Activist investor Elliott Investment Management has built a $2.5 billion stake in Houston-based energy company Phillips 66, ...

a process that involves converting some existing refinery operations to support cleaner energy initiatives. Recently, Phillips 66 has concentrated on expanding its midstream operations ...

The company says its earnings were negatively impacted by $230 million due to a pre-tax accelerated depreciation of its Los Angeles Refinery. Another blow to PSX stock comes from Phillips 66’s ...

Depreciation and Amortization: Approximately $3.3 billion annually, including $230 million per quarter for Los Angeles refinery. Phillips 66 (NYSE:PSX) achieved its shareholder distribution target ...

Phillips 66's earnings fell sharply in the fourth quarter, hit by weaker refining margins and accelerated depreciation of its Los Angeles refinery, which it plans to close later this year.

Phillips 66 announced October 16, 2024, it would cease production at the Los Angeles refinery by the end of 2025, with chief executive Mark Lashier citing uncertainty from “market dynamics”.

The remnants of Phillips 66's Santa Maria Refinery on the Nipomo Mesa will be removed from 218 acres, but a Sierra Club appeal to protect a large buffer area stands in the way of complete demolition.

Dozens of climate protesters with Sunrise Movement LA rallied outside Phillips 66’s Los Angeles Lubricant Terminal on Thursday morning, with 16 demonstrators storming the facility’s office ...

(Reuters) -Phillips 66 fourth-quarter profit plummeted to $8 million from $1.26 billion last year, hurt by tumbling refining margins, sending shares of the U.S. refiner down 3.2% in morning trade.

(Reuters) -Phillips 66 fourth-quarter profit plummeted to $8 million from $1.26 billion last year, hurt by tumbling refining margins, sending shares of the U.S. refiner down 3.2% in morning trade.

Phillips 66 (PSX) came out with a quarterly loss of ... is yet to report results for the quarter ended December 2024. This refinery operator is expected to post quarterly loss of $2.89 per share ...