PSX News and Press, Phillips 66 From 01/28/22

Fourth Quarter Reported fourth-quarter earnings of $1.3 billion or $2.88 per share; adjusted earnings of $1.3 billion or $2.94 per share Generated $1.8 billion of operating cash flow; $1.4 billion excluding working capital Approved 2022 capital program of $1.9 bil...

Brisbane, Australia (ABN Newswire) - Phillips 66 (NYSE:PSX) and NOVONIX Limited (ASX:NVX) (FRA:GC3) (OTCMKTS:NVNXF) today announced they have signed a technology development agreement to advance the production and commercialization of next-generation anode materials for lithium-ion batteries....

Collaboration builds on strategic investment and will accelerate the development of next-generation anode materials for the battery supply chain Phillips 66 (NYSE: PSX) and NOVONIX Limited (ASX: NVX, OTC: NVNXF) today announced they have signed a technology development agree...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Last week was rough, but by Friday, sentiment seemed to improve a little. This is a critical month for investors, so a rough start puts us on the back foot. We need to be careful; this week’s performance is even more...

The National oil company of Mexico, Pemex, is exporting ~1mb/d of crude oil, with ~60% flowing to the US and gulf-coast refineries, but the current CEO wants to change that. At a press conference in Mexico City yesterday, CEO Octavio Romero shared plans to cut exports to ~430kb/d in 2022...

DCP Midstream (NYSE:DCP) the gas-focused midstream business majority owned by Phillips 66 (NYSE:PSX) and Enbridge (NYSE:ENB), is upgraded to buy at Mizuho following its 25% pullback over the past two months. The analyst feels that natural gas liquids ("NGL") risks are overblown and the shares...

Company leaders will participate in Goldman Sachs Global Energy and Clean Technology Conference on Jan. 5 Greg Garland, Chairman and CEO of Phillips 66 (NYSE: PSX), and other company leaders will participate in a fireside chat at the Goldman Sachs Global Energy and Clean Tec...

In the White House's scramble to address crude oil and gasoline prices earlier in the month, Energy Secretary Granholm indicated that reinstatement of the crude oil export ban was on the table  A crude export ban would likely be a tailwind for US refiners like Valero (NYSE:VLO) Phillips ...

Phillips 66 (PSX -0.8%) announced its 2022 capital program of $1.9B which includes $992M for sustaining capital and $916M for growth capital; 45% of growth capital supports lower-carbon opportunities. "We are also investing in returns-focused growth opportunities, including pro...

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...