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 (NYSE: PSX) generates a steady flow of news across refining, midstream, chemicals, marketing and renewable fuels. As an integrated downstream energy provider headquartered in Houston, Texas, the company frequently issues updates on capital projects, portfolio changes, financial results and strategic partnerships that shape its role in supplying fuels and petrochemical products.
News about Phillips 66 often covers refining and marketing developments, such as investments at the Humber Refinery in North Lincolnshire and changes in its European retail marketing footprint. For example, the company announced the sale of a 65% interest in its Germany and Austria retail marketing business while retaining a non‑operated stake, and its UK subsidiary Phillips 66 Limited agreed to acquire Lindsey Oil Refinery assets to integrate key facilities into the Humber Refinery.
Investors and industry followers can also expect midstream and pipeline project updates, including announcements related to the Western Gateway refined products pipeline being developed with Kinder Morgan. These stories highlight how Phillips 66 connects midcontinent refinery supply to markets in Arizona, California and Nevada.
Regular earnings releases and capital budget announcements provide insight into segment performance, capital allocation between sustaining and growth projects, and progress on NGL wellhead‑to‑market initiatives, refining optimization and renewable fuels investments. Additional news items may feature branding collaborations, such as 76 Renewable Diesel promotions, and participation in industry conferences.
This news page allows readers to follow the latest press releases, project milestones and financial disclosures related to PSX. For anyone tracking downstream energy, refined products logistics, petrochemicals or renewable fuels, the Phillips 66 news feed offers a focused view of how the company manages its portfolio and invests in both traditional and lower‑carbon energy.
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Phillips 66 (NYSE: PSX) will host a webcast at noon ET on May 3, 2023, to discuss its first-quarter 2023 financial results, which will be released earlier that day. This announcement emphasizes the company's commitment to transparency and engagement with investors. The event can be accessed via the Phillips 66 Investors site, with a replay available approximately two hours post-event. Phillips 66 operates in Midstream, Chemicals, Refining, and Marketing, contributing significantly to the global economy while focusing on energy reliability and safety.
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Phillips 66 (NYSE: PSX) will participate in the 51st Annual Scotia Howard Weil Energy Conference on March 7, 2023, at 9:30 a.m. ET. CEO Mark Lashier and VP Jeff Dietert will discuss the company's strategies for enhancing shareholder value and maintaining disciplined capital allocation. The webcast can be accessed via the Phillips 66 Investors site, with a replay available the following day. Phillips 66 operates in various sectors, including Midstream, Chemicals, and Refining, and is committed to delivering energy responsibly while pursuing lower-carbon initiatives.
On March 2, 2023, Richard Harbison and Jeff Dietert from Phillips 66 (NYSE: PSX) will engage in a fireside chat at the Bank of America Securities 2023 Refining Conference at 12 p.m. ET. They will outline the company's commitment to delivering shareholder value and advancing strategic initiatives while maintaining disciplined capital allocation. Investors can access the event via the Phillips 66 Investors site. A replay will be available the following day, with a transcript released later. Phillips 66, headquartered in Houston, focuses on producing energy solutions while aiming for a lower-carbon future.
The board of directors of Phillips 66 (NYSE: PSX) has announced a quarterly dividend of $1.05 per share, marking an 8% increase. This dividend will be paid on March 1, 2023, to shareholders on record by February 21, 2023. President and CEO Mark Lashier emphasized that rewarding shareholders through a competitive dividend is a company priority, with a history of 12 dividend increases since 2012, resulting in a 17% compound annual growth rate. The company aims to return between $10 billion and $12 billion to shareholders by the end of 2024 through dividends and a share repurchase program.