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By Arunima Kumar (Reuters) - Refiner Phillips 66 said on Wednesday it plans to return up to $12 billion more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up as much
Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.
Cheap sour crude grades are helping U.S. refiners continue to post strong profits
WASHINGTON (dpa-AFX) - Phillips 66 (PSX), a diversified energy company, on Tuesday announced significantly higher earnings in the third quarter ended 30 September, supported by strong refining
Phillips 66, one of the biggest U.S. energy firms, saw its third-quarter revenues grow amid rising oil prices.