Phillips 66 Stock Price, News & Analysis

Phillips 66 (NYSE: PSX) announced significant progress in idling its Los Angeles refinery operations as part of its site redevelopment strategy. The company received its final waterborne crude on September 30, with final crude processing expected around October 16. The facility is implementing a phased shutdown through the end of 2025.

The company anticipates accruing $70 million in environmental expenses in the Refining segment for groundwater mitigation and a $30 million asset retirement charge in the Midstream segment. Phillips 66 commits to maintaining steady fuel supply for California consumers through internal and external sourcing.

Phillips 66 (NYSE: PSX) has announced it will host a webcast to discuss its third-quarter 2025 financial results on Wednesday, October 29, 2025, at noon ET. The financial results will be released earlier on the same day. Investors can access the webcast through the Events and Presentations section of the Phillips 66 Investors website at phillips66.com/investors. A replay will be available approximately two hours after the event, with a transcript to follow at a later date.

Phillips 66 (NYSE:PSX) and MIND Research Institute's decade-long partnership has demonstrated remarkable success in math education through the ST Math program. Students at Phillips 66-funded schools achieved more than double the annual growth in math performance compared to peers, with a 12.4 percentile point advantage in spring 2024 state math rankings.

The partnership, which began in 2014, has benefited over 60,000 students across 126 schools in 23 districts nationwide. Phillips 66 fully funds ST Math in communities near its facilities across seven states. The program's success is complemented by Family Math Nights, where Phillips 66 employees volunteer to engage with students and families in interactive math activities.

Phillips 66 (NYSE:PSX) has announced the appointment of Sean Maher as Vice President of Investor Relations and Chief Economist, effective October 1, 2025. Maher, who currently serves as the company's Chief Economist, will succeed Jeff Dietert, who is retiring after eight years with the company.

Maher brings nearly 30 years of experience in energy finance and investment, including senior roles at Morgan Stanley and experience as a partner and senior portfolio manager. Dietert, who joined Phillips 66 in 2017, has been credited with strengthening the company's relationships with analysts and shareholders during his tenure.

Phillips 66 (NYSE: PSX) has announced a definitive agreement to acquire the remaining 50% stake in WRB Refining LP from Cenovus Energy for $1.4 billion. The acquisition includes full ownership of the Wood River refinery in Illinois and Borger refinery in Texas, which Phillips 66 has operated since 2007.

The transaction will increase Phillips 66's refining capacity by 250 MBD, with Wood River and Borger refineries having crude throughput capacities of 345 MBD and 149 MBD, respectively. The company expects to achieve operational and commercial synergies of $50 million annually. The deal is set to close in Q4 2025.

Phillips 66 (NYSE: PSX) reported strong Q2 2025 financial results with earnings of $877 million ($2.15 per share) and adjusted earnings of $973 million ($2.38 per share). The company achieved significant operational milestones, including 98% refining capacity utilization and 86% clean product yield.

Key developments include the acquisition of EPIC NGL (renamed Coastal Bend), the announced sale of a 65% interest in Germany and Austria retail operations, and the startup of Dos Picos II gas processing plant. The company generated $845 million in operating cash flow ($1.9 billion excluding working capital) and returned $906 million to shareholders through dividends ($487 million) and share repurchases ($419 million).

The company maintained strong liquidity with $1.1 billion in cash and $3.7 billion in available credit facilities, while progressing on strategic initiatives including the planned cessation of Los Angeles Refinery operations.

Phillips 66 (NYSE: PSX) has announced its quarterly dividend payment. The company's board of directors has declared a dividend of $1.20 per share on common stock. Shareholders of record as of August 19, 2025 will receive the dividend payment on September 2, 2025.

Phillips 66 (PSX) has released its 2025 Sustainability and People Report, highlighting the company's achievements in sustainable energy and organizational development during 2024. Key accomplishments include a 15% reduction in Scope 1 and 2 GHG emissions intensity and an 8% reduction in Scope 3 emissions intensity compared to 2019 levels. The company reported a significant 38% reduction in serious incident injuries and expanded its methane disclosures. CEO Mark Lashier emphasized the company's commitment to delivering affordable energy while investing in emission-reduction projects and growth opportunities. The report, continuing Phillips 66's tradition of annual sustainability reporting since 2012, also details initiatives in employee career development and workforce practices.

Phillips 66 (NYSE: PSX) has announced it will release its second-quarter 2025 financial results on Friday, July 25, 2025. Following the release, the company's executive management will host a webcast at noon ET to discuss the quarterly results. Investors and interested parties can access the webcast through the Events and Presentations section of Phillips 66's investor relations website at phillips66.com/investors. A replay of the webcast will be made available approximately two hours after the event concludes, and a transcript will be provided at a later date.