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Shorter elevator rides for Phillips 66 employees as company empties top floors
Phillips 66, Bartlesville's largest employer, has begun vacating floors 10 through 18 of its office building, consolidating all employees to the lower nine floors. This move comes on the heels of the August announcement the company will "release" 100 employees through 2024 under an initiative to "ensure process efficiency"
Bucks County man shot dead 14-year-old Willingboro boy, jury finds Tamir Phillips, 24, fatally shot Jesse "Nuk" Everett, 14, in August 2021. The shooting occurred at a Phillips 66 gas station in Willingboro. A jury deliberated for about eight hours over two days before finding Phillips guilty of murder.
2023 Layoff Tracker: Liberty Mutual Cuts 850 Employees LinkedIn announced it will eliminate 668 positions across its engineering, product, talent and finance teams. Phillips 66, a Houston-based oil giant, will slash 175 full-time employees and another 100 contracted workers. Microsoft reduced its head count by 1,000 jobs, mostly in sales and customer services.
Phillips 66 (PSX) Dips More Than Broader Market: What You Should Know Phillips 66 (PSX) closed at $115.19, marking a -0.91% move from the previous day. This change lagged the S&P 500's 0.85% loss on the day. Shares of the oil refiner had lost 3.18% over the past month. The company's earnings report is set to be unveiled on October 27, 2023.
What Makes Phillips 66 (PSX) an Attractive Investment Bet? Oakmark Funds released its “Oakmark Fund’ third quarter 2023 investor letter. The fund returned -1.31% in the third quarter, 15.91% calendar year to date, and 27.84% for the fiscal year. On October 11, 2023, Phillips 66 (NYSE:PSX) stock closed at $112.13 per share.
2023 Layoff Tracker: Centene Cuts 2,000 Employees St. Louis-based health care giant Centene will lay of 2,000 employees starting next month. Phillips 66, a Houston-based oil giant, will slash 175 full-time employees. Shutterfly will close a manufacturing plant outside Minneapolis.
Phillips 66 refinery in Rodeo experiences level 1 flaring event; black smoke expected in area Phillips 66 in Rodeo experienced a steam process upset around 3:33 p.m. The company said its personnel were in the area to monitor air quality.
Exclusive: Phillips 66, ADM in talks on biofuels joint venture - sources U.S. oil refiner Phillips 66 (PSX.N) and grain trader Archer-Daniels-Midland (ADM) are discussing a biofuels joint venture. The two companies are discussing putting ADM's dry corn mill operations into a venture that would convert grain-based alcohol to jet fuel.
Phillips 66: Q2 Earnings Snapshot Phillips 66 (PSX) on Wednesday reported second-quarter profit of $1.7 billion. The results surpassed Wall Street expectations. The oil refiner posted revenue of $35.74 billion in the period.
Phillips 66 plans to run refineries at mid-90% of combined capacity in Q3 Independent U.S. refiner Phillips 66 (PSX.N) plans to run its refineries in the mid-90% range. The company's refineries ran at an average of 93% of combined capacity in the second quarter. Phillips 66 owns nine refineries and is a 50% co-owner of two others in the United States.
Phillips 66 joins rival refiners with sharp profit drop on lower margins Phillips 66 (PSX.N) reported a 46% fall in second-quarter profit on Wednesday. The company's shares fell 1.2% to $110.80 in premarket trade. Refiners' margins were beefed up last year as a rebound in fuel demand came.
Phillips 66 joins rival refiners with sharp quarterly... The Houston-based refiner reported earnings of $1.7 billion, or $3.72 per share, for the three months ended June 30. Phillips 66 joins rival refiners with sharp quarterly...
Trade Desk, MillerKnoll rise; CryoPort, Fastenal fall,... Trade Desk, MillerKnoll rise; CryoPort, Fastenal fall. Progressive Corp. down $16.60 to $115.51. Phillips 66 up $1.15 to $103.11.
Daily Dividend Report: Walgreens Boots Alliance, CSX, Phillips 66, Ryder System, Albertsons Walgreens Boots Alliance and its predecessor company, Walgreen, have paid a dividend in 363 straight quarters or more than 90 years. CSX announced that the Company's Board of Directors approved a $0.11 per share quarterly dividend. The board of directors of Phillips 66 has declared a quarterly dividend of $1.05 per share.
Phillips 66: Q1 Earnings Snapshot Phillips 66 (PSX) on Wednesday reported first-quarter net income of $1.96 billion. Earnings, adjusted for non-recurring costs, came to $4.21 per share. The results topped Wall Street expectations.
Phillips 66 plans for refineries to run in mid-90% range in second quarter Independent U.S. refiner Phillips 66 plans for its 11 refineries to run in the mid-90% range. Refineries operated at 93% of their combined capacity in the first quarter. Company executives had forecast mid-80% range in January.
Phillips 66: Q1 Earnings Snapshot Phillips 66 (PSX) on Wednesday reported first-quarter net income of $1.96 billion. Earnings, adjusted for non-recurring costs, came to $4.21 per share. The results topped Wall Street expectations.
Refiner Phillips 66 beats quarterly profit on higher margins U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit. Company joins rivals in gaining from elevated margins on sustained fuel demand. Profits from turning crude oil into gasoline, diesel and jet fuel are surging.
Goldman Sachs Says These 2 Energy Stocks Could Be Big Winners in 2023 Phillips 66 (PSX) and Shell plc (SHEL) are Buy-rated names with double-digit upside potential. Shell had $101.3 billion in top-line revenues for 4Q22, the most recent period reported, up 18% year-over-year.
Exclusive: Refiner Valero seeks US approval to import Venezuelan oil -sources Venezuelan oil resumed flowing to the U.S. in January under a Treasury Department license granted to Chevron. Refiners including Valero and Phillips 66 have bought cargoes from Chevron. Chevron decision came as part of negotiations for humanitarian aid and a presidential election.
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