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Stock Market & Financial Investment News

News Breaks
January 29, 2014
08:04 EDTPSX, PSXPPhillips 66 growing Midstream and Chemicals through $4.6B capital program
Phillips 66 is growing its Midstream and Chemicals segments, while enhancing returns in Refining. As previously announced, the company is implementing this strategy through its planned $4.6B 2014 capital program, including its share of joint venture capital spending of $1.9B. In Midstream, as previously announced, the company is advancing development of a 100,000 barrel-per-day natural gas liquids fractionator to be located in Old Ocean, Texas. Phillips 66 also expects to build a liquefied petroleum gas terminal in Freeport, Texas, to help meet growing global demand. Final investment decisions for these projects will be submitted for board approval during the first quarter of 2014. The company will also seek growth opportunities through Phillips 66 Partners (PSXP). By the end of the fourth quarter, the company’s Transportation business had taken delivery of all 2,000 railcars it ordered in 2012. The new railcars are being used to transport advantaged crude to Phillips 66 refineries. The company successfully completed an open-season for the Cross-Channel Connector project, which will include reactivating an idled pipeline to connect refineries and storage terminals on the south side of the Houston Ship Channel with pipeline systems on the north side.
News For PSX;PSXP From The Last 14 Days
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April 23, 2014
14:57 EDTPSXPPhillips 66 Partners raises Q1 distribution 22% to 27.43c per unit
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April 22, 2014
07:37 EDTPSXIncreased refiner exporting playing a role in high gas prices, WSJ says
Gasoline futures climbed a bit over 1% a gallon Monday and are up 11% for the year. While gasoline prices often rise ahead of summer, more gasoline being exported by refiners plays a "prominent" role in the current rally, said The Wall Street Journal, citing analysts. Publicly traded refiners include HollyFrontier (HFC), Marathon Oil (MRO), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Reference Link
April 15, 2014
10:00 EDTPSXOn The Fly: Analyst Downgrade Summary
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08:50 EDTPSXPhillips 66 downgraded to Accumulate from Buy at Tudor Pickering
April 13, 2014
19:44 EDTPSXPhillips 66 halts sale efforts for Irish refinery, Independent says
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