BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 27.Feb.2026, Words: 443) — Valero Energy is positioning to capitalize on improved access to the Venezuelan […]
Tag: Phillips 66
Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019
NEW YORK, NEW YORK (By Reuters: Nicole Jao, Arathy Somasekhar and Georgina McCartney, 26.Feb.2026, Words: 311) — Saudi Aramco’s US trading division bought a cargo of Venezuelan […]
EAI brief: US energy stocks from Exxon to Chevron rise on Venezuelan oil sector prospects
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 6.Jan.2026, Words: 181) — Select US energy stocks were on the front foot on major stock exchanges on […]
![Phillips 66 Announces $2.2bn EPIC NGL Acquisition [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2025/01/plant-ngls-source-epic.png)
Phillips 66 Announces $2.2bn EPIC NGL Acquisition [PDF Download]
(Steve Stewart, Energy Analytics Institute, 6.Jan.2025) — Phillips 66 entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which […]
Phillips 66 to Divest Gulf Coast Express for $865mn
(Steve Stewart, Energy Analytics Institute, 16.Dec.2024) — Phillips 66 entered into a definitive agreement to divest DCP GCX Pipeline LLC, which owns a 25% non-operated […]
Phillips 66 Nears Non-Core $3bn Asset Divestment Target
(Energy Analytics Institute, 4.Nov.2024) — Phillips 66 is very close to achieving its $3bn non-core asset divestment target, the company said in its most recent […]
Phillips 66 to Shut Refinery, End Gasoline Output in Los Angeles
(Reuters, 16.Oct.2024) — Phillips 66 said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California’s fuel supply amid complaints about the state’s […]
Phillips 66 to Cease Operating LA Refinery in 4Q:25
(Energy Analytics Institute, 16.Oct.2024) — Phillips 66 will cease operations at its Los Angeles-area refinery in the fourth quarter of 2025. Phillips plans to work […]
Phillips 66 to Divest Interest in Switzerland-based JV for $1.24bn
(Energy Analytics Institute, 14.Oct.2024) — Phillips 66‘s subsidiary, Phillips 66 Limited, entered into a definitive agreement to sell its 49% non-operated equity interest in Coop […]
Phillips 66 Reports 1Q24 Results, Highlights Strategic Priorities
(Phillips 66, 26.Apr.2024) — Phillips 66 (NYSE: PSX) announced first-quarter earnings of $748mn, compared with earnings of $1.3bn in the fourth quarter. Excluding special items […]
Phillips 66 Increases Quarterly Dividend
(Phillips 66, 3.Apr.2024) — The board of directors of Phillips 66 (NYSE: PSX) declared a quarterly dividend of $1.15 per share on Phillips 66 common […]
Phillips 66 Achieves Major Milestone in Production of Renewable Diesel
(Phillips 66, 1.Apr.2024) — Phillips 66 (NYSE: PSX) announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy […]
Phillips 66 Completes Acquisition of DCP Midstream Units
(Phillips 66, 15.Jun.2023) — Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly […]
Citgo Names John Zuklic As Chief Financial Officer
(Citgo, 29.Oct.2020) — The Board of Directors of Citgo Petroleum Corporation appointed John Zuklic as Vice President Finance and Chief Financial Officer (CFO), reporting to […]
EP PetroEcuador Awards First Spot Sale Of 2020
(Energy Analytics Institute, Piero Stewart, 19.Feb.2020) — Ecuador’s state oil entity EP Petroecuador awarded its first spot market sale of 2020 to refining company Phillips […]
President-elect Lopez Obrador Slams Pemex For Crude Import Plan
(Reuters, 23.Oct.2018) — Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling […]
Phillips 66 Wins Tender To Sell U.S. Bakken Crude To Pemex -Traders
(Reuters, 22.Oct.2018) — Refining firm Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude […]
Analysts: Only a Matter of Time Before Venezuela Loses Citgo
(Houston Chronicle, Jordan Blum, 10.Aug.2018) – Financially crippled Venezuela likely will lose control of its Houston refining arm Citgo Petroleum once a slew of lawsuits […]
Glencore Lands PetroEcuador ‘Spot’ Deal
(Energy Analytics Institute, Ian Silverman, 14.Jul.2018) – Glencore Ltd won a recent EP PetroEcuador spot auction, which guarantees the Ecuadorian entity income of $279.3 million. […]
Venezuela Won’t Have Enough Oil To Export By 2019
(OilPrice.com, Robert Rapier, 12.Jun.2018) – On May 21st President Donald Trump signed a new executive order prohibiting certain oil-related transactions with Venezuela. GlobalData, a leading […]