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Activist investor Elliott Investment Management revealed a $1 billion stake in U.S. refiner Phillips 66 on Wednesday, calling for a boardroom overhaul and criticizing management for taking its eye off...
Built in 1926, the refinery distributes products in West Texas, New Mexico, Colorado and the Midcontinent region. SWEENY, Old Ocean, Texas, capacity: 265,000 bpd Mainly produces transportation fuels. Also produces petrochemical feedstocks, home heating oil and fuel-grade petroleum coke.
Third-Quarter Results Reported third-quarter earnings of $2.1 billion or $4.69 per share; adjusted earnings of $2.1 billion or $4.63 per share Generated $2.7 billion of operating cash flow,...
I remember Double-O in my childhood as having the most pungent odor, an infamous smell from the fumes of the Phillips 66 refinery that was across the street. It’s crazy
By Dan Molinski Phillips 66 on Friday reported an operational disruption that caused above-normal gas emissions at its Sweeny Refinery and Petrochemical Complex near Houston. A unit upset...