While LyondellBasell will finish closing its Houston refinery this quarter, Phillips 66 is preparing for a Q4 2025 closure. Two of Houston's largest publicly traded companies — LyondellBasell ...

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”.

Elliott Builds More Than $2.5B Stake in Phillips ... on its core refinery business. Chevron Phillips Chemical is a joint venture between Chevron U.S.A. Inc. and Phillips 66 that was created ...

Activist investor Elliott Investment Management lifted its stake in energy company Phillips 66 (PSX) with over $2.5 billion ...

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.

During its Q4 FY24 results, which missed expectations, Phillips 66 blamed weak refining margins and larger-than-expected depreciation at its Los Angeles refinery as reasons for the deterioration.