Welcome to our dedicated page for Phillips 66 news (Ticker: PSX), a resource for investors and traders seeking the latest updates and insights on Phillips 66 stock.
Phillips 66 reports news across its integrated downstream energy portfolio, including Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels. Company updates commonly address refining operations, NGL fractionation and LPG export capacity, refined-products logistics, chemical joint venture activity, renewable fuels, retail fuel marketing and completed asset additions such as the Lindsey Oil Refinery assets in the United Kingdom.
Recurring Phillips 66 announcements also cover quarterly results, dividend declarations, capital allocation, credit and liquidity updates, shareholder meetings, investor presentations, board governance and commercial developments tied to pipelines, terminals, storage, processing and fuel supply infrastructure.
Phillips 66 (NYSE: PSX) will release its second-quarter 2024 financial results on July 30, 2024. The company will host a webcast at noon ET the same day to discuss these results, accessible through the Phillips 66 Investors site. A replay will be available two hours after the event, and a transcript will be provided later.
Phillips 66 announces the launch of a binding open season for shipper commitments on its Blue Line System. The system, operated by Phillips 66 Pipeline, will transport propane and butane from Wichita, Kansas, to Jefferson City, Missouri, and East St. Louis, Illinois. The open season starts on June 7, 2024, and will remain open until July 6, 2024. The transportation services are expected to commence in the winter season of 2024, pending FERC approval. Interested parties must sign a confidentiality agreement to participate.
Phillips 66 (NYSE: PSX) announced that Mark Lashier, chairman and CEO, will participate in a fireside chat at the J.P. Morgan 2024 Energy, Power & Renewables Conference on June 18, 2024, at 10:55 a.m. ET. Alongside Lashier, Kevin Mitchell, executive vice president and CFO, and Jeff Dietert, vice president of Investor Relations, will attend. The discussion will cover the company's strategic priorities and commitment to disciplined capital allocation. The event will be webcast live, with a replay and transcript available later on the Phillips 66 Investors site.
Phillips 66 (NYSE: PSX) announced it will acquire Pinnacle Midland Parent from Energy Spectrum Capital for $550 million. This move aims to expand Phillips 66's natural gas gathering and processing capabilities in the Midland Basin. Pinnacle's assets include the Dos Picos natural gas system, featuring a 220 MMcf/d gas processing plant, 80 miles of pipeline, and 50,000 dedicated acres. The acquisition aligns with Phillips 66's strategy to enhance its midstream business, integrate its asset portfolio, and create sustainable value for shareholders. The deal is expected to close by mid-2024, pending customary closing conditions and regulatory approvals.
Phillips 66 (NYSE: PSX) will host its 2024 Annual Meeting of Shareholders on May 15, 2024, in a virtual-only format. Shareholders can access the meeting online with a control number. A replay and transcript will be available post-meeting.
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