PSX News and Press, Phillips 66 From 08/21/20

After the unwise takeover of Anadarko Petroleum, I penned a piece on Occidental Petroleum ( OXY ) and said it would be quite hard for the company to be successful given the high-level of debt it had to take on to purchase APC, the very high-cost 8% debt it took on from Berkshire Hathaway ( BRK...

U.S. merchant refiners have reported a mixed bag of Q2 earnings in recent weeks as better-than-expected results for many (but not all) of them collided with the ongoing effects of the COVID-19 pandemic on U.S. refined fuels demand. Only the share prices of Calumet Specialty Products Partners ...

Phillips 66 ( PSX ) hinted at the end of July that the cancellation of its proposed 18,000 bpd renewable diesel facility in Washington due to a lack of "permit certainty" did not mean the end of its biofuel expansion plans. When Executive VP Bob Herman said during the Q2 earnings call th...

At one time I held shares of Suncor ( SU ) because - back in the day before fracking - it appeared the US would be very dependent on the Canada oil sands. And to some extent, the US still needs Canadian heavy for refineries with high coking capacity and like to produce diesel. That said, I f...

We all have different dreams of what the perfect retirement looks like. Hot versus cold; fast-paced or taking it easy. No matter how you envision it, we can all agree that having a little extra money can bring those dreams a little bit closer to a reality. One way to do that is by investing in ...

After seeing the S&P 500 from its March lows, investors should book gains from recent winners and redeploy them in stocks that did not participate in the melt-up. This operator, which processes, transports, stores, and markets petroleum products, fits the bill. Phillips 66 ( PSX ) is thi...

Like all O&G producers, ConocoPhillips ( COP ) was hard-hit by the demand destruction due to the onset of the global pandemic. But, as most of you know, for years, management had been preparing for increased volatility in the energy markets. That said, the very sudden and deep drop in oi...

This article is part of a series that provides an ongoing analysis of the changes made to Tweedy Browne’s 13F portfolio on a quarterly basis. It is based on Tweedy Browne’s regulatory 13F Form filed on 08/11/2020. Please visit our Tracking Tweedy Browne Portfolio series to ge...

Phillips 66 ( PSX -0.4% ) said it plans to reconfigure its San Francisco Refinery in Rodeo, Calif., to produce renewable fuels from used cooking oil, fats, greases and soybean oils rather than from crude oil. More news on: Phillips 66, Energy stocks news, Read more ...

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...