PSX News and Press, Phillips 66 From 12/10/21

Disciplined Capital Allocation; Focus on Lower-Carbon Opportunities Phillips 66 (NYSE: PSX) today announced its 2022 capital program of $1.9 billion. The plan includes $992 million for sustaining capital and $916 million for growth capital. Approximately 45% of growth capita...

According to Bloomberg sources, Pemex is planning to up domestic refinery runs by 200-300kb/d in 2022 Having stabilized upstream volumes, with production increasing in 2020 for the first time since at least 2004, Pemex may be turning its focus to the downstream business The Company had planne...

JPMorgan analyst Gresh appears to be biding time with his refinery ratings, as he is now overweight the three largest, most diverse refiners ((NYSE:VLO), (NYSE:MPC), (NYSE:PSX)) and underweight the smallest, pure-play refiners ((NYSE:CVI), (NYSE:DK), (NYSE:PBF)) With the sector trading below ...

I screened the holdings of the Vanguard Value ETF for stocks whose P/E ratios, prices relative to 1 Year Targets, EPS growth rates, and dividend growth Rates make them appealing. Only 23 of the ETF's 347 holdings passed these screens. Many of those that did were strongly cyclical or a...

Congress now has antitrust worries and racial representation concerns with AT&T's WarnerMedia deal with Discovery. Further, while many investors believe that spinoffs have a net positive impact on stock prices, the longer-term research is mixed. Several examples of spinoffs ar...

Phillips 66 (NYSE:PSX) and British Airways sign a sustainable aviation fuel supply deal that will make British Airways the first airline in the world to use sustainable aviation fuel produced in the U.K. Phillips 66 says it will produce the SAF at its Humber refinery in the U.K., and wil...

British Airways and Phillips 66 Limited have signed a multi-year sustainable aviation fuel (“SAF”) supply agreement Sustainable aviation fuel produced at the Phillips 66 Humber Refinery in North Lincolnshire will help power a number of the airline’s flights fr...

A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion And Contender Highlights: We...

WTI and Brent crude oil benchmarks both plunge more than 10% as a newly discovered coronavirus strain sparks fears over the global economic recovery and the potential effects on travel and oil demand. U.S. crude for January delivery (CL1:COM) -11.5% to $69.32/bbl for its biggest drop sin...

The  recently announced Strategic Petroleum Reserve ("SPR") release shows the White House doubling down on its view that oil prices will fall in 2022 32m of the 50m barrel release will come as an "exchange" of barrels, whereby participants will receive barrels today in exchange for an ob...