US7185461040 - Common Stock
The oil company was indicted on charges of dumping nearly 800,000 gallons of contaminated wastewater into the Los Angeles County sewer system.
Favorable crack spread will aid refining margins of Phillips 66, Marathon Petroleum and Exxon Mobil.
These two dividend stocks and an ETF are packed with way more passive income potential than the S&P 500.
Phillips 66, the biggest US fuelmaker by market value, told investors Tuesday it expects to surpass its $3 billion target for asset sales with more dispositions planned.
PSX earnings call for the period ending September 30, 2024.
PSX's Q3 earnings benefit from cost reduction, partially offset by lower contributions from the refining segment owing to declining realized margins.
Investing in equal parts of these three dividend stocks produces an average yield of 4.8%.
Phillips 66 (PSX) concluded the recent trading session at $128.49, signifying a -0.49% move from its prior day's close.
Despite strong refining margins, lower crude prices and high turnaround costs are likely to have adversely impacted PSX's Q3 earnings.
Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The refinery produces about 8% of California's crude oil, according to the state's Energy Commission. The company indicated it will remain operating in the state.
Phillips 66 should pay $604.9 million for stealing trade secrets from a low-carbon fuel provider that it considered acquiring while preparing to enter the California renewables market, a jury said.
Phillips 66 Strikes $1.24 Billion Deal to Sell 49% Stake in Swiss Joint Venture