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 is enhancing its advanced analytics capabilities through an investment in Seeq, a software developer for process manufacturing data analytics. This marks the first investment from Phillips 66's Digital Ventures team, part of the AdvantEdge66 program aimed at digital transformation. Zhanna Golodryga, Chief Digital Officer, highlighted the potential of data to drive innovation and improve products. Seeq, based in Seattle, offers Industrial Internet of Things applications to visualize and analyze manufacturing data, helping stakeholders optimize operations and outcomes.
Phillips 66 (PSX) reported a second-quarter 2021 profit of $296 million, a notable recovery from a $654 million loss in Q1 2021. Adjusted earnings totaled $329 million, contrasting sharply with an adjusted loss of $509 million in the previous quarter. The uptick was driven by strong demand post-winter storms, particularly in the Chemicals segment, which saw adjusted pre-tax income rise to $657 million. However, Refining continued to struggle with a pre-tax loss of $706 million. The company remains committed to lower-carbon initiatives and returned $394 million in dividends to shareholders.
Phillips 66 (NYSE: PSX) has announced a change in the timing of its second-quarter earnings conference call, now set for 1 p.m. EDT on August 3, 2021. During the call, executive management will discuss the company's financial results and strategic initiatives. The earnings report will be released earlier that day. Investors can access the webcast via the company’s website, with replays and transcripts available post-event.
As of March 31, 2021, Phillips 66 reported $55 billion in assets and operates a diversified energy portfolio.
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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.
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