$PSX (Phillips 66)

$PSX {{ '2015-10-12T15:48:51+0000' | timeago}} • Announcement

$PSX announced a $3.6Bil capital budget for 2016, excluding $PSXP's capital program. BoD of $PSX approved a $2Bil increase to its share buyback program, bringing total buyback authorization to $9Bil. $PSX to spend $2Bil on its midstream business lines, $1.2Bil on refining and invest $135MM of growth & sustaining capital in Marketing & Specialties.

$PSX {{ '2017-12-08T18:10:27+0000' | timeago}} • Announcement

$PSX announced its 2018 capital budget of $2.3Bil, which includes $1.4Bil of growth capital and $0.9Bil of sustaining capital. Long-term, the company continues to target re-investing 60% of its cash flow back into the business and returning 40% to its shareholders.

$PSX {{ '2017-11-03T17:12:54+0000' | timeago}} • Announcement

Despite the challenges associated with Hurricane Harvey, energy manufacturer $PSX reported higher profit in 3Q17 as its Midstream, Chemicals and Refining segments posted higher earnings. Consolidated earnings surged 61% to $823MM or $1.60 per share and revenue rose 19% to $26.2Bil. On an adjusted basis, earnings spiked 58% to $1.66 per share.

$PSX {{ '2017-11-03T16:54:40+0000' | timeago}} • Infographic

$PSX Phillips 66 Earnings AlphaGraphic: Q3 2017 Highlights

$PSX {{ '2017-10-19T16:30:49+0000' | timeago}} • Announcement

$PSX and Square Robot, Inc. are teaming up to develop an autonomous robot that would have the capability to inspect petroleum product storage tank floors while product remains in the tank. The untethered robot is being designed and will be certified for use in a wide range of petroleum products. The robot is expected to enter service in mid-2018.

$PSX {{ '2017-10-09T13:31:45+0000' | timeago}} • Announcement

$PSX's BoD approved a new $3Bil share repurchase program, increasing the total to $12Bil since 3Q12. The BoD also declared a quarterly dividend of $0.70 per share, payable on Dec. 1, 2017 to shareholders of record on Nov. 17. 2017.

$PSX {{ '2017-08-01T16:51:12+0000' | timeago}} • Infographic

$PSX Phillips 66 Earnings AlphaGraphics: Q2 2017 highlights

$PSX {{ '2017-08-01T11:49:36+0000' | timeago}} • Announcement

$PSX generated $1.9Bil in cash from operations during 2Q17, including $422MM of cash distributions from equity affiliates. Excluding working capital impacts, operating cash flow was $1.2Bil. Phillips 66 expects the diesel recovery project in Ponca City to be complete in 3Q17.

$PSX {{ '2017-08-01T11:46:17+0000' | timeago}} • Announcement

Energy manufacturing and logistics company $PSX posted a 2Q17 earnings of $550MM or $1.06 per share, vs. $496MM or $0.93 per share a year ago. Excluding special items, adjusted earnings were $569MM or $1.09 per share.

$PSX {{ '2017-07-12T16:46:35+0000' | timeago}} • Announcement

$PSX's BoD declared a quarterly dividend of 70 cents per share on its common stock. The dividend is payable on Sept. 1, 2017, to shareholders of record as of the close of business on Aug. 18, 2017.

$PSX {{ '2017-05-03T18:40:23+0000' | timeago}} • Announcement

The board of directors of $PSX declared a quarterly dividend of $0.70 per share on its common stock, representing an 11% increase. The dividend is payable on June 1, 2017, to shareholders of record on May 18, 2017.

$PSX {{ '2017-04-28T17:14:48+0000' | timeago}} • Webcast

In terms of business growth prospect, $PSX said the second wave of ethane cracker project is being planned in the U.S. The company anticipates there will be continued opportunity for infrastructure around crude and product side, and believes Midstream will be a growth vehicle.

$PSX {{ '2017-04-28T11:35:21+0000' | timeago}} • Announcement

$PSX's Midstream's earnings for 1Q17 was $77MM compared to a loss of $1MM last quarter, which included charge related to restructuring and certain tax adjustments. Transportation net income was $78MM, improved $10MM from 4Q16 adjusted net income of $68MM, on seasonally lower maintenance costs and higher equity earnings.

$PSX {{ '2017-04-28T11:32:54+0000' | timeago}} • Announcement

$PSX reported a rise in 1Q17 earnings driven by net benefit of a gain on consolidation of a petroleum coking venture and an impairment taken by an equity affiliate. Net income rose to $535MM or $1.02 per share from $385MM or $0.72 per share last year. Adjusted EPS decreased to $0.56 from $0.67.

$PSX {{ '2017-02-08T17:27:48+0000' | timeago}} • Announcement

$PSX's BoD declared a quarterly dividend of 63 cents per share on its common stock. The dividend is payable on March 1, 2017, to shareholders of record as of the close of business on Feb. 21, 2017.

$PSX {{ '2017-02-03T17:40:30+0000' | timeago}} • Webcast

$PSX said on the petrochemicals side, there are two projects. There are two units coming up in polyethylene which are expected to be complete by mid-2017. These are on target and the company is currently in the commissioning phase.

$PSX {{ '2017-02-03T17:22:37+0000' | timeago}} • Webcast

$PSX generated $667MM of cash from operations in 4Q16, including a $31MM working capital benefit. PSXP raised approx. $1.1Bil from the issuance of long-term notes during 4Q16. Capex was $813MM with $452MM spent on growth, mostly in Midstream. Distributions to shareholders were $558MM with $328MM in dividends and $230MM in share repurchases.

$PSX {{ '2017-02-03T12:53:14+0000' | timeago}} • Announcement

Energy company $PSX reported a decline in 4Q16 earnings. Net earnings were $163MM or $0.31 per share in 4Q16 compared to $650MM or $1.20 per share in 4Q15. Adjusted earnings were $83MM or $0.16 per share in 4Q16.

$PSX {{ '2016-12-16T17:06:35+0000' | timeago}} • Announcement

$PSX said its Freeport LPG Export Terminal located in Freeport, Texas, is fully operational. The company loaded its first contracted cargo on the Commander, a gas carrier that departed the terminal on Dec. 16.

$PSX {{ '2016-12-09T17:15:48+0000' | timeago}} • Announcement

$PSX announced its FY17 capital budget of $2.7Bil, which includes $1.3Bil for midstream growth and $0.9Bil directed toward enhancing refining returns and supporting operating excellence.

$PSX {{ '2016-10-28T18:11:44+0000' | timeago}} • Webcast

$PSX said its petrochemical partner CPChem is advancing US Gulf Coast Petrochemicals Project, which is about 85% complete. The polyethylene units are expected to be completed by mid-2017, and ethylene cracker units are expected to be completed in the second half of 2017.

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