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,
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”.
a process that involves converting some existing refinery operations to support cleaner energy initiatives. Recently, Phillips 66 has concentrated on expanding its midstream operations ...
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 ...
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 ...
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.
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.
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 ...
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes and the sale of the company's ...
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