Phillips 66 Company News

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Some Refiners Benefiting From Crude-Price Drop
Tuesday, March 31, 2020 America'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, 2020 The whole market is groaning under the weight of this oil surplus.

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

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

Phillips 66 Partners Snags Liberty Pipeline Interest
Monday, February 24, 2020 Liberty 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, 2019 The 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, 2019 The 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, 2019 Phillips 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, 2019 The pipeline extends from Nederland, Texas, to St. James, La., via the Atchafalaya Basin.

Phillips 66 Posts Record Profits
Friday, February 08, 2019 Phillips 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, 2019 Refiners 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, 2018 Phillips 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, 2018 Phillips 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, 2018 Phillips 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, 2017 With 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, 2017 Crude 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, 2017 Phillips 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, 2017 When 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, 2017 PBF 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, 2017 It's CB&I's third project at Phillips 66's Beaumont Terminal in Nederland, Texas.