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Phillips 66's (PSX) Rodeo refinery in California uses lower carbon intensity feedstocks, which are processed via new pre-treatment units to convert them into renewable fuels.
The latest trading day saw Phillips 66 (PSX) settling at $139.40, representing a -0.27% change from its previous close.
HOUSTON--(BUSINESS WIRE)--Phillips 66 announced the full conversion of the Rodeo Renewable Energy Complex, positioning the company as a leader in renewable fuels.
The latest trading day saw Phillips 66 (PSX) settling at $138.09, representing a +0.09% change from its previous close.
HOUSTON--(BUSINESS WIRE)--Phillips 66 released its 2024 Sustainability & People Report, demonstrating its approach to helping supply the world's growing energy needs.
Phillips 66 (NYSE:PSX ) J.P. Morgan 2024 Energy, Power & Renewables Conference June 18, 2024 10:55 AM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants John Royall - J.P.
Phillips 66's (PSX) sale of its equity interest in the Rockies Express Pipeline is part of its commitment to deliver a value of more than $3 billion from asset divestitures.
Phillips 66 has an impressive portfolio of assets with growth drivers such as renewable energy and DCP midstream. Refineries are a remarkably volatile market, but the company is still targeting strong growth in its mid-cycle EBITDA. Overall, Phillips 66 is a valuable investment with a strong ability to pay dividends and repurchase shares.
U.S. oil refiner Phillips 66 said on Friday it would sell its 25% stake in the Rockies Express Pipeline (REX) for about $1.28 billion, including debt, to a subsidiary of Tallgrass Energy.
HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 is selling its 25% non-operated interest in Rockies Express Pipeline LLC to a subsidiary of Tallgrass Energy, LP for $1.275 billion.