Browsing Tag
Phillips 66
21 posts
Phillips 66 owns 49.9% of Western Gateway but funds 71% of the new cash. Here’s why
Western Gateway carries a $5 billion enterprise value, but only about $3.5 billion is represented by disclosed new cash contributions. Kinder Morgan’s existing pipelines explain the unusual funding split.
Western Gateway pipeline: PSX-led joint venture takes FID on $5bn refined fuels line
Phillips 66, Kinder Morgan and HF Sinclair take FID on the $5bn Western Gateway pipeline, targeting Arizona and California by 2029 as refineries close.
Sky Quarry (SKYQ) surges as Nevada’s only refinery eyes summer supply gap
Sky Quarry (NASDAQ: SKYQ) surged 94% on April 2 as Brent topped $110 and California refinery closures tightened West Coast fuel supply. Here is what investors need to know.
First new US oil refinery in half a century: What America First Refining’s Port of Brownsville project means for energy
America First Refining secures a 20-year offtake deal and nine-figure investment for the first new US oil refinery in 50 years. What it means for energy, trade, and investors. Read more.
Phillips 66 (NYSE: PSX) sharpens downstream portfolio as refining discipline and midstream scale drive cash returns into 2026
Find out how Phillips 66’s refining discipline and midstream expansion are reshaping cash flow, debt reduction, and investor expectations in 2026.
Chevron El Segundo refinery fire tests California’s clean energy transition amid fragile supply chains
Chevron’s El Segundo refinery blaze reignites the debate over whether California’s clean-energy path can handle refinery shocks. Read the full analysis.
Chevron El Segundo refinery fire: Latest developments and what’s next for California fuel prices
Refinery blaze at Chevron’s El Segundo intensifies California fuel stress — new updates suggest jet fuel surges, import shifts, and possible gas hikes.
AXP Energy (ASX: AXP) stock holds steady as Charlie #1 well drilling confirms oil and gas shows across 290 feet in Oklahoma
AXP Energy (ASX: AXP) reports 290 feet of oil and gas shows at its Charlie #1 well in Oklahoma. Can this microcap explorer turn geology into growth?
Phillips 66 to take full control of WRB Refining in $1.4bn deal: What it means for the refining landscape
Phillips 66 is acquiring full control of WRB Refining from Cenovus for $1.4B. Find out how this move reshapes the refining landscape and future growth plans.
Elliott pressures Phillips 66 for restructuring amid investor frustration
Elliott Investment Management L.P., a prominent activist investor, is intensifying pressure on Phillips 66, calling for a comprehensive…