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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:26 EDTSE, PSXPhillips 66 sees DCP Midstream to spend $5B-$7B on growth in 2011-15
DCP Midstream, the 50/50 joint venture of Phillips 66 (PSX) and Spectra Energy (SE), seen growing processing volume to about 6.0 bcf/d by 2015 from 5.4 bcf/d in 2011. Phillips 66 sees DCP Midstream adding 8 or more plants by 2015 and growing assets to over $15B from about $10B in 2011. Sees JV's NGL production growing to over 500 MBPD by 2015. Comments from slides for analyst day.
News For PSX;SE From The Last 14 Days
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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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09:18 EDTSESpectra Energy elects CEO Gregory Ebel as chair of the board of directors
Spectra Energy announced that the board of directors has elected Gregory L. Ebel to serve as chair of the board of directors. Ebel, who has been president and CEO since January 2009, replaces William T. Esrey who is retiring after serving as chair for the past five years. The company also announced that F. Anthony Comper has been elected as independent lead director. Comper, originally elected to the board in 2007, is the former chair and retired president and CEO of BMO Financial Group and will serve as a member of Spectra Energy's corporate governance and audit committees. Both of these appointments will be effective immediately.
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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