Latest Phillips 66 News

Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations

Nov. 21, 2024 17:24 PM EST

LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California, authorities said Thursday. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater...

Phillips 66: Q3 Earnings Snapshot

Oct. 29, 2024 07:16 AM EDT

HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Tuesday reported third-quarter net income of $346 million. The Houston-based company said it had profit of 82 cents per share. Earnings, adjusted for one-time gains and costs, came to $2.04 per share. The results...

Oil company Phillips 66 says it will shut down Los Angeles-area refinery

Oct. 16, 2024 22:48 PM EDT

LOS ANGELES (AP) — Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The refinery accounts for about 8% of California's refining capacity, according to the state's Energy Commission. The...