PSX News and Press, Phillips 66 From 03/01/21

Phillips 66 ([[PSX]] +2.1%) appointed 30-years industry veteran Mark Lashier, President and CEO of Chevron Phillips Chemical as its president & COO, effective April 1.He assumes his new role at a time when the company is operationally and financially strong yet navigating a...

Phillips 66 (NYSE: PSX) has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company LLC, as its President and Chief Operating Officer effective April 1. “Mark is the right leader at the right time to join Phillips 66,” said Greg Garland, Chairman and...

At the close of trading on Friday, shares of Phillips 66 (NYSE: PSX) , ExxonMobil (NYSE: XOM) , and Chevron (NYSE: CVX) were down 2%, 2.6%, and 2.5%, respectively. That kind of makes sense. According to the latest data on OilPrice.com, WTI crude oil today costs 3...

Captive partnerships suffer from a basically free call option available to the general partner to "take them under" at low valuations. Noble Midstream is the latest casualty, Phillips 66 Partners could be next. Reading the tea leaves of a recent 13-D filing could mean a roll up. S...

Phillips 66 Partners ([[PSXP]] +2.4%) extends yesterday's gains after Phillips 66 ([[PSX]] -2%) said in a filing that it may seek a merger or other transaction including take-private deals for its MLP partner.PSXP is downgraded to Neutral from Buy with a $27 price target, cut from $32, at Miz...

Phillips 66 (NYSE: PSX) and Faradion, one of the U.K.-based companies behind the first demonstration of a sodium-ion powered vehicle, have launched a technical collaboration to develop lower-cost and higher-performing anode materials for sodium-ion batteries. This press release feat...

A new amended 13D filing indicates that Phillips 66 (PSX) may seek to do a transaction with Phillips 66 Partners (PSXP), including a merger, take-private other deal.Developing story: For further details see: Phillips 66 may seek takeover, other transaction with Phillips 66 Partners, fil...

A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Challenger Highlights: Week Of February 21

Crude oil is sliding below $60/barrel, with WTI futures (CL1:COM) (USO) down 1.6%, despite the freeze in Texas disrupting U.S. oil production by up to 2M barrels per day.Crude has rallied 17% from the end of January to the recent high hit on Wednesday.And now oil feels like it’s gotten...

Energy (ex-clean energy) has been the worst sector of the market for so long, many investors have simply written it off. Yet as the polar-vortex descended on Texas, and as the global economy recovers, investors are reminded of the strategic importance of oil and gas. Longer term, ...