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Stock impact report

Phillips 66 and Kinder Morgan Advance Western Gateway Pipeline Project Following Successful Open Season [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 transporta Show less Read more
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