Phillips 66 Stock Price, News & Analysis

Phillips 66 (NYSE: PSX) closed the sale of a 65% interest in its Germany and Austria retail marketing business to a consortium led by Energy Equation Partners and Stonepeak, retaining a 35% non-operated interest in the joint venture.

The transaction values the business at an enterprise value of ~€2.5 billion (~$2.8 billion) and delivered approximately €1.5 billion (~$1.6 billion) in pre-tax proceeds to Phillips 66 at closing. Phillips 66 Continental GmbH also signed a multi-year supply agreement to supply product from the MiRO refinery to the joint venture.

Motorola Solutions (NYSE: MSI) announced on November 18, 2025 that Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), was appointed to its board of directors. Lashier is a chemical engineer with over 30 years of executive leadership in energy and petrochemical sectors, has served as president and CEO of Chevron Phillips Chemical, sits on multiple industry boards and holds a BS and doctorate in chemical engineering from Iowa State University. The company and Lashier provided statements expressing mutual support for safety and security priorities and board collaboration.

Phillips 66 (NYSE: PSX) reported 3Q 2025 adjusted earnings of $1.0 billion ($2.52/share) and reported earnings of $133 million ($0.32/share). The company generated $1.2 billion of operating cash flow and $1.9 billion excluding working capital. Phillips 66 completed acquisition of the remaining 50% interest in WRB Refining LP on Oct. 1, gaining full ownership of the Wood River and Borger refineries.

Operational highlights include 99% refining utilization, 86% clean product yield, record Y-grade throughput ~999 MB/D and NGL fractionation ~930 MB/D. The Los Angeles refinery ceased crude processing Oct. 16 and remaining units are expected to be idled by year end.

Phillips 66 (NYSE:PSX) announced that board members Glenn Tilton and Marna Whittington intend to retire and will not stand for re-election at the company’s May 2026 annual meeting of shareholders.

Both are Class II directors with terms concluding in 2026. The company intends to nominate at least four directors for the 2026 meeting. Greg Hayes, chair of the Nominating and Governance Committee, is expected to assume the role of Lead Independent Director upon Tilton’s retirement. Company leaders thanked both directors for their service and emphasized continuity in board evolution and shareholder focus.

Phillips 66 (NYSE: PSX) and Kinder Morgan (NYSE: KMI) opened a binding open season for the proposed Western Gateway Pipeline, a refined-products pipeline linking Borger, Texas to Phoenix, Arizona with connectivity to California and Las Vegas via Kinder Morgan’s CALNEV pipeline.

The open season runs from 12:00 p.m. CT on October 20, 2025 through 12:00 p.m. CT on December 19, 2025. The project combines a new-build Borger–Phoenix pipeline with Kinder Morgan’s SFPP system (Colton–Phoenix) reversed to allow east‑to‑west flows and a reversal of Phillips 66’s Gold Pipeline to feed Borger. Interested shippers may request information at Westerngateway@p66.com or visit www.westerngatewaypipeline.com.

Phillips 66 (NYSE: PSX) declared a quarterly dividend of $1.20 per share.

The dividend is payable on Dec. 1, 2025 to shareholders of record at the close of business on Nov. 17, 2025.

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.