$PSX (Phillips 66)

$PSX {{ '2015-07-31T16:32:59+0000' | timeago}} • Announcement

$PSX 2Q15 PR: In July, Phillips 66 announced it has formed a joint venture with Energy Transfer and Sunoco Logistics to build the Bayou Bridge pipeline that will deliver crude oil from Phillips 66's and Sunoco Logistics' terminals in Nederland, Texas to Lake Charles.

$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.

$PSX {{ '2016-10-28T18:11:36+0000' | timeago}} • Webcast

$PSX's said Billings Refinery, an oil refinery located in Billings, is increasing its Canadian heavy crude processing capability to 100%. This project is expected to be complete in the first half of FY17.

$PSX {{ '2016-10-28T18:11:19+0000' | timeago}} • Webcast

$PSX said it continues to expand its Beaumont Terminal, crude oil and refined products storage facility. The expansion consists of 2MM barrels of additional crude storage to be commissioned in 4Q16 and 1.2MM barrels of additional products storage expected to be available by mid-2017.

$PSX {{ '2016-10-28T18:11:09+0000' | timeago}} • Webcast

$PSX's worldwide crude utilization rate was 97% and expected to be in the low 90s for FY16. Realized margins were $7.23 per barrel, resulting in an overall market capture of 56%.

$PSX {{ '2016-10-28T18:10:53+0000' | timeago}} • Webcast

$PSX's FY16 capital expenditures are expected to be approx. $3Bil, down from $3.9Bil initially budgeted. This reduction is primarily driven by Midstream project cancellations and deferrals, as well as the impact of project financing. FY17 CapEx is expected to be less than $3Bil.

$PSX {{ '2016-10-28T11:27:18+0000' | timeago}} • Announcement

$PSX's Midstream segment's 3Q16 earnings were up 92% to $75MM. Chemicals segment earnings were $101MM. Refining's earnings were $177MM and Marketing and Specialties' earnings were $267MM.

$PSX {{ '2016-10-28T11:26:29+0000' | timeago}} • Announcement

$PSX posted 3Q16 earnings of $511MM or $0.96 per share, up 3% from $496MM or $0.93 per share in 2Q16. Adjusted earnings increased $57MM to $556MM.

$PSX {{ '2016-10-07T14:58:51+0000' | timeago}} • Announcement

$PSX's BoD declared a quarterly dividend of 63 cents per common share. The dividend is payable on Dec. 1, 2016 to shareholders of record on Nov. 17, 2016.

$PSX {{ '2016-10-07T13:28:46+0000' | timeago}} • Announcement

$PSX's BoD elected Denise Ramos and Gary Adams to serve as independent directors. This increases total number of $PSX's directors to 10. Ramos will serve on Audit and Finance Committee, the Nominating and Governance Committee and Public Policy Committee. Adams will serve on Human Resources and Compensation Committee and Public Policy Committee.

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