Voyager Midstream acquires some natgas assets from Phillips 66
Voyager Midstream Holdings, a portfolio firm of Pearl Energy Investments, said on Tuesday it has acquired some natural gas gathering and processing assets from Phillips 66 to boost its presence in Haynesville shale.
Here's Why Retain Strategy is Apt for Phillips 66 Stock Now
PSX focuses more on businesses like midstream, renewables and chemicals. This makes the company's business model more stable.
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How Much Will Phillips 66 Pay Out in Dividends This Year?
Phillips 66 operates both midstream and downstream assets. The company has steadfastly hiked its dividend since 2013.
Oil refiner Phillips 66 plans job cuts
U.S. oil refiner Phillips 66 plans to eliminate jobs to advance its strategic priorities and improve workforce efficiency, the company said on Tuesday.
Phillips 66 (PSX) Q2 Earnings Top on Solid Midstream Business
Despite being a leading global refiner in the United States, Phillips 66 (PSX) is steadily shifting its focus to its midstream business, which significantly contributed to its Q2 earnings.
The Value Of Phillips 66's Midstream Assets Shine Bright In 2024
Refining crack spreads have remained weak through peak driving season. Despite these market conditions, PSX's diverse business makeup through midstream, retail and chemical segments have shown capable to create an earnings floor for the company. The company remains capable of generating large amounts of cash despite weak crack spreads. I expect an additional $3 billion to be returned to shareholders through the end of this.
Higher Midstream Revenue Boosts Results at Phillips 66
Shares of Phillips 66 (PSX) jumped in intraday trading Tuesday after the energy company posted better-than-anticipated results on higher midstream profit.
Phillips 66 (PSX) Q2 Earnings Beat, Revenues Increase Y/Y
Phillips 66's (PSX) Q2 earnings benefit from record NGL volumes and peak refining crude utilization, partially offset by increased total costs and expenses.
Phillips 66 reports lower second-quarter profit
Refiner Phillips 66 posted a fall in quarterly profit on Tuesday, hurt by a slump in margins due to a tepid summer driving season and a rise in global refining capacity.
Phillips 66 (PSX) Stock Declines While Market Improves: Some Information for Investors
Phillips 66 (PSX) concluded the recent trading session at $142.21, signifying a -0.21% move from its prior day's close.
What's in Store for Phillips 66 (PSX) This Earnings Season?
Refining turnaround costs and higher input expenses are likely to have hurt Phillips 66's (PSX) Q2 earnings.
