Phillips 66 Stock Price, News & Analysis

TortoiseEcofin announced updates to the Ecofin Global Digital Payments Infrastructure Index for Q1 2022. Notably, QIWI Plc will be removed from the index after the close of trading on March 18, 2022. Other deletions include Yiren Digital Ltd and Boku Inc. Additionally, Wise PLC will be added to the index. The TPAYMENT Index reflects companies involved in digital payments, highlighting the sector's growing importance.

Phillips 66 (NYSE: PSX) released its 2021 Human Capital Management Report, highlighting its strategies to foster a diverse and high-performing workforce in the energy sector. The report emphasizes the importance of innovation, collaboration, and employee development as the company adapts to the energy transition. Key areas addressed include progress toward inclusion, investment in employee skills, and a commitment to transparency and accountability. With $56 billion in assets as of December 31, 2021, Phillips 66 continues to prioritize employee well-being and organizational growth.

TortoiseEcofin has announced its quarterly rebalancing updates for various indices, effective March 18, 2022. Notable deletions include Aalberts NV (AALB NA) and Sulzer AG (SUN SW) from the Ecofin Global Water ESG Index. New additions to this index include Kitz Corp (6498 JP) and Lixil Corp (5938 JP). The Ecofin Global Digital Payments Infrastructure Index will see deletions of Yiren Digital Ltd (YRD US) and Boku Inc (BOKU LN), while Wise PLC (WISE LN) will be added. The Tortoise Decarbonization Infrastructure Index will also delete Eos Energy Enterprises Inc (EOSE US) and Romeo Power Inc (RMO US).

Phillips 66 (NYSE: PSX) has successfully completed its merger with Phillips 66 Partners (NYSE: PSXP), acquiring all limited partnership interests not already owned. Each PSXP unitholder received 0.50 shares of PSX common stock for each PSXP common unit. As a result, PSXP's common units will no longer be publicly traded effective March 9, 2022. Phillips 66, headquartered in Houston, has a diverse portfolio in energy manufacturing and logistics, with approximately $56 billion in assets as of December 31, 2021.

TortoiseEcofin has announced that Phillips 66 Partners LP (NYSE:PSXP) will be removed from the Tortoise MLP Index and the Tortoise North American Pipeline Index due to its approved merger with Phillips 66 (NYSE:PSX). This removal will occur at market open on March 9, 2022. The rebalancing in both indices is triggered by corporate actions that exceed certain weighting thresholds. This change reflects the ongoing consolidation within the energy sector and showcases TortoiseEcofin’s adherence to its established methodologies.

Phillips 66 (NYSE: PSX) aims to cut its greenhouse gas emissions intensity by 50% by 2050, enhancing its prior targets. This commitment reflects the company's strategy to support the Paris Agreement and contribute to climate solutions while creating shareholder value. The 2022 capital program includes $1.9 billion, with 45% allocated to lower-carbon projects. Phillips 66 is actively pursuing opportunities in renewable energy and has a dedicated research group for developing lower-carbon technologies. CEO Greg Garland emphasized the need for broader systemic changes to achieve emissions reduction goals.

Phillips 66 Partners LP (NYSE: PSXP) has submitted its annual report on Form 10-K for the fiscal year ending December 31, 2021, to the SEC. The report includes audited financial statements and can be accessed on the Partnership's website and the SEC’s site. Unitholders can request a hard copy of the report free of charge by contacting Phillips 66 in Bartlesville, OK. Phillips 66 Partners is a master limited partnership focused on owning and operating midstream assets, including pipelines and terminals for crude oil and natural gas liquids.

The board of directors of Phillips 66 (PSX) has declared a quarterly dividend of 92 cents per share. This dividend is scheduled for payment on March 1, 2022, to shareholders on record as of February 22, 2022. With a diverse portfolio in energy manufacturing and logistics, Phillips 66 reported $56 billion in assets as of December 31, 2021, and employs around 14,000 individuals dedicated to operational excellence.

Phillips 66 (NYSE: PSX) and H2 Energy Europe have launched a joint venture to establish up to 250 hydrogen refueling stations in Germany, Austria, and Denmark by 2026. The collaboration aims to enhance the hydrogen infrastructure through a 50-50 partnership focused on combining the strengths of both companies. Phillips 66's extensive retail presence will facilitate the initiative, while H2 Energy will handle hydrogen production and logistics. The venture is contingent on regulatory approvals and is seen as a step towards a lower-carbon future.