PSX News and Press, Phillips 66 From 08/12/20

Conversion is expected to reduce the plant’s greenhouse gas emissions by 50% Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announced today that it plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fue...

When the price of crude oil takes a beating, it's natural for investors in oil & gas majors like Exxon Mobil ( XOM ), Chevron ( CVX ), and Royal Dutch Shell ( RDS.A , RDS.B ) to worry about the damages to this commodity business - and especially in the case with Exxon, the health of the d...

Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here . However, since this list is only produced once per month, the data in it can quickly get out of date. Fu...

The  S&P 500 Index  (SNPINDEX: ^GSPC) closed on Friday relatively flat, up less than one-tenth of one percent. But while the index as a whole finished close to even to end the week, the vast majority of stocks in the index finished higher. The outsize influence of Apple Inc&#x...

Cenovus ( CVE ) took all the proper steps to right the ship after purchasing the vast majority of ConocoPhillips ( COP ) oil sands operations in March of 2017. For the $13.3 billion price tag , Cenovus took over assets that had production of ~280,000 boe/d, most of it low-margin oil sands pro...

More than 10,000 strikes to Colorado underground utilities in 2019, according to Colorado811.org Phillips 66 hopes that the 8/11 date on the calendar will serve as a reminder to call 811 to have underground utility lines marked prior to any digging project. The company operates 625 mil...

Shares of Phillips 66 ( PSX ) have struggled to recoup much of their March losses with shares down nearly 40% from a year ago. As a refiner, the company is not directly tied to the price of crude oil, but weak demand for fuel (a driving force of the drop in crude) does impact the business via ...

U.S. merchant refiner Phillips 66 ( PSX ) reported incredibly poor Q2 earnings last week that reflected the full impacts of the COVID-19 pandemic and its related lockdown orders during the quarter. Non-GAAP EPS plunged from $3.02 in Q2 2019 to -$0.74 in the latest quarter, as revenue fel...

2020 was supposed to be a great year for Phillips 66 ( PSX ). With large coking capacity, PSX was in a great position to profit from the new IMO-2020 regulations to significant reduce maritime emissions. Indeed, as I reported in November of last year, diesel crack margins futures for 2020 ...

Government shutdowns to help slow the spread of COVID-19 caused demand for refined petroleum products to fall off a cliff during the second quarter. Because of that, refiners like  Phillips 66   (NYSE: PSX) had to reduce production to avoid filling the country's dwindling storage...