Phillips 66 (PSX)

Phillips 66 to announce second-quarter financial resultsJune 24, 2026 4:30 PM
Business Wire Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Wednesday, Aug. 5, 2026, to discuss the company’s second-quarter 2026 financial results, which will be released earlier that day. To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay of the webcast and a transcript will be available on the Events and Presentations page after the event. About Phillips 66 Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Texas, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20260624240592/en/ Investor Relations
investorrelations@p66.com Media Relations
phillips66media@p66.com Original: Phillips 66 to announce second-quarter financial results

Kanin Energy Develops 7 MW Waste Heat to Power Project at Colorado Gas PlantJune 23, 2026 7:00 AM
PR Newswire (US) HOUSTON, June 23, 2026 /PRNewswire/ -- Kanin Energy today announced plans to develop a 7-megawatt waste heat to power (WHP) facility at the Phillips 66 Mewbourn natural gas processing complex in Platteville, Colorado. The project represents an innovative collaboration that leverages industrial waste heat to generate onsite, baseload power, supporting plant reliability and long-term operational resilience while reducing the facility's environmental footprint. The WHP system captures waste heat from gas compression turbines and converts it into reliable, lower-emissions intensity power for direct use at the Phillips 66 Mewbourn complex. This project is expected to lower long-term power costs and reduce greenhouse gas emissions. Construction is expected to begin later this year.Under the project structure, Kanin Energy will develop, own, and operate the WHP facility, delivering a turnkey solution that enables Phillips 66 to unlock the value of its waste heat resources without upfront capital investment."We are excited to be working on this project with Phillips 66, a company that demonstrates a genuine commitment to innovation and continuous improvement at their operations. Helping industry unlock new value from their existing operations and save on energy costs is core to Kanin Energy's mission. This project with Phillips 66 is a strong example of the kind of collaboration that makes this vision a reality." said Janice Tran, CEO at Kanin Energy."This waste heat to power project at our Mewbourn plant is another example of how we are investing in innovative technologies that support safe, reliable operations and strengthen the long-term resilience of our system," said Michelle Hilger, Vice President, Phillips 66 Technical Services and Innovation. "It reflects our team's focus on continuous improvement and innovation as we look for new ways to enhance performance and reduce our environmental footprint."About Kanin EnergyKanin Energy is a technology-agnostic, developer, owner, and operator of industrial energy assets including Waste Heat to Power (WHP) and Combined Heat & Power (CHP). They bring expertise in designing, building, and operating power generation and thermal systems, structuring long-term offtake and interconnection agreements, as well as sourcing capital to finance major infrastructure projects for industrial operators. For more information, visit kaninenergy.com.About Phillips 66Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn. View original content to download multimedia:https://www.prnewswire.com/news-releases/kanin-energy-develops-7-mw-waste-heat-to-power-project-at-colorado-gas-plant-302807190.htmlSOURCE Kanin Energy Original: Kanin Energy Develops 7 MW Waste Heat to Power Project at Colorado Gas Plant

Phillips 66 to Speak at J.P. Morgan 2026 Energy, Power, Renewables & Mining ConferenceJune 9, 2026 4:30 PM
Business Wire Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), will participate in a fireside chat at the J.P. Morgan 2026 Energy, Power, Renewables & Mining Conference at 8:00 a.m. ET on Tuesday, June 23, 2026. Also in attendance will be Kevin Mitchell, executive vice president and CFO, and Sean Maher, vice president of Investor Relations and Chief Economist. To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay will be archived on the Events and Presentations page the day after the event, and a transcript will be available at a later date. About Phillips 66 Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Texas, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609517200/en/ Investor Relations
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phillips66media@p66.com Original: Phillips 66 to Speak at J.P. Morgan 2026 Energy, Power, Renewables & Mining Conference

Phillips 66 unveils new gas processing and fractionation projects in Texas (PSX)May 18, 2026 8:45 AM
IH Market News Phillips 66 (NYSE:PSX) announced plans to develop two new midstream infrastructure projects, including the Zeus Gas Plant and a third Coastal Bend Fractionator, with both facilities expected to begin operations in 2028. New Permian gas plant to expand processing capacity The Zeus project will consist of a natural gas processing facility capable of handling 300 million cubic feet per day in the Permian Basin.As part of the development, Phillips 66 will also construct the Midland Express Pipeline, a 45-mile, 20-inch pipeline designed to connect the company’s Permian gathering systems.The pipeline is expected to transport up to 230 million cubic feet per day of wellhead natural gas. Coastal Bend expansion targets rising NGL demand The company also plans to build a third Coastal Bend Fractionator in Robstown, Texas.The facility will have the capacity to process 100,000 barrels per day of natural gas liquids and will include expansions to NGL purity pipeline infrastructure along with additional water treatment facilities.“Zeus Gas Plant and a third Coastal Bend Fractionator will strengthen our ability to move growing Permian volumes across an integrated value chain, from the wellhead to key market centers,” said Don Baldridge, executive vice president of Midstream at Phillips 66. Projects remain within capital spending targets Phillips 66 said both developments fit within the company’s previously announced annual capital spending framework of between $2.0 billion and $2.5 billion.The company also reaffirmed its commitment to lowering total debt to $17 billion by the end of 2027 while returning more than 50% of net operating cash flow, excluding working capital effects, to shareholders.According to Phillips 66, the projects are intended to support expected growth in Permian Basin production from customer-dedicated acreage by increasing gas processing and fractionation capacity over the coming years.Phillips 66 stock price Original: Phillips 66 unveils new gas processing and fractionation projects in Texas (PSX)

Phillips 66 announces Zeus Gas Plant and a third Coastal Bend Fractionator, advancing integrated wellhead-to-market strategy in the Permian and on the Gulf CoastMay 18, 2026 7:00 AM
Business Wire Phillips 66 today announced it is moving forward with the Zeus Gas Plant and a third Coastal Bend Fractionator, two projects that will advance its integrated wellhead-to-market strategy, thereby expanding gas processing capacity in the Permian and NGL fractionation capabilities on the Gulf Coast. Zeus will be a 300 MMcf/d gas processing facility in the Permian and will include the new Midland Express (MEX) Pipeline, an approximately 45-mile, 20-inch line integrating Phillips 66’s Permian Basin gathering systems. Expected to come online with the Zeus processing plant, MEX will be able to move up to 230 MMcf/d of wellhead gas and provide future bi-directional flexibility between multiple processing facilities. The third Coastal Bend Fractionator, previously referenced as Corpus Christi Fractionator, or BTT2, will be a 100 MBD natural gas liquids (NGL) fractionator in Robstown, Texas, including NGL purity pipeline expansion and water treatment facilities. Both projects are expected to be online in 2028. "Zeus Gas Plant and a third Coastal Bend Fractionator will strengthen our ability to move growing Permian volumes across an integrated value chain, from the wellhead to key market centers," said Don Baldridge, executive vice president, Midstream, Phillips 66. "These projects will enhance system connectivity, increase processing and fractionation capacity, and position us to serve customers while capturing additional value across our Midstream network." Zeus Gas Plant and the third Coastal Bend Fractionator are included in Phillips 66’s capital spending program and fall within the company’s stated $2.0 billion to $2.5 billion capital spending range. This is consistent with Phillips 66’s commitment to reduce debt to $17 billion by year-end 2027 and return more than 50% of net operating cash flow, excluding working capital, to shareholders. The projects will support growing Permian production from Phillips 66 customers’ dedicated acreage by adding the processing and fractionation capacity needed to move increasing volumes efficiently through Phillips 66’s integrated system. With Permian production expected to grow over the next five years, Zeus and the third Coastal Bend Fractionator will help connect advantaged supply to downstream assets and premium markets. About Phillips 66 Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn. Important Information Relating to Forward-Looking Statements Phillips 66: This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies relating to NGL, crude oil, natural gas, refined petroleum or renewable fuels products pricing, regulation or taxation, including exports; our ability to timely obtain or maintain permits, including those necessary for capital projects; fluctuations in NGL, crude oil, refined petroleum products, renewable fuels, renewable feedstocks and natural gas prices, and refined product, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for our products; changes to government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; liability resulting from pending or future litigation or other legal proceedings; liability for remedial actions, including removal and reclamation obligations under environmental regulations; unexpected changes in costs or technical requirements for constructing, modifying or operating our facilities or transporting our products; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected technological or commercial difficulties in manufacturing, refining or transporting our products, including chemical products; the level and success of producers’ drilling plans and the amount and quality of production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; changes in the cost or availability of adequate and reliable transportation for our NGL, crude oil, natural gas and refined petroleum and renewable fuels products; failure to complete definitive agreements and feasibility studies for, and to complete construction of, announced and future capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance; limited access to capital or significantly higher cost of capital related to our credit profile or illiquidity or uncertainty in the domestic or international financial markets; damage to our facilities due to accidents, weather and climate events, civil unrest, insurrections, political events, terrorism or cyberattacks; domestic and international economic and political developments including war and armed hostilities, instability in the financial services and banking sector, excess inflation, expropriation of assets and changes in fiscal policy, including interest rates; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and properties, plants and equipment and/or strategic decisions or other developments with respect to our asset portfolio that cause impairment charges; substantial investments required, or reduced demand for products, as a result of existing or future environmental rules and regulations, including greenhouse gas emissions reductions and reduced consumer demand for refined petroleum products; changes in tax, environmental and other laws and regulations (including alternative energy mandates) applicable to our business; political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of our joint ventures that we do not control; the potential impact of activist shareholder actions or tactics; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the U.S. Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260517310811/en/ Phillips 66 Investor Relations
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phillips66media@p66.com Original: Phillips 66 announces Zeus Gas Plant and a third Coastal Bend Fractionator, advancing integrated wellhead-to-market strategy in the Permian and on the Gulf Coast

Phillips 66 Appoints Greg Hayes as Lead Independent DirectorMay 13, 2026 1:11 PM
Business Wire Phillips 66 (NYSE: PSX) today announced that the Board of Directors has appointed Greg Hayes to serve as lead independent director, effective immediately. “We are pleased to have Greg step into the role of Lead Independent Director," said Mark Lashier, Chairman and Chief Executive Officer of Phillips 66. “His distinguished leadership experience and deep knowledge of Phillips 66 position him well for this responsibility. I look forward to his leadership.” As previously disclosed, Glenn Tilton and Marna Whittington did not stand for re-election at Phillips 66’s Annual Meeting of Shareholders and accordingly retired from the Board at the end of their terms. Doug Terreson will succeed Whittington as Chair of the Audit and Finance Committee. Tilton, who served as Lead Independent Director, echoed Lashier’s praise for Hayes, “Greg’s sound and practical perspectives have been valuable assets to the Board over the past four years. I have enjoyed working with him and have full confidence in his ability to serve as Lead Independent Director.” “I want to thank Glenn and Marna for their substantial contributions to the Board and for their years of dedicated service to Phillips 66,” said Hayes. “Looking ahead, the Board is confident in our strategy and ability to drive consistent, compelling value for our shareholders.” About Phillips 66 Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513220336/en/ Investor Relations
investorrelations@p66.com Media Relations
phillips66media@p66.com Original: Phillips 66 Appoints Greg Hayes as Lead Independent Director

Markets Steady Ahead of Fed Decision and Key Tech Earnings: Dow Jones, S&P, Nasdaq, Wall Street FuturesApril 29, 2026 5:16 AM
IH Market News
U.S. equity futures were slightly higher on Wednesday but remained close to flat, as investors braced for a wave of major announcements that could influence market direction. The Federal Reserve is widely expected to leave interest rates unchanged, though reports suggest it may adopt a more hawkish tone in its policy statement. At the same time, several mega-cap technology firms are set to report earnings, with particular focus on their spending around artificial intelligence. In Europe, a heavy slate of corporate results is also underway, while Donald Trump has reportedly instructed aides to prepare for a prolonged blockade of Iranian ports.



Futures Tick Slightly Higher



U.S. stock futures moved modestly higher early in the session, ahead of what is shaping up to be one of the busiest trading days of the year.As of 03:26 ET, Dow futures were up 47 points, or 0.1%, S&P 500 futures gained 5 points, or 0.1%, and Nasdaq 100 futures rose 85 points, or 0.3%.Wall Street’s main indices declined in the previous session, largely due to concerns about the financial health of OpenAI after a report from The Wall Street Journal indicated the company had missed certain revenue and user targets. Stocks linked to OpenAI, either through partnerships or investments, also came under pressure.Meanwhile, ongoing tensions between the U.S. and Iran continued to weigh on sentiment, with stalled negotiations delaying any reopening of the Strait of Hormuz, which has effectively been shut to shipping for weeks. Oil prices have risen as a result, raising concerns about inflation and global growth.Despite these headwinds, corporate earnings have shown resilience. According to Reuters, just over one-third of S&P 500 sectors have reported results so far, with 81% of companies exceeding expectations.



Fed Decision in Focus



The Federal Reserve is expected to keep its benchmark interest rate unchanged within a range of 3.5% to 3.75% at the conclusion of its two-day meeting, as policymakers assess the inflationary impact of geopolitical tensions.Reports from the The Wall Street Journal suggest the Fed could adjust its forward guidance in a more hawkish direction by removing references to potential rate cuts in 2026.The meeting may also mark one of the final press conferences by Fed Chair Jerome Powell, whose term is set to expire in May.“Powell’s (supposedly) final press conference shouldn’t rock the boat, but he could err a bit on the hawkish side given the lack of progress in the Gulf,” analysts at ING Group said in a note.Former Fed Governor Kevin Warsh has been nominated by Trump as Powell’s successor, with the Senate Banking Committee expected to vote on his confirmation this week.



Tech Earnings Take Center Stage



Investors are also closely watching a wave of earnings reports, particularly from major technology firms whose heavy investment in AI has fueled recent market gains.Alphabet Inc. (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Meta Platforms (NASDAQ:META) are all scheduled to release results after the close.Following the negative sentiment sparked by the OpenAI report, these earnings will serve as a key test for confidence in the AI-driven market rally.“[P]articipants will be looking not only for the classic ‘beat and raise’ from these ‘Magnificent Seven’ names, but also for clarity as to the scale of capital expenditure over coming quarters, the source of that expenditure, and the timeframe over which a return on said investment is likely to be achieved,” said Michael Brown.“With the sector coming into earnings, essentially, at record highs, we are to a degree ‘priced for perfection’, leaving little room for disappointment, and with the market hence likely to punish any sub-par reports.”Beyond tech, companies including AbbVie (NYSE:ABBV), Regeneron Pharmaceuticals (NASDAQ:REGN), and Phillips 66 (NYSE:PSX) are also due to report.



European Earnings Flood Markets



Amid the ongoing geopolitical uncertainty, several major European companies released results earlier in the day.Adidas AG saw its shares jump more than 7% after reporting stronger-than-expected first-quarter operating profit, despite a “very volatile and heavily discounted” retail environment.UBS Group AG rose after posting an 80% increase in quarterly profit, supported by strong trading and client activity linked to market volatility.STMicroelectronics advanced to its highest level since 2024 following better-than-expected results.Airbus SE edged higher after reaffirming its annual delivery targets, even as it faces supply challenges from Pratt & Whitney.Mercedes-Benz Group AG posted modest gains despite weaker revenue, while Banco Santander hovered near flat after reporting a 12.5% rise in underlying profit.



Trump Prepares for Extended Iran Blockade



Donald Trump has instructed his team to prepare for a prolonged blockade of Iran, according to a report by the The Wall Street Journal.Citing U.S. officials, the report said the strategy would focus on intensifying pressure on Iran’s oil exports and restricting shipping access, with a blockade seen as a lower-risk option compared to renewed large-scale military action or rapid diplomatic efforts.This approach follows a ceasefire in April that halted a major bombing campaign but left regional tensions unresolved.According to the report, Trump recently rejected a three-step proposal from Iran that would have allowed an early reopening of the Strait of Hormuz while postponing nuclear negotiations, considering it insufficient to meet U.S. demands.The report added that Trump remains firm on requiring Iran to suspend uranium enrichment for at least 20 years and accept additional long-term restrictions.Alphabet stock priceMicrosoft stock priceAmazon stock priceMeta stock priceAbbVie stock priceRegeneron Pharmaceuticals stock pricePhillips 66 stock price

Original: Markets Steady Ahead of Fed Decision and Key Tech Earnings: Dow Jones, S&P, Nasdaq, Wall Street Futures

Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assetsApril 28, 2026 3:00 AM
Business Wire
Phillips 66 Limited today announced it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Limited (in Liquidation). The transaction comes after the company previously agreed to the deal in January, stating its intention to integrate key assets into its Humber Refinery operations.


“Completing this transaction allows Phillips 66 to play an even stronger role in supporting the UK’s fuel supply and the resilience of this critical energy infrastructure,” said Paul Fursey, Phillips 66 Limited UK lead executive. “This strategic move will unlock new growth opportunities for traditional and renewable fuels and help protect UK energy security at a time when domestic production is under pressure.”


When integrated with the Humber site, Phillips 66 Limited plans to leverage storage and other infrastructure assets to enhance Humber Refinery operations and improve fuel supply to UK customers.


About Phillips 66 Limited


Phillips 66 Limited is a wholly owned subsidiary of Phillips 66, a leading integrated downstream energy provider. Operating in the UK for over 60 years, Phillips 66 Limited owns and operates the Humber Refinery in North Lincolnshire, which contributes to the UK’s demand for liquid fuels used in transport, heating and power. The company also supports a network of more than 330 JET-branded independent dealer-owned and company-owned retail sites across the UK.


Phillips 66 Limited is investing in the UK’s energy future. The Humber Refinery continues to produce sustainable aviation fuel (SAF), graphite coke for electric vehicle batteries, petrochemical feedstocks and transportation fuels. Through strategic acquisitions and infrastructure integration, the company is strengthening its refining capabilities and distribution network to support long-term energy resilience and regional economic growth.


About Phillips 66


Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, TX, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260427046524/en/
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Original: Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets

Phillips 66 and Kinder Morgan Advance Western Gateway Pipeline Project Following Successful Open SeasonApril 20, 2026 7:00 AM
Business Wire
Phillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced the advancement of the Western Gateway Pipeline (Western Gateway), a proposed refined products pipeline system, following a successful second open season that secured long-term shipper commitments sufficient to move the project forward, subject to the execution of definitive transportation service agreements, joint venture agreements, and respective board approvals.


“Customer response during the open season underscores the importance of Western Gateway in addressing long-term refined products logistics needs in the region,” said Phillips 66 Chairman and CEO Mark Lashier. “Strong market interest validates the role this project can play in improving supply flexibility and reliability for West Coast markets.”


“We’re pleased to be able to use our existing assets to leverage growth opportunities for the Arizona and California markets,” said Kinder Morgan CEO Kim Dang. “By utilizing existing pipeline assets across multiple states along the route, we’re uniquely well-positioned to support a refined products transportation solution.”


The Western Gateway Pipeline will connect Midwest and Gulf Coast refinery supply to Phoenix, Arizona and California markets with connectivity to Las Vegas, Nevada via Kinder Morgan’s CALNEV Pipeline. The Western Gateway Pipeline will consist of a new-build pipeline from Borger, Texas to Phoenix, Arizona, combined with Kinder Morgan’s existing SFPP, L.P. pipeline from Colton, California to Phoenix, Arizona, which will be reversed to enable east to west product flows into California. The Western Gateway Pipeline will be fed from Midwest and Gulf Coast supplies connected to Borger, Texas. The Gold Pipeline, operated by Phillips 66, which currently flows from Borger to St. Louis, will be reversed to enable refined products from Midwest and Gulf Coast refineries to flow toward Borger and supply the Western Gateway Pipeline.


The project is targeting an in-service date of mid-2029.


For more information about the project, visit https://westerngatewaypipeline.com/


About Phillips 66


Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.


About Kinder Morgan


Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of the people, communities, and businesses we serve. We own an interest in or operate approximately 78,000 miles of pipelines, 136 terminals, more than 700 billion cubic feet of working natural gas storage capacity, and have renewable natural gas generation capacity of approximately 6.9 Bcf per year of gross production. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2, renewable fuels and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, jet fuel, chemicals, metals, petroleum coke, and ethanol and other renewable fuels and feedstocks. Learn more about our work advancing energy solutions on the lower carbon initiatives page at www.kindermorgan.com.


Important Information Relating to Forward-Looking Statements


Phillips 66:


This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies relating to NGL, crude oil, natural gas, refined petroleum or renewable fuels products pricing, regulation or taxation, including exports; our ability to timely obtain or maintain permits, including those necessary for capital projects; fluctuations in NGL, crude oil, refined petroleum products, renewable fuels, renewable feedstocks and natural gas prices, and refined product, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for our products; changes to government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; liability resulting from pending or future litigation or other legal proceedings; liability for remedial actions, including removal and reclamation obligations under environmental regulations; unexpected changes in costs or technical requirements for constructing, modifying or operating our facilities or transporting our products; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected technological or commercial difficulties in manufacturing, refining or transporting our products, including chemical products; the level and success of producers’ drilling plans and the amount and quality of production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; changes in the cost or availability of adequate and reliable transportation for our NGL, crude oil, natural gas and refined petroleum and renewable fuels products; failure to complete definitive agreements and feasibility studies for, and to complete construction of, announced and future capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance; limited access to capital or significantly higher cost of capital related to our credit profile or illiquidity or uncertainty in the domestic or international financial markets; damage to our facilities due to accidents, weather and climate events, civil unrest, insurrections, political events, terrorism or cyberattacks; domestic and international economic and political developments including armed hostilities, such as the war in Eastern Europe, instability in the financial services and banking sector, excess inflation, expropriation of assets and changes in fiscal policy, including interest rates; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and properties, plants and equipment and/or strategic decisions or other developments with respect to our asset portfolio that cause impairment charges; substantial investments required, or reduced demand for products, as a result of existing or future environmental rules and regulations, including greenhouse gas emissions reductions and reduced consumer demand for refined petroleum products; changes in tax, environmental and other laws and regulations (including alternative energy mandates) applicable to our business; political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of our joint ventures that we do not control; the potential impact of activist shareholder actions or tactics; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the U.S. Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.


Kinder Morgan, Inc. (KMI):


This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Generally, the words “expects,” “believes,” “anticipates,” “plans,” “will,” “shall,” “estimates,” “projects,” and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements in this news release include, among others, express or implied statements pertaining to the proposed Western Gateway Pipeline project and partnership between Phillips 66 and KMI. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize nor their ultimate impact on our operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include: changes in tariffs and trade restrictions; repercussions of recent armed conflicts between Israel and Hamas and between the U.S., Israel and Iran, including commodity price volatility and potential adverse effects on financial and economic conditions; the parties’ ability to negotiate terms of the proposed partnership; and other risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2025 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere), and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260419746999/en/
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Original: Phillips 66 and Kinder Morgan Advance Western Gateway Pipeline Project Following Successful Open Season

Phillips 66 Announces Quarterly DividendApril 17, 2026 6:00 PM
Business Wire
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock. The dividend is payable on June 1, 2026, to shareholders of record as of the close of business on May 18, 2026.


About Phillips 66


Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, TX, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260417610400/en/
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Original: Phillips 66 Announces Quarterly Dividend

200 on the way

Phillips 66 to announce first-quarter financial resultsMarch 23, 2026 8:00 AM
Business Wire
Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Wednesday, April 29, 2026, to discuss the company’s first-quarter 2026 financial results, which will be released earlier that day.


To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.


About Phillips 66


Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Texas, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260318091074/en/
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Original: Phillips 66 to announce first-quarter financial results

Phillips 66 to speak at Piper Sandler 26th Annual Energy ConferenceMarch 12, 2026 4:30 PM
Business Wire
Phillips 66 (NYSE: PSX) executives will participate in a fireside chat at the Piper Sandler 26th Annual Energy Conference at 1:30 p.m. ET on Tuesday, March 17, 2026.


Participants will include Kevin Mitchell, Executive Vice President and CFO, and Richard Harbison, Executive Vice President, Refining, who will discuss the company’s outlook, strategic execution across its segments and commitment to disciplined capital allocation.


To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay will be archived on the Events and Presentations page the day after the event, and a transcript will be available at a later date.


About Phillips 66


Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Texas, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312277705/en/
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Original: Phillips 66 to speak at Piper Sandler 26th Annual Energy Conference

Phillips 66 Appoints Howard Ungerleider and Kevin Meyers to Board of DirectorsMarch 8, 2026 1:00 PM
Business Wire
Appointments follow constructive engagement with Elliott Investment Management and will strengthen the Board with financial, operational, and energy expertise


Phillips 66 (NYSE: PSX) today announced that it has appointed Howard Ungerleider and Kevin Meyers to serve on the Company’s Board of Directors, effective immediately.


"Phillips 66 is pleased to welcome Howard and Kevin to our board," said Mark Lashier, Chairman and Chief Executive Officer of Phillips 66. "Howard brings exceptional financial leadership and deep expertise in large-scale industrial transformation, and Kevin brings more than 40 years of hands-on energy sector experience.”


Lashier continued, “We have made significant progress – in portfolio focus, capital discipline, and operational performance – and we appreciate the continued constructive engagement with Elliott and look forward to building on the strong momentum we have established."


“We are pleased with the additions of Howard and Kevin to the Phillips 66 Board, and we welcome the expertise they will bring,” said John Pike, Partner, and Mike Tomkins, Partner, at Elliott Investment Management. “Elliott believes that Phillips 66’s asset quality and market position create a compelling opportunity for value creation, and we are encouraged by the Company’s efforts to bring fresh perspectives to the Board. While more work must be done, we note the team’s focus on execution, capital return and the actions to enhance the Company’s advantaged mid-continent position. Our engagement with the Board over the past year has been constructive. As one of Phillips 66’s largest investors, we will remain engaged with management and the Board in their work to realize the Company’s full value.”


As previously announced, Glenn Tilton and Marna Whittington, Class II directors with terms concluding in 2026, have informed the Company that they intend to retire and will not stand for re-election to the Phillips 66 Board of Directors at the Company’s next annual meeting of shareholders in May 2026. Following the annual meeting, the Board will consist of 14 directors, 13 of whom are independent. Ungerleider will serve as a Class II director and Meyers will serve as a Class III director, and the Company’s director nominees for election at its 2026 annual meeting of shareholders will be Ungerleider and the Company’s other Class II directors, Gregory J. Hayes, Charles M. Holley and Denise R. Singleton.


About Howard Ungerleider


Ungerleider has more than 30 years of financial and operational leadership across the chemical, packaging, and specialty materials sectors. He served as President and Chief Financial Officer of Dow Inc. and as Chief Financial Officer of DowDuPont, the $86 billion holding company formed through the merger of Dow and DuPont, where he oversaw its separation into three independent publicly traded companies. He currently serves as an Operating Advisor at Clayton Dubilier & Rice and holds board positions at Air Products, American Airlines, and Kyndryl. He holds an M.B.A. from UCLA Anderson School of Management and a B.B.A. from the University of Texas at Austin.


About Kevin Meyers


Meyers has more than 40 years of experience in the oil and gas industry. He retired from ConocoPhillips in 2010 after serving as Senior Vice President, Exploration and Production, Americas; Regional President for Canada, Russia, Alaska and the Caspian region; and President of ConocoPhillips Alaska. Prior to ConocoPhillips, he spent 20 years at ARCO, ultimately serving as President of ARCO Alaska. Meyers currently serves as a director of Precision Drilling Corporation and previously served on the boards of Hess, Denbury, Hornbeck Offshore Services, Bill Barrett Corporation, and LUKOIL. He holds a Ph.D. in Chemical Engineering from MIT and bachelor's degrees in Chemistry and Mathematics from Capital University.


About Phillips 66


Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.


Cautionary Statement for the Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995


This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies relating to NGL, crude oil, natural gas, refined petroleum or renewable fuels products pricing, regulation or taxation, including exports; our ability to timely obtain or maintain permits, including those necessary for capital projects; fluctuations in NGL, crude oil, refined petroleum products, renewable fuels, renewable feedstocks and natural gas prices, and refined product, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for our products; changes to government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; liability resulting from pending or future litigation or other legal proceedings; liability for remedial actions, including removal and reclamation obligations under environmental regulations; unexpected changes in costs or technical requirements for constructing, modifying or operating our facilities or transporting our products; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected technological or commercial difficulties in manufacturing, refining or transporting our products, including chemical products; the level and success of producers’ drilling plans and the amount and quality of production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; changes in the cost or availability of adequate and reliable transportation for our NGL, crude oil, natural gas and refined petroleum and renewable fuels products; failure to complete definitive agreements and feasibility studies for, and to complete construction of, announced and future capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance; limited access to capital or significantly higher cost of capital related to our credit profile or illiquidity or uncertainty in the domestic or international financial markets; damage to our facilities due to accidents, weather and climate events, civil unrest, insurrections, political events, terrorism or cyberattacks; domestic and international economic and political developments including armed hostilities, such as the war in Eastern Europe, instability in the financial services and banking sector, excess inflation, expropriation of assets and changes in fiscal policy, including interest rates; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and properties, plants and equipment and/or strategic decisions or other developments with respect to our asset portfolio that cause impairment charges; substantial investments required, or reduced demand for products, as a result of existing or future environmental rules and regulations, including greenhouse gas emissions reductions and reduced consumer demand for refined petroleum products; changes in tax, environmental and other laws and regulations (including alternative energy mandates) applicable to our business; political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of our joint ventures that we do not control; the potential impact of activist shareholder actions or tactics; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260308333198/en/
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Original: Phillips 66 Appoints Howard Ungerleider and Kevin Meyers to Board of Directors

Phillips 66 Announces Increase in Quarterly DividendFebruary 11, 2026 11:30 AM
Business Wire
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock, representing a $0.07 increase. The dividend is payable on March 4, 2026, to shareholders of record as of the close of business on Feb. 23, 2026.


“We are increasing the dividend this quarter, reflecting our confidence in our ability to generate through-cycle cash flows,” said Mark Lashier, chairman and CEO of Phillips 66.


“The strength and durability of cash flows from our combined businesses support our priority to return capital to shareholders through a secure, competitive and growing dividend,” Lashier said. “Since our formation in 2012, the annual dividend has increased every year, resulting in a significant 15 percent compound annual growth rate.”


About Phillips 66


Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, TX, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260211395982/en/
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Original: Phillips 66 Announces Increase in Quarterly Dividend

Lets refine some Venezuelan Crude!!!!!!!!

$PSX: Bigggggggggg options call..... 4k for Aug15 $135

4k loaded at $2.80 !!!!!!!!!!


Remember my $IREN call and how those ended up............ don't miss this one.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176395899

Ride them whales coattails and PROSPER !!!!!!!!


GO $PSX

Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress

Source: Business Wire
First-Quarter Results

First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share
$1.6 billion returned to shareholders through dividends and share repurchases
Refining operated at 92% crude utilization
Recently announced 10% increase to the quarterly dividend to $1.15 per common share
Earned industry recognition for 2023 exemplary safety performance in Midstream, Refining and Chemicals
Strategic Priorities Highlights

Returned $9.9 billion to shareholders through dividends and share repurchases since July 2022
On track to achieve $1.4 billion of business transformation cost and sustaining capital savings by year-end 2024
Launched process to divest retail marketing assets in Germany and Austria
Commenced operations at Rodeo Renewable Energy Complex
Phillips 66 (NYSE: PSX), a leading diversified and integrated downstream energy company, announced first-quarter earnings of $748 million, compared with earnings of $1.3 billion in the fourth quarter. Excluding special items of $74 million, the company had adjusted earnings of $822 million in the first quarter, compared with fourth-quarter adjusted earnings of $1.4 billion.

“In the first quarter, we progressed our strategic priorities and returned $1.6 billion to shareholders,” said Mark Lashier, president and CEO of Phillips 66. “While our crude utilization rates were strong, our results were affected by maintenance that limited our ability to make higher-value products. We were also impacted by the renewable fuels conversion at Rodeo, as well as the effect of rising commodity prices on our inventory hedge positions. The maintenance is behind us, our assets are currently running near historical highs and we are ready to meet peak summer demand.

“We recently launched a process to sell our retail marketing business in Germany and Austria, consistent with our plan to divest non-core assets. A major milestone was achieved with the startup of our Rodeo Renewable Energy Complex, positioning Phillips 66 as a world leader in renewable fuels.

“We remain committed to delivering increased value to our shareholders. We have returned $9.9 billion to shareholders through share repurchases and dividends since July 2022, on pace to meet our target of $13 billion to $15 billion by year-end 2024. Our strategic priorities put us on a clear path to achieve our $14 billion mid-cycle adjusted EBITDA target by 2025 and return over 50% of operating cash flows to shareholders.”

Anyone happen to know if acquisitions might be in the works anytime soon?

You got that right mofo

Now isn’t the time to sit on sidelines? So many ways to make profit in this crazy market? We will never see the market at or below 18,000 again?? Are you seeing a Pattern yet? I have big time? And today seeing up this morning? We will be over 24,000 ??in just one month recovered all of our losses? Well stay safe and good luck.

Cheers

We have a lot more pain to endure before we see improvement. This dead cat bounce in the market is a good time to get out and be patient.

https://www.rigzone.com/news/wire/some_american_oil_selling_at_under_10_a_barrel-30-mar-2020-161565-article/

Next week we’re going to see, a major and exciting news Monday or Tuesday when Donald Trump will speak about the controlled testing 10,000 people in New York regarding these two drugs that have extremely exciting news fighting this coronavirus. When we get the news we are going to see huge jumps that’s so many stocks set a new record highs. Now is the time to look seriously at all that call options that will bring well over 10,000% returns!!! So once I get in Monday morning I’ll be doing the happy dance.. these prices we haven’t seen in over 20yrs. So sitting at $51 dollars is crazy undervalued. Only 2 months ago we were sitting at $120. I truly believe 100% we are going to experience a huge bounce to the minimum hitting a $100 if you get in PSX Monday morning with in a few weeks we will make over a 10,000 % returns. I believe 100% we hit bottom this past week. So any one that was sitting on sidelines now is the time to buy buy and look into all the call options $$$$
Go luck and Cheers to everyone

Every seeing this PSX ready to spring back to 100 in the next few weeks??
Buy up every call option at 100 !!!
$10,000 turns in it $huge$ returns!!!
Enjoy the ride every one

Cheers!!!!!

Buy buy, today is the come back . The big V starts today this is when the huge Barnes returns back to 29,500 with in weeks?? Dont miss the boat!!

Cheers

Super cheap here imo crazy

Who would ever imagine that you could get in this being so cheap!!!! WOW today is the day sitting onlines waiting for the perfect storm!!! This is going to make alot of people very rich!!! Buy up all the CALLS you can. And sit back and enjoy your account grow so fast !!! And if it doesn’t give you a cardiac arrest of overexcitement this is going to be huge watch and see!!!
Just buy a shit ton of calls so so cheap!!!!

Cheers

News: $PSX This 6.2%-Yielding Dividend Stock Continues to Prove It's an Excellent Income Investment

Phillips 66 Partners (NYSE: PSXP) has been an excellent dividend stock over the years. The master limited partnership ( MLP ) has increased its payout every quarter since its initial public offering ( IPO ) in 2013, recently notching its 23rd straight increase. With its latest raise -...

Read the whole news PSX - This 6.2%-Yielding Dividend Stock Continues to Prove It's an Excellent Income Investment

Have a great feeling , its going to break 100 this week!!!!!! With Q coming out by the end of This month. I believe there earnings are going to be through the roof? If im right it will pass 52 week high!!!!!!

Have a great feeling , its going to break 100 this week!!!!!! With Q coming out by the end of This month. I believe there earnings are going to be through the roof? If im right it will pass 52 week high!!!!!!

Phillips 66 Is Showing Weak Relative Strength, Watch This Trade Level

Phillips 66 (NYSE:PSX) is a leading manufacturer of chemicals and oil refining products. The stock peaked out on January 24, 2018 at $107.42 a share. Since that high pivot, the stock has sold off sharply and is now trading around the $92.68 level today. Last week, PSX stock tested the 200-day moving average at $89.14. So far, that level has held up as support. Should PSX stock trade and close below this key moving average it would signal another decline is likely for the stock. The next key support area for PSX stock will be around the $82.00 level. This area is where the 200-week moving average is at. Generally, the first move down into a key moving average will serve as support when tested.




Nicholas Santiago
InTheMoneyStocks

Phillips PSX and Enbridge ENB announce plans to build a major pipeline from west Texas' Permian Basin to the Gulf Coast, with connectivity to more than 3M bbl/day of refining capacity and multiple dock facilities capable of crude oil exports.

$PSX Daily and Weekly Charts

Based on 2017 earnings, Phillips 66 trades at 30 times trailing earnings. That, however, is primarily due to low refining margins. The company's average price-to-earnings over the course of its life is just over ten times trailing earnings. This is due to good better refining margins in previous times, and so, it would not be accurate to call Phillips 66 "expensive" - at least not for that reason.

For the past few quarters, Phillips 66 has been spending well above its cash flow. Year to date, it generated $2.6 billion in cash flow from operations and distributed $2.2 billion to shareholders, with another $1.3 billion in capital expenditure. Stripping all else out, the company therefore burned through $900 million in cash this quarter.

Refining is a volatile business. Margins can, and do, fluctuate all the time, and so Phillips 66's earnings can be lumpy. Such was the case this quarter. Refining margins expanded, which led to much higher earnings year on year. Historically speaking, refining margins in 3Q 2016 were pretty low.

Top east coast refiner shuns Bakken delivery as Dakota Access Pipeline starts

Philadelphia Energy Solutions, the east coast's largest refiner, will take just five rail deliveries of North Dakota's Bakken crude oil in May and none in June, Reuters reports, a sign that the impending start of the Dakota Access Pipeline is upending trade flows.

At its peak, PES would have routinely taken ~3 miles' worth of trains filled with Bakken oil each day during its 2013-15 peak, but it will be more lucrative for producers to transport oil to Gulf coast refineries after Dakota
Access begins interstate crude oil delivery on May 14.

The long-delayed pipeline will provide a boost for Bakken prices and is seen as unofficially ending the crude-by-rail boom that had revived east coast refining operations.

The east coast reportedly has averaged just ~100K bbl/day of crude rail deliveries in recent weeks; east coast refiners operated by Phillips 66 (PSX -0.3%) and PBF Energy (PBF +0.2%) are still receiving modest volumes of Bakken crude.

PES is owned by Carlyle Group (CG) and a subsidiary of Energy Transfer Partners (ETP +0.7%).

Cashflow models imply Phillips 66 $PSX has small upside before earnings Friday:

Fair Value Analysis

Delta Air to sell gasoline and diesel as losses at its refinery climb (12/02/16)

By Chris Prentice and Jarrett Renshaw

Delta Air Lines Inc is preparing to market gasoline from a refinery it owns outside Philadelphia, signaling a shift in strategy toward managing the plant as a commercial refiner rather than a dedicated jet fuel supplier.

Delta became the first airline to own a refinery when it bought the shuttered plant in 2012, hoping to turn the facility into its own jet fuel supplier and capitalize on cheap oil supplies from a boom in U.S. shale output.

Instead of marketing the gasoline and diesel from the 185,000 barrels per day Monroe Energy plant, until now Delta has swapped the billions of dollars of motor fuel for jet fuel under a contract with Phillips 66 that is set to expire next year.

Now, Monroe is ramping up to sell small volumes of blended gasoline and ultimately diesel at a distribution center owned by Sunoco Logistics Partners outside Philadelphia, a source familiar with the plan told Reuters.

The sales will allow Monroe to benefit from motor fuel profit margins, an attempt to turn around a loss-making plant at a difficult time for the refining industry along the U.S. East Coast, added the source.

The region's refiners are fighting to survive, as they rely on foreign waterborne crude for supply. Two plants in the region have been shut in the past decade.

The company plans to increase sales volumes, including of diesel, over the next year after the Phillips 66 swap agreement expires, according to the source, who asked not to be identified because he was not authorized to speak with the press.

A Delta spokesman declined to comment on the plan and a Monroe Energy spokesman said the company does not discuss operations.
"At this point, they may feel they have better economics to sell the gasoline outright," said Robert Mann, a former airline executive and principal at R.W. Mann & Company, Inc.

A commercial refiner would look at profit margins for each fuel, which vary seasonally, and adjust production to maximize the output of the fuel with the best margin. Delta has been maximizing jet fuel output, regardless of variations in margins.

That may have saved Delta money on jet fuel supplies, but cost it potential profit from producing other products.

Mann said if the refiner abandons efforts to maximize jet fuel supply, Delta may reconsider whether owning the plant is worthwhile.

DRAG ON PROFITS

After a few successful years, the refinery has lost money in 2016 amid an industry-wide slump that has hit East Coast refiners the hardest. The refinery lost $83 million in the first nine months of the year compared to $282 million in profits last year.

Monroe Energy slashed employee bonuses to save money earlier this year. But the refiner's manager, Jeff Warmann, told employees then not to worry about mounting losses because the real goal was to pump jet fuel and drive prices down.

Monroe, like other merchant refiners, has also taken a hit from rising costs to meet U.S. annual biofuels requirements. Those require refiners who cannot blend biofuels, as mandated by the government, to buy paper credits from those that can. Those credits, called RINs, have soared in cost in the time Delta has owned the plant.

In the first three quarters of this year, Monroe paid $130 million to purchase RINs, nearly double the $67 million during the same time the year earlier.

Blending ethanol into gasoline will allow Monroe for the first time to generate credits, though it will still meet just a fraction of its total biofuels obligation. Delta has been embroiled in a years-long lawsuit with the Environmental Protection Agency over the scheme, which the airline says are too heavy a burden.

http://www.reuters.com/article/us-usa-refinery-delta-air-idUSKBN13R2F3

Phillips 66 Partners Announces $1.3 Billion Acquisition (10/11/16)

Acquisition Includes 30 Phillips 66 Crude, Products, and NGL Logistics Assets

• Expected to be immediately accretive to unitholders

• Assets support Phillips 66’s Bayway, Billings, Borger and Ponca City refineries

• Phillips 66 to enter into long-term minimum volume commitments

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) (the “Partnership”) has reached agreement with Phillips 66 (NYSE: PSX) to acquire 30 crude, refined products and natural gas liquids (NGL) logistics assets for total consideration of $1.3 billion. The Partnership plans to fund the acquisition with a combination of debt and $196 million in new PSXP units issued to Phillips 66, to be allocated proportionally between common units and general partner units allowing the general partner to maintain its 2 percent general partner interest. The transaction is anticipated to close this month, subject to satisfaction of customary closing conditions, and is expected to be immediately accretive to unitholders. Upon closing, the Partnership will be entitled to receive the cash earnings associated with the acquired assets as of Oct. 1, 2016.

The acquisition consideration reflects an approximate 8.7 times multiple based on the forecasted full year 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) attributable to the assets of approximately $150 million. In connection with the acquisition, Phillips 66 will enter into 10-year terminaling and throughput agreements that will include minimum volume commitments covering approximately 85 percent of forecasted volumes.

“As our largest dropdown acquisition to date, this represents a milestone for the Partnership and will provide additional fee-based income and diversity to our already strong midstream portfolio,” said Greg Garland, Phillips 66 Partners chairman and CEO. “We remain committed to maintaining a stable, fee-based, growing business model at Phillips 66 Partners, and are on track to deliver on our commitment to a five-year distribution compound annual growth rate of 30 percent through 2018.”

The transaction includes the following assets:

• A crude pipeline and terminal system that provides crude supply for Phillips 66’s Ponca City Refinery, consisting of 503 miles of pipeline and 1.7 million barrels of storage;

• A refined products and NGL pipeline and terminal system that provides product takeaway transportation services for Phillips 66’s Ponca City Refinery, consisting of 524 miles of pipeline and 1.7 million barrels of storage;

• A crude pipeline and terminal system that provides crude supply for Phillips 66’s Billings Refinery, consisting of a 79 percent undivided interest in a 623-mile pipeline and 570,000 barrels of storage;

• A refined products pipeline and terminal system that provides product takeaway transportation services for Phillips 66’s Billings Refinery, consisting of 342 miles of pipeline and 386,000 barrels of storage;

• A refined products and NGL terminal system that provides storage services for Phillips 66’s Bayway Refinery, consisting of 2.0 million barrels of storage;

• A crude pipeline and terminal system that provides crude supply for the Phillips 66-operated Borger Refinery, consisting of 1,089 miles of pipeline and 400,000 barrels of storage; and

• A refined products pipeline and terminal system that provides product takeaway transportation services for the Phillips 66-operated Borger Refinery, consisting of 93 miles of pipeline, a 33 percent undivided interest in a 102-mile segment and a 54 percent undivided interest in a 19-mile segment of a 121-mile pipeline, a 50 percent interest in a 293-mile pipeline and 700,000 barrels of storage.

A detailed listing of these assets including names and maps is available on the Phillips 66 Partners website.

The terms of the transaction were approved by the board of directors of the general partner of Phillips 66 Partners, based on the approval and recommendation of its conflicts committee comprised solely of independent directors. The conflicts committee engaged Evercore to act as its financial advisor and Vinson & Elkins, L.L.P. to act as its legal counsel.

About Phillips 66 Partners

Headquartered in Houston, Texas, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and natural gas liquids pipelines and terminals and other transportation and midstream assets.

http://www.businesswire.com/news/home/20161011005928/en/Phillips-66-Partners-Announces-1.3-Billion-Acquisition

Phillips 66 cuts output at Linden refinery amid weak margins: source (8/30/16)

By Jarrett Renshaw

Phillips 66 has cut production by roughly five percent at its 238,000 barrel-per-day refinery in Linden, New Jersey, amid weak refining margins, according to a source familiar with the plant's operations.

Phillips 66 joins Monroe Energy's 185,000 barrel-per-day refinery in Trainer, Pennsylvania, in making economic run cuts on the East Coast. Monroe Energy, a subsidiary of Delta Air Lines, continues to run the refinery at roughly 150,000 bpd following run cuts that began in July, a source said Tuesday.

Phillips 66 did not immediately return a request for comment.

The U.S. gasoline crack spread, an indicator of how much refiners make from converting a barrel of oil into a barrel of gasoline, remains at its lowest level in the past five years.

The U.S. diesel crack spread also remains at five-year lows.

U.S. and global refining margins have been hurt by historically high gasoline and diesel inventories. Refining executives and analysts across the globe are predicting refiners are going to be forced to scale back production to reduce inventories, balance the market and boost margins.

East Coast refineries see some of the weakest margins due in part to their supply constraints, and experts predict they would be among the first to cut runs.

Philadelphia Energy Solutions, the largest East Coast refinery, is currently running at full capacity, a source told Reuters Tuesday. It was not immediately known whether PBF Energy has made cuts at either of its East Coast refineries, one in Delaware City, Delaware and the other in Paulsboro, New Jersey.

PBF plans on shutting down the 55,000 bpd gasoline-making unit at its Paulsboro refinery in mid-September for up to eight weeks of planned work.

http://www.reuters.com/article/us-refinery-operations-phillips-66-baywa-idUSKCN11523G

Got it right in 2012. And BRK keeps buying.
Validation!

As soon as the spinoff was announced, I immediately wondered which stake would increase over time. My expectation was that future money would go into PSX. I also envisioned a decrease in COP if total funds invested were purely reallocated.

COP has to allocate capital to find more oil and gas. PSX is more of a "toll bridge".
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77486521

Buffett Bets $1 Billion More on Phillips 66 (8/29/16)

Berkshire Hathaway and its subsidiaries have raised its stake in the refiner to 15.2%.

By Ed Lin

Warren Buffett has shown a lot of love in 2016 for a stock that has been playing dead.

So far this year, Berkshire Hathaway (ticker: BRKB ) and its subsidiaries have paid about $1.39 billion for an additional 18 million more Phillips 66 ( PSX ) shares, according to regulatory filings, lifting its stake to 79,486,181 shares, or a 15.2% stake. Berkshire held 61,486,926 Phillips 66 shares at year-end 2015, an 11.8% stake. Percentage stakes are based on the refiner’s outstanding shares as of June 30.

In his much-scrutinized annual shareholder letter, released in February, Buffett touted Berkshire’s big four holdings — American Express ( AXP ), Coca-Cola, International Business Machines (IBM) and Wells Fargo ( WFC ) — as “excellent businesses” run by “talented and shareholder-oriented” managers. He didn’t single out Phillips 66 for commentary, but it was noted in a table that as of Dec. 31, Berkshire had paid $4.357 billion for 55.4 million Phillips 66 shares, or an average of $78.67 each, excluding 6.1 million shares held in subsidiary pension funds. In 2016, Berkshire paid an average of $77.23 each for the 18 million shares purchased.

Unfortunately, Phillips 66’s now 3.24% dividend yield has topped the lackluster share-price appreciation. Phillips 66 closed at $78.62 on Friday. Shares purchased in 2015 have on average lost a nickel each, excluding dividends, while those purchased this year have inched up a lowly 1.8%, excluding dividends.

Buffett, chairman and chief executive of Berkshire, turned heads when he disclosed that his stake in Phillips 66 had exceeded 10% in late August of last year. We were bullish on Phillips 66 at the time .

Phillips 66 shares did in fact rise through the end of 2015, as we noted. But good news hasn’t been gushing in 2016.

A disappointing fourth-quarter report in late January sent Phillips 66 shares sliding to the low $70s from the $80s. As the stock rallied back in the ensuing months to the high $80s, a disappointing first-quarter report in late April was a knockout blow — the stock would mostly trade sub-$80 going forward. In June, the company was one of several refiners who were issued subpoenas by California’s attorney general as part of an investigation into whether the companies artificially raised retail gasoline prices in the state. Investors braced themselves for the second-quarter report in late July, and even though both revenue and profits slid, the latter surprisingly topped expectations.

The latest issue is a standoff between members of the Standing Rock Sioux tribe and police guarding the construction site for a 1,154-mile pipeline that would carry oil from North Dakota. Phillips 66 owns 25% of the pipeline.

This year Buffett bought Phillips 66 shares mostly when the stock dipped throughout January and early February, and also late May and early June. His most recent purchases, totaling about $55 million, were made week. Buffett bought in blocks as small as 100 shares and as large as over a million shares.

http://www.barrons.com/articles/buffet-bets-1-billion-more-on-phillips-66-1472470538

Buffet buying in will certainly bring investors eyes to this one! Will be watching closely for an entry next week.

Bullish http://www.thestreet.com/story/12666787/1/will-this-price-target-increase-help-phillips-66-psx-today.html

Sempra Energy Unit Agrees To Sell Stake In Rockies Express Pipeline (3/29/16)

SAN DIEGO, March 29, 2016 /PRNewswire/ -- Sempra U.S. Gas & Power, a unit of Sempra Energy (NYSE: SRE), today announced that it has entered into a purchase-and-sale agreement with a subsidiary of Tallgrass Development, LP to sell Sempra U.S. Gas & Power's 25-percent interest in the Rockies Express Pipeline (REX) for approximately $440 million in cash.

The transaction is subject to customary closing conditions and a right of first refusal. Sempra Energy expects the transaction to close in the second quarter and result in an after-tax loss of approximately $27 million.

Additionally, Sempra U.S. Gas & Power intends to permanently release the remaining uncontracted capacity that it holds on REX that it had been releasing on an interim basis. The effect of the permanent capacity release is expected to result in a charge to earnings of between $100 million and $120 million during the second quarter 2016, representing an acceleration of losses that would otherwise be realized over the contract term, which extends through November 2019. It is expected that the approximately $27 million after-tax loss from the sale, as well as the loss resulting from the permanent release of capacity, will be excluded from Sempra Energy's adjusted 2016 earnings guidance.

"After careful evaluation of our natural gas portfolio, we determined that our minority stake in REX is not consistent with our long-term growth strategy," said Patti Wagner, president and chief executive officer of Sempra U.S. Gas & Power. "While REX is an important part of the country's natural gas pipeline system, we believe that given the changing market conditions, we can more productively redeploy the proceeds from the REX sale into long-term growth opportunities that better meet our strategy and risk profile."

"While Sempra Energy's earnings from REX for March through December 2016 will be reduced by approximately $60 million, forecasted earnings from REX were expected to be immaterial to Sempra Energy beginning in 2020," said Joseph A. Householder, executive vice president and chief financial officer of Sempra Energy. "We expect to redeploy the sale proceeds to mitigate the loss of REX earnings in the near term and increase our long-term earnings profile."

Sempra Energy plans to provide updated adjusted earnings guidance for 2016 by the company's annual financial analyst conference on May 24, 2016.

Rockies Express Pipeline LLC is a Delaware limited liability company engaged in the ownership and operation of the Rockies Express Pipeline, a 1,712-mile natural gas transmission pipeline that extends from Opal, Wyoming, and Meeker, Colorado, to Clarington, Ohio, and is one of the largest natural gas pipelines ever constructed in North America. Rockies Express Pipeline LLC is a joint venture of: a subsidiary of Tallgrass Development, LP (50-percent share); Sempra U.S. Gas & Power (25-percent share); and a subsidiary of Phillips 66 (25-percent share). A wholly owned subsidiary of Tallgrass Development, LP operates the pipeline. Tallgrass Development, LP is a member of the Tallgrass Energy family of companies, which includes Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass Energy GP, LP (NYSE: TEGP).

Sempra U.S. Gas & Power, LLC is a leading developer of renewable energy and natural gas projects. For more information, visit www.SempraUSGP.com. Sempra U.S. Gas & Power is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company with 2015 revenues of more than $10 billion. The Sempra Energy companies' 17,000 employees serve more than 32 million consumers worldwide.

http://www.prnewswire.com/news-releases/sempra-energy-unit-agrees-to-sell-stake-in-rockies-express-pipeline-300243178.html

$PSX Daily and Weekly Charts

$PSX Daily and Weekly Charts

Buffett's new buys bring Phillips 66 stake near 14% (2/04/16)

By: Carl Surran, SA News Editor

Berkshire Hathaway (BRK.A, BRK.B) discloses the purchase of 1.69M more shares this week of Phillips 66 worth ~$132M to give it ownership of nearly 14% of the oil refiner.

Over 15 days of buying since Jan. 4, Warren Buffett's conglomerate has spent $964M to add 12.5M shares to its PSX stake.

The new purchases were made between $77.40 and $78.53; the average price paid overall for the January and February buys is $77.13.

http://seekingalpha.com/news/3083386-buffetts-new-buys-bring-phillips-66-stake-near-14-percent

Phillips 66 Announces Quarterly Dividend (2/03/16)

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 56 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2016, to shareholders of record as of the close of business on Feb. 16, 2016.

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company's master limited partnership, is an integral asset in the portfolio. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $49 billion of assets as of Dec. 31, 2015. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

http://www.businesswire.com/news/home/20160203006186/en/Phillips-66-Announces-Quarterly-Dividend