Phillips 66 Company News

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Phillips 66 Names New President
Tuesday, March 02, 2021CPChem President and CEO Mark Lashier will become president and chief operating officer of Phillips 66.

Motiva Plans Uber-like Digital Ordering for Wholesalers
Friday, January 22, 2021The Port Arthur Manufacturing Complex is North America's largest refinery. PHOTO SOURCE: Motiva

BP Chemicals Deal Expands Reach of Ineos
Sunday, January 10, 2021Here is a look back at some of Rigzone's most viewed downstream-related articles from the past week.

Texas Deepwater Oil Terminal Achieves VLCC Milestone
Thursday, December 31, 2020The above photo shows the first VLCC to load at the STG Terminal in Ingleside, Texas. PHOTO SOURCE: Buckeye Partners, L.P.

Phillips 66 Quadruples Capacity at Texas NGL Hub
Tuesday, November 24, 2020Phillips 66's Sweeny Hub, above, now boasts 400,000 bpd of NGL fractionation capacity. PHOTO SOURCE: BusinessWire

Shell Refinery Closure Reflects Industry Trend
Sunday, November 15, 2020Check out this look back at some of the most viewed downstream-related articles on Rigzone from the past week.

PBF to Lay Off 250 at East Coast Refinery
Thursday, October 29, 2020The company will idle operations at the refinery for the foreseeable future.

Siemens Alum Joins Phillips 66 Board
Monday, October 12, 2020The board of Phillips 66 has named Lisa A. Davis an independent director of the company.

Sally Prompts GOM Platform Evacuations
Monday, September 14, 2020Hurricane Sally will begin hammering the US Gulf Coast with flooding rains late Monday,

Phillips 66 Partners Sets Open Season for Texas Pipeline
Monday, August 31, 2020Gray Oak Pipeline, LLC is launching an open season for crude oil transportation commitments.

About 30% of Gulf Coast Refining Capacity Going Offline
Tuesday, August 25, 2020Oil and chemical plants along the Texas and Louisiana coasts are racing to shutter plants before Hurricane Laura makes landfall.

Phillips 66 to Stop Refining Crude at Calif. Facility
Friday, August 14, 2020Phillips 66 plans to reconfigure its San Francisco Refinery in Rodeo, Calif., into the world's largest renewable fuels plant.

Biden VP Pick Has Record of Fighting Oil Industry
Wednesday, August 12, 2020As California attorney general, Harris filed lawsuits against Phillips 66, ConocoPhillips and others.

Permian Crude Loads at New Coastal Terminal
Friday, July 17, 2020This photo shows crude being loaded onto a tanker at South Texas Gateway. PHOTO SOURCE: Buckeye Partners, L.P.

Phillips 66 Eyes 5G at Louisiana Refinery
Tuesday, July 14, 2020Accenture and AT&T are teaming up with Phillips 66 to develop a private cellular network near the latter company’s refinery in Belle Chasse, La.

Texas Refiners Contend with Virus Rebound
Friday, July 10, 2020Oil refineries aren't being spared as Covid-19 sweeps through Texas.

3M Alum Joins Phillips 66 Board
Thursday, July 09, 2020Phillips 66 reported Wednesday that its board has named Julie L. Bushman an independent director.

Energy CEOs Drop Climate Change Talk to Stress Survival
Wednesday, July 01, 2020"What's been front and center has been the extreme volatility and carnage that's occurred in the energy sector," said one energy analyst.

Some Refiners Benefiting From Crude-Price Drop
Tuesday, March 31, 2020America's biggest fuel makers are taking advantage of low oil prices to capture profits while slowing fuel production.

Some American Oil Selling at Under $10 a Barrel
Monday, March 30, 2020The whole market is groaning under the weight of this oil surplus.

Phillips 66 Outlines Budget Cuts
Wednesday, March 25, 2020Phillips 66 unveiled its plan for responding to the market downturn.

Phillips 66 and Trafigura to Develop Offshore Texas Port
Monday, March 02, 2020The offshore deepwater port would be located near Corpus Christi.

Phillips 66 Partners Snags Liberty Pipeline Interest
Monday, February 24, 2020Liberty Pipeline will provide oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma.

Former Walmart Exec Joins Phillips 66 Board
Monday, October 07, 2019The Phillips 66 board has appointed Charles M. Holley an independent director.

Big Oil Plans to Unleash a Flood of Plastic From US Gulf
Wednesday, July 10, 2019The world's biggest oil and chemical companies are about to unleash a tidal wave of plastic raw materials by the mid-2020s.

Phillips 66 Considering Texas Terminal Project
Wednesday, June 19, 2019Phillips 66 is weighing whether to build an offshore export terminal in the Gulf of Mexico, a project that would join a growing list of facilities being planned to handle growing shipments of U.S. shale oil.

New Louisiana Pipeline Set to Begin Ops
Wednesday, March 27, 2019The pipeline extends from Nederland, Texas, to St. James, La., via the Atchafalaya Basin.

Phillips 66 Posts Record Profits
Friday, February 08, 2019Phillips 66 followed rival refiner Valero Energy Corp. in blowing away investors with an earnings beat.

Venezuela Sanctions Likely to Hit Some US Refiners
Thursday, January 24, 2019Refiners in Texas and Louisiana would be hard hit by sanctions on Venezuelan crude under consideration at the White House.

Phillips 66's Profit Beats On Higher Refining Margins
Friday, July 27, 2018Phillips 66's quarterly profit topped analysts' estimates as cheaper crude prices boosted refining margins by more than 45%.

Phillips 66 Names EPC Contractor for Texas Fractionation Plants
Tuesday, June 26, 2018Phillips 66 awarded the contract in conjunction with the $1.5 billion expansion at its Sweeny Hub.

Phillips 66 To Expand Texas Natural Gas Liquids Project
Wednesday, June 13, 2018Phillips 66 says it plans to spend up to $1.5 billion on the expansion of its natural gas liquids project.

Permian Basin Refinery Project Doubles in Capacity
Tuesday, December 12, 2017With project expansion, region's refining capacity to grow from 300,000 to 400,000 bpd. SOURCE: MMEX Resources Corp.

Phillips 66, Enbridge Launch Open Season for Texas Pipeline System
Monday, December 11, 2017Crude oil pipeline system to link West Texas to Gulf Coast refineries, export facilities.

Phillips 66 Wraps Up Strong Quarter For Big US Refiners
Friday, October 27, 2017Phillips 66 wraps up a strong 3Q for big US oil refiners that saw refining margins rise sharply in the aftermath of Hurricane Harvey.

Oil Refiners Shrug Off Harvey to Rake in Fat Post-Storm Profits
Wednesday, October 25, 2017When Hurricane Harvey cleared and the floodwaters receded, oil refiners found themselves floating on a sea of cash.

Sources: Shell Prep Louisiana Refineries to Keep Running in Storm
Thursday, October 05, 2017PBF Energy and Royal Dutch Shell Plc were preparing their Louisiana refineries to keep running during Tropical Storm Nate, which is forecast to make landfall in the state on Sunday, sources familiar with plant operations said.

Phillips 66 Awards Texas Terminal Project to CB&I
Tuesday, September 26, 2017It's CB&I's third project at Phillips 66's Beaumont Terminal in Nederland, Texas.