong Portfolio and Strategic Priorities Support Phillips 66 Third-Quarter Results
Phillips 66 (
NYSEPSX), a leading integrated downstream energy provider, announced third-quarter earnings.
Phillips 66 provides notice of its plan to cease operations at Los Angeles-area refinery
Phillips 66 (
NYSEPSX) announced plans to cease operations at its Los Angeles-area refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet ongoing consumer demand.
Phillips 66 announces agreement to sell interest in Switzerland-based joint venture
Phillips 66 (
NYSEPSX) announced today that its subsidiary, Phillips 66 Limited, has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG (“CMA”) to its Swiss joint venture partner. It will receive cash of 1.06 billion Swiss francs (approximately $1.24 billion) consisting of a 1 billion Swiss franc sales price (approximately $1.17 billion) and an assumed dividend of 60 million Swiss francs (approximately $70 million) for financial year 2024 to be paid at or prior to closing. The sales price is subject to adjustment based on the amount of the dividend.
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (
NYSEPSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on Dec. 2, 2024, to shareholders of record as of the close of business on Nov. 18, 2024.
Phillips 66 Appoints Grace Puma Whiteford to Board of Directors
The board of directors of Phillips 66 (
NYSEPSX) has appointed Grace Puma Whiteford to serve on the company’s board, effective Oct. 10. She will serve on the Human Resources and Compensation Committee and the Public Policy and Sustainability Committee of the board.
Phillips 66 to Announce Third-Quarter Financial Results
Phillips 66 (
NYSEPSX) executive management will host a webcast at noon ET on Tuesday, Oct. 29, 2024, to discuss the company’s third-quarter 2024 financial results, which will be released earlier that day.
Leading Oil Refiner's Stock Climbs Despite Market VolatilityOil refiner and renewable fuels producer Valero Energy Co. (
NYSEVLO) plays an essential role in the transportation industry.
Strategy Execution and Strong Operations Drive Phillips 66 Second-Quarter Results
Phillips 66 (
NYSEPSX), a leading diversified and integrated downstream energy provider, announced second-quarter earnings.
Phillips 66 Announces Quarterly Dividend
The board of directors of Phillips 66 (
NYSEPSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on Sept. 3, 2024, to shareholders of record as of the close of business on Aug. 20, 2024.
Phillips 66 Achieves Full Production Rates of Renewable Fuel
Phillips 66 (
NYSEPSX) today announced the full conversion of the Rodeo Renewable Energy Complex, expanding commercial-scale production and positioning the company as a leader in renewable fuels.
Phillips 66 releases 2024 Sustainability and People Report
Phillips 66 (
NYSEPSX) released its 2024 Sustainability and People Report today, demonstrating the company’s approach to helping supply the world’s growing energy needs while advancing projects to reduce emissions and foster growth.
Phillips 66 Announces Sale of 25% Equity Interest in Rockies Express Pipeline to Tallgrass Energy Subsidiary
Phillips 66 (
NYSEPSX) announced today it has agreed to sell its 25% non-operated common equity interest in Rockies Express Pipeline LLC (REX) to a subsidiary of Tallgrass Energy, LP (TGE) for an enterprise value of approximately $1.275 billion. TGE is the operator of REX and will own 100% of the common equity interest in REX following the transaction. This transaction generates pre-tax cash proceeds of $685 million to Phillips 66 after adjustments for Phillips 66’s allocation of REX’s debt and preferred equity balances.
Phillips 66 Announces Open Season on the Blue Line System
Phillips 66 (
NYSEPSX) announces its subsidiary, Phillips 66 Pipeline, LLC, is launching a binding open season to solicit shipper commitments for services from Wichita, Kansas, to Jefferson City, Missouri, and East St. Louis, Illinois, on its Blue Line System.
Phillips 66 to Speak at the J.P. Morgan 2024 Energy, Power & Renewables Conference
Mark Lashier, chairman and CEO of Phillips 66 (
NYSEPSX), will participate in a fireside chat at the J.P. Morgan 2024 Energy, Power & Renewables Conference at 10:55 a.m. ET on Tuesday, June 18, 2024.
Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital
Phillips 66 (
NYSEPSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand its natural gas gathering and processing footprint in the Midland Basin.
Phillips 66 to Host Annual Meeting of Shareholders
Phillips 66 (
NYSEPSX) will host its 2024 Annual Meeting of Shareholders on Wednesday, May 15 at 9 a.m. CT in a virtual-only format via audio webcast.
Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress
Phillips 66 (
NYSEPSX), a leading diversified and integrated downstream energy company, announced first-quarter earnings of $748 million, compared with earnings of $1.3 billion in the fourth quarter. Excluding special items of $74 million, the company had adjusted earnings of $822 million in the first quarter, compared with fourth-quarter adjusted earnings of $1.4 billion.
Phillips 66 Announces Increase in Quarterly Dividend
The board of directors of Phillips 66 (
NYSEPSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase. The dividend is payable on June 3, 2024, to shareholders of record as of the close of business on May 20, 2024.
