Phillips 66 Shares Rise Premarket on Report of Push From Elliott
Phillips 66 shares, which closed Monday at $123.71, were recently up 6.6% at $131.89 in premarket trading. Elliott plans to seek a number of changes to simplify Phillips 66, most notably pushing the company to sell or spin off its big midstream business,
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LA Phillips 66 Refinery Will Close in 2025Phillips 66 announced Wednesday it will close its Los Angeles-area refinery next year, citing uncertainty about the future “sustainability” of the facility.
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”.
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.
Global diesel prices to rely on refinery closures for support in 2025 December 12, 2024 Phillips 66 will help power its refinery in Rodeo, California, with a new solar facility owned and ...
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 ...
a process that involves converting some existing refinery operations to support cleaner energy initiatives. Recently, Phillips 66 has concentrated on expanding its midstream operations ...
Jan 7, 2023 Jan 7, 2023 Updated Apr 4, 2023 After 67 years of virtually continuous operation, the Phillips 66 Santa Maria Refinery in the dunes west of Nipomo shut down without fanfare Friday.
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 ...
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