Phillips 66 Refills Its Growth Engine [The Motley Fool]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
Company Research
Source: The Motley Fool
The refining and logistics giant adds a major new growth project. Phillips 66 ( NYSE:PSX ) has been slowly winding down a major growth phase over the past year. The company has expanded an important storage and export terminal while also working with partners to place a large oil pipeline into service and complete a massive petrochemical facility. As those projects wound down, so did capital spending, which raised the question of where Phillips 66 would grow from here. The company answered that question this week by announcing plans to invest up to $1.5 billion in expanding its Sweeny Hub. That project positions the company to continue growing value for investors in the coming years. Image source: Getty Images. A project worth waiting for Last year, Phillips 66 initially set its capital budget about $1 billion lower than the prior year due to the company's disciplined approach to capital allocation, according to CEO Greg Garland, who further commented that ret
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News
- Phillips 66 (PSX) Gears Up for Q1 Earnings: What's in Store? [Yahoo! Finance]Yahoo! Finance
- First of its Kind Partnership Delivers a Waste Heat to Power Project That Will Reduce the University of Dayton's Carbon Footprint by More Than 70% [Yahoo! Finance]Yahoo! Finance
- Phillips 66's (NYSE:PSX) institutional investors lost 3.8% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- ‘The Sweet Mystery' Demystified; Robert Indiana In Venice Biennale [Forbes]Forbes
PSX
Earnings
- 1/31/24 - Beat
PSX
Sec Filings
- 4/22/24 - Form PX14A6G
- 4/4/24 - Form 8-K
- 4/3/24 - Form ARS
- PSX's page on the SEC website