Phillips 66 Stock Price, News & Analysis

The board of directors of Phillips 66 (PSX) has appointed Denise R. Cade and Douglas T. Terreson as independent directors, effective July 14, 2021. Cade will serve on the audit and finance committee as well as the public policy and sustainability committee, while Terreson will join the human resources and compensation committee along with the public policy and sustainability committee. This brings the total number of directors to 11, with 10 being independent. Cade and Terreson bring extensive experience from various sectors, enhancing the board's expertise in legal and energy industries.

The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share. This dividend is payable on September 1, 2021, to shareholders of record as of the close of business on August 18, 2021. Phillips 66 is a diversified energy manufacturing and logistics company with a portfolio that includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. As of March 31, 2021, the company had $55 billion in assets.

Phillips 66 (PSX) will host a webcast on August 3, 2021, at noon EDT to discuss its second-quarter financial results and strategic initiatives. The results will be released earlier that day. Interested parties can access the webcast via the company's Investors site. A replay will be available shortly after the event, and a transcript will be provided later. Phillips 66 is a diversified energy manufacturing and logistics company with $55 billion in assets as of March 31, 2021, and employs 14,200 people globally.

Phillips 66 (NYSE: PSX) announced a $250,000 contribution to Greenwood Rising, a center in Tulsa’s Greenwood District dedicated to honoring the victims of the 1921 Tulsa Race Massacre. This center aims to educate the public about the massacre and celebrate the resilience of the Black community in Tulsa. The dedication will occur on June 2, marking nearly 100 years since the tragic event. The funding will support educational programming, field trips for local schools, and the creation of educational materials to ensure the lessons of history are preserved and taught.

Members of the Phillips 66 Executive Leadership Team will participate in virtual fireside chats at the 2021 Wells Fargo Energy Conference on June 2 and the J.P. Morgan Energy, Power and Renewables Conference on June 22, both at 1:20 p.m. EDT. They will discuss value creation amid an evolving energy landscape and update on strategic initiatives, emphasizing disciplined capital allocation. The webcasts can be accessed through the Investors section of the Phillips 66 website, with replays and transcripts available post-event.

The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on common stock. This dividend will be payable on June 1, 2021, to shareholders on record as of the close of business on May 24, 2021. The company, a leader in the energy sector, has a diverse portfolio including Midstream, Chemicals, Refining, and Marketing. As of March 31, 2021, Phillips 66 reported $55 billion in assets.

Phillips 66 (NYSE: PSX) will conduct its 2021 Annual Meeting of Shareholders on May 12 at 9 a.m. CDT via live webcast. Shareholders of record as of March 17, 2021, can attend using a 16-digit control number from their proxy cards. Those not voting can access the meeting as guests. Participants are advised to check in 15 to 30 minutes early. A replay of the meeting will be available on the Investors site 24 hours post-meeting. Phillips 66, a diversified energy company, had $55 billion in assets as of March 31, 2021, and is headquartered in Houston.

Phillips 66 (NYSE: PSX) reported a first-quarter 2021 loss of $654 million, up from a loss of $539 million in Q4 2020. Excluding special items, the adjusted loss was $509 million, marginally higher than the $507 million loss in the previous quarter. The results were adversely influenced by severe winter storms and the ongoing COVID-19 pandemic. The company paid $394 million in dividends and repaid $500 million of debt during the quarter. Despite challenges, Phillips 66 commenced renewable diesel production and advanced several strategic projects, boasting a liquidity of $6.7 billion.

Phillips 66 (NYSE: PSX) and Southwest Airlines (NYSE: LUV) have signed a memorandum of understanding to promote sustainable aviation fuel (SAF). The partnership aims to enhance public awareness and research, while paving the way for a potential supply agreement related to Phillips 66's Rodeo Renewed project in California. SAF, produced from renewable sources, is designed to meet lower carbon-intensity standards and is compatible with existing aircraft engines. The Rodeo project is expected to generate 800 million gallons of renewable fuel annually upon completion in early 2024.