Phillips 66 Co.
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Transactions
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
Phillips 66 to Buy Remaining Stake in Midstream MLP for $3.4 Billion
Phillips 66 to Buy Remaining Stake in Midstream MLP for $3.4 Billion
Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline
Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline
Phillips 66 Forms Multiple Pipeline JVs To Serve Key Shale Oil Producers
Phillips 66 Forms Multiple Pipeline JVs To Serve Key Shale Oil Producers
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New Financings
To redeem the entire outstanding principal amount of its floating rate senior notes due 2024. The…
Repurchased 35 million shares of Phillips 66 common stock for $93.725 per share for a total of $3.3…
Increased its share repurchase program by $2 billion from $7 billion. Plans to fund the repurchases…
Approved a new share repurchase program funded primarily with cash generated by its operations.
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News
Phillips 66’s Rodeo Facility Reaches Full Production Capacity Following Renewable Fuel Conversion
Houston-based Phillips 66 completed the full conversion of its Rodeo Renewable Energy Complex and reached its full capacity of 50,000 bbl/d. The facility will support the growing demand for renewable fuels.
Phillips 66 to Sell Interests in Rockies Express Pipeline to Tallgrass
Phillips 66’s sale to Tallgrass will generate $685 million in proceeds following debt and equity adjustments.
TMX Crude Quality May Hamper Flows from Canada to US West Coast
Companies and industry associations including Canadian Natural Resources Ltd, Chevron and refiner Valero Energy have written to the Canada Energy Regulator (CER) to complain about high vapor pressure limits on the Trans Mountain pipeline.
Phillips 66 Calls Open Season for Blue Line NGL Transport
Phillips 66 Pipeline’s, a subsidiary of Phillips 66, NGL network Blue Line System provides services from Kansas to Missouri and Illinois.
Phillips 66 to Acquire Pinnacle Midstream for $550MM
Phillips 66 said the deal to acquire Pinnacle Midstream was a strategic move to expand its natural gas gathering and processing assets in the Midland Basin.
Enbridge Plans to Increase Permian Oil Pipeline’s Capacity
Midstream company Enbridge announced an open season on the Gray Oak Pipeline for a proposed 120,000 bbl/d expansion and updated its M&A efforts.
Phillips 66 Weighs Divestments, Targets Renewable Fuel Increase
Phillips 66 looks to boost renewable fuels production by 67% through the end of the second quarter 2024 at its Rodeo complex in San Francisco while weighing a potential divestiture of its retail marketing businesses in Austria and Germany.
Tivoli Midstream Buys Southeast Texas Coast Infrastructure
Tivoli Midstream acquired the Chocolate Bayou from Ascend Performance Materials, including storage and land for development.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
Phillips 66 Reaches Milestone at San Francisco Bay Area Refinery
By the end of second-quarter 2024, Phillips 66 aims to have the complex finished and producing more than 50,000 bbl of renewable fuels.
Phillips 66 Explores Sale of Pipeline Stake Worth Over $1B, Sources Say
The Rockies Express Pipeline is a 2730-km interstate natural gas pipeline stretching from Wyoming and Colorado in the West to Ohio.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
Phillips 66 in Talks for Non-core Assets Sale: CEO
U.S. refiner and petrochemical manufacturer Phillips 66 is in active discussions for a sale of its non-core assets, CEO Mark Lashier said.
Chevron Plans $6.5 Billion US Shale Capex, Permian Growth in ‘24
California major Chevron Corp. is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spend allocated in the Permian Basin.
Phillips 66 Announces Quarterly Dividend
The Phillips 66 dividend will be payable on Dec. 1 to shareholders on record as of Nov. 17.