Phillips 66 is a diversified energy manufacturing and logistics company that focuses on the refining, transportation, and marketing of petroleum products. The company operates a network of refineries that produce a wide range of fuels and petrochemical products, contributing to the energy supply chain. Additionally, Phillips 66 is involved in the development of midstream and downstream activities, including the transportation of crude oil and refined products through pipelines and terminals. The company's operations emphasize safety, reliability, and environmental stewardship as they meet the energy needs of their customers while fostering innovation in energy technologies. Read More
Phillips 66 (NYSE:PSX) announced today that Sean Maher has been appointed vice president of investor relations and chief economist, effective Oct. 1. Maher succeeds Jeff Dietert, who has elected to retire after eight years of service with the company.
Phillips 66 to acquire remaining 50% stake in WRB Refining LP from Cenovus Energy for $1.4 billion, gaining full ownership of two US refineries and simplifying operations.
Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to acquire the remaining 50% ownership interest in WRB Refining LP from subsidiaries of Cenovus Energy Inc. for total cash consideration of $1.4 billion, subject to customary purchase price adjustments.
Summary: Investors face complex market with tech and commodities driving different stories. Analysts bullish on FTAI, AAPL, CDE, PSX. See premarket coverage.
The specter of persistent inflation, stubbornly holding above the Federal Reserve's long-term target of 2%, is casting a long shadow over the U.S. economy and financial markets. Recent data reveals a concerning trend where core inflation metrics, stripping out volatile food and energy prices, are accelerating, prompting the central
Wall Street looked set to close the week on a high note, with large-cap benchmarks pushing higher in Friday's midday trading as optimism over corporate earnings and progress on global trade talks provided support for risk assets.
Phillips 66 reported strong Q2 results with adjusted earnings of $2.38 per share, beating expectations. Revenue also exceeded estimates at $33.52 billion.
Let's have a look at what is happening on the US markets before the opening bell on Friday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
