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Stock Market & Financial Investment News

News Breaks
June 30, 2014
11:36 EDTCVX, PSXChevron Phillips Chemical to expand alpha olefins capacity at Cedar Bayou
Chevron Phillips Chemical announced it received board of directors approval and obtained the necessary environmental permit from the Texas Commission on Environmental Quality to expand normal alpha olefins production capacity at its Cedar Bayou plant in Baytown, Texas. This investment will provide an additional 100,000 metric tons per year of capacity. Construction completion is anticipated in July, 2015. Chevron Phillips Chemical is equally owned by an indirect wholly-owned subsidiary of Chevron (CVX) and by wholly-owned subsidiaries of Phillips 66 (PSX).
News For CVX;PSX From The Last 14 Days
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July 31, 2014
15:38 EDTCVXNotable companies reporting before tomorrow's open
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July 30, 2014
11:50 EDTPSXPhillips 66 says considering general condensate infrastructure
Says considering general condensate infrastructure, including gathering pipelines and export facilities in addition to Splitter.
11:17 EDTPSXPhillips 66 sees Q3 effective tax rate in the mid-30% range
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08:26 EDTCVXChevron August weekly volatility elevated into Q2
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08:03 EDTPSXPhillips 66 reports Q2 EPS $1.51, consensus $1.70
Q2 earnings related to the company’s equity investment in DCP Midstream were $33M compared with $83M in Q1. The decrease reflects lower gains recorded by Phillips 66 on unit issuances of DCP Midstream Partners. Additionally, earnings were impacted by increased maintenance activity and lower NGL prices, partially offset by improved volumes. Midstream earnings were $108M in Q2, compared with earnings of $188M in Q1.
July 29, 2014
15:53 EDTPSXNotable companies reporting before tomorrow's open
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July 21, 2014
09:00 EDTCVXChevron's Pascagoula refinery begins commercial production
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