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.
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.
Phillips 66 (NYSE:PSX) has announced the appointment of Sean Maher as Vice President of Investor Relations and Chief Economist, effective October 1, 2025. Maher, who currently serves as the company's Chief Economist, will succeed Jeff Dietert, who is retiring after eight years with the company.
Maher brings nearly 30 years of experience in energy finance and investment, including senior roles at Morgan Stanley and experience as a partner and senior portfolio manager. Dietert, who joined Phillips 66 in 2017, has been credited with strengthening the company's relationships with analysts and shareholders during his tenure.