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HomePhillips 66

Phillips 66

Phillips 66
Finance

Phillips 66 to Acquire Midstream NGL Assets in Permian from EPIC

January 7, 2025 Clark Savage

Phillips 66 has signed a deal to acquire EPIC Y-Grade GP LLC and EPIC Y-Grade LP for $2.2 billion, expanding its midstream footprint in the Permian Basin. The two, part of EPIC Consolidated Operations LLC, […]

CO2 & GHG

President Trump Taps Chris Wright

November 18, 2024 Clark Savage

Daily Standup Top Stories Trump Picks Oil Field Services Boss Chris Wright as Energy Secretary November 16, 2024 Clark Savage ENB Pub Note: President Trump has committed to lowering our energy bills by 50%, and he […]

Commodities

US Breaks Dependence on Gasoline Imports – depending on what part of the country your located

November 17, 2024 Clark Savage

In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into […]

Phillips 66
Finance

Phillips 66 to acquire Pinnacle Midstream

May 21, 2024 Clark Savage

Phillips 66 announced it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand its natural gas gathering and […]

Phillips 66
Downstream

Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital

May 21, 2024 Clark Savage

Transaction advances company’s wellhead-to-market strategy HOUSTON, May 20, 2024–(BUSINESS WIRE)–Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration […]

Phillips 66
Big Oil Companies

Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say

March 27, 2024 Clark Savage

March 26 (Reuters) – U.S. oil refiner Phillips 66 (PSX.N),  is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people […]

Big Oil Companies

Chicago sues oil companies for causing climate change, points to 1995 heat wave

February 21, 2024 Stu Turley

ENB Pub Note: This is a total weaponization of the legal system for fraudulent reasons. Facts, fiscal responsibility and physics matter when dealing with the cost of energy. The city of Chicago filed a sprawling lawsuit against […]

Downstream

Phillips 66 in talks for non-core assets sale: CEO

January 5, 2024 Stu Turley

Investing U.S. refiner and petrochemical manufacturer Phillips 66 (NYSE:PSX) is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference. Last year, the company […]

Elliott
Downstream

Activist investor Elliott buys $1-billion stake in U.S. refiner Phillips 66

November 30, 2023 Stu Turley

Oil Price Elliott Investment Management, an activist investment group, said on Wednesday it had amassed a $1-billion stake in one of the largest U.S. refiners, Phillips 66, and expressed dissatisfaction with the company’s underperformance in recent years. […]

Phillips
Downstream

Phillips 66 Attracts Investor Attention with Recent Developments in Oil and Gas Industry

April 24, 2023 Clark Savage

Recent developments in the oil and gas industry have attracted the attention of investors around the world. One particular company, Phillips 66 (NYSE:PSX), has been in the spotlight after GW Henssler & Associates Ltd. decreased […]

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