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) 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.
Phillips 66 (NYSE: PSX) has announced a definitive agreement to acquire the remaining 50% stake in WRB Refining LP from Cenovus Energy for $1.4 billion. The acquisition includes full ownership of the Wood River refinery in Illinois and Borger refinery in Texas, which Phillips 66 has operated since 2007.
The transaction will increase Phillips 66's refining capacity by 250 MBD, with Wood River and Borger refineries having crude throughput capacities of 345 MBD and 149 MBD, respectively. The company expects to achieve operational and commercial synergies of $50 million annually. The deal is set to close in Q4 2025.
Phillips 66 (NYSE: PSX) reported strong Q2 2025 financial results with earnings of $877 million ($2.15 per share) and adjusted earnings of $973 million ($2.38 per share). The company achieved significant operational milestones, including 98% refining capacity utilization and 86% clean product yield.
Key developments include the acquisition of EPIC NGL (renamed Coastal Bend), the announced sale of a 65% interest in Germany and Austria retail operations, and the startup of Dos Picos II gas processing plant. The company generated $845 million in operating cash flow ($1.9 billion excluding working capital) and returned $906 million to shareholders through dividends ($487 million) and share repurchases ($419 million).
The company maintained strong liquidity with $1.1 billion in cash and $3.7 billion in available credit facilities, while progressing on strategic initiatives including the planned cessation of Los Angeles Refinery operations.
Phillips 66 (NYSE: PSX) has announced its quarterly dividend payment. The company's board of directors has declared a dividend of $1.20 per share on common stock. Shareholders of record as of August 19, 2025 will receive the dividend payment on September 2, 2025.