Phillips 66 (PSX) , a leading integrated energy company, has announced that it has finished the full conversion of its Rodeo Renewable Energy Complex in California. The complex has achieved full production rates following the conversion, which has raised throughput rates to 50,000 barrels per day. This equals approximately 800 million gallons of renewable fuel per year.The Rodeo complex has completely ceased crude oil processing and shifted to the production of renewable diesel and sustainable aviation fuel ...

In the latest market close, Phillips 66 (PSX) reached $139.40, with a -0.27% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.09%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.3%.Shares of the oil refiner witnessed a gain of 1.15% over the previous month, beating the performance of the Oils-Energy sector with its loss of 1.6% and underperforming the S&P 500's gain of 3.38%.Market participants wil ...

Phillips 66 (PSX) closed at $138.09 in the latest trading session, marking a +0.09% move from the prior day. This change outpaced the S&P 500's 0.16% loss on the day. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.18%.Prior to today's trading, shares of the oil refiner had lost 2.97% over the past month. This has was narrower than the Oils-Energy sector's loss of 3.96% and lagged the S&P 500's gain of 3.15% in that time.The investment community will b ...

Phillips 66 (NYSE:PSX) J.P. Morgan 2024 Energy, Power & Renewables Conference June 18, 2024 10:55 AM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants John Royall - J.P. Morgan John Royall All right. So, why don't we get started? We're happy to introduce Mark Lashier, Chairman and CEO of Phillips 66. Mark's been in the role since July of 2022. Prior to that, most recently, Mark ran the CPChem business and started his career, I think, with Phillips Petroleum in the late ‘80s. ...

Phillips 66 (NYSE:PSX) J.P. Morgan 2024 Energy, Power & Renewables Conference June 18, 2024 10:55 AM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants John Royall - J.P. Morgan John Royall All right. So, why don't we get started? We're happy to introduce Mark Lashier, Chairman and CEO of Phillips 66. Mark's been in the role since July of 2022. Prior to that, most recently, Mark ran the CPChem business and started his career, I think, with Phillips Petroleum in the late ‘80s. ...

Core Insights - Phillips 66 (PSX) has sold its 25% non-operated equity interest in the Rockies Express Pipeline to Tallgrass Energy for $1.28 billion, as part of a strategy to generate over $3 billion from asset divestitures [1][2] - The Rockies Express Pipeline is a significant natural gas pipeline in the U.S., transporting approximately 5 billion cubic feet per day across 1,714 miles [1] - The sale will provide PSX with pre-tax proceeds of $685 million, which will be utilized to enhance shareholder returns and support other priorities [2] Company Strategy - Phillips 66 is focused on optimizing its portfolio by monetizing non-essential assets to align with long-term objectives [2] - Following the transaction, Tallgrass Energy will fully own the Rockies Express Pipeline, consolidating its operational control [2] Financial Impact - The deal is part of Phillips 66's broader initiative to achieve over $3 billion in asset divestitures, indicating a significant shift in its asset management strategy [1] - The pre-tax proceeds from the sale, amounting to $685 million, reflect adjustments related to debt and preferred equity balances [2]

BD ImagesPhillips 66 (NYSE:PSX) is a multinational energy company, with a market capitalization of almost $60 billion. The company has a dividend yield of more than 3%, a yield that it can comfortably afford, as it continues to generate strong cash flow in renewables. As we'll see throughout this article, Phillips 66 is a valuable long-term investment. Phillips 66 Differentiation Phillips 66 is working to operate a high-profile business with strong and complex refineries. Phillips 66 Investor Presentat ...

The latest trading session saw Phillips 66 (PSX) ending at $137.67, denoting a +1.22% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.23%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq added 0.34%.Prior to today's trading, shares of the oil refiner had lost 6.98% over the past month. This has lagged the Oils-Energy sector's loss of 4.97% and the S&P 500's gain of 3.96% in that time.The investment community will be closely monitoring the performance of Phil ...

Phillips 66 (PSX) , a leading energy company, has announced that its subsidiary, Phillips 66 Pipeline, LLC, is initiating a binding open season to solicit shipper commitments for services on its Blue Line System. This pipeline transports propane and butane from Wichita, KS, to Jefferson City, MO, and East St. Louis, IL.The Blue Line System, a common carrier liquids product pipeline, is set to offer long-term liquified petroleum gas (LPG) transportation services under binding agreements. This open season off ...

Phillips 66 (PSX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil refiner have returned -9.3%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Phillips 66 falls in, has lost 1.9%. The key question now is: What could be the stock's future direction?While med ...