PSX - Mergers and acquisitions

Phillips 66 Limited today announced it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Limited (in Liquidation). The transaction comes after the company previously agreed to the deal in January, stating its intention to integrate key assets into its Humber Refinery operations. "Completing this transaction allows Phillips 66 to play an even stronger role in supporting the UK's fuel supply and the resilience of this critical energy infrastructure," said Paul Fursey, Phillips 66 Limited UK lead executive. "This strategic move will unlock new growth opportunities for traditional and renewable fuels and help protect UK energy security at a

Reported third-quarter earnings of $133 million or $0.32 per share; adjusted earnings of $1.0 billion or $2.52 per share; including $241 million of pre-tax accelerated depreciation on Los Angeles Refinery Operated at 99% capacity utilization in Refining with 86% clean product yield Achieved record Y-grade throughput and fractionation volumes of 1 MMBD & 930 MBD, respectively Generated $1.2 billion of net operating cash flow, $1.9 billion excluding working capital Recently acquired the remaining 50% interest in WRB Refining LP, gaining full ownership of the Wood River and Borger refineries Phillips 66 (NYSE:PSX) announced third-quarter earnings. "Our third quarter results r

BOSTON, Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC ("GCX") for $865 million from an affiliate of Phillips 66 (NYSE:PSX).  Going forward, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE:KMI) and affiliates of ArcLight. GCX will continue to be operated by a subsidiary of KMI. GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway servic

Reported second-quarter earnings of $1.7 billion or $3.72 per share; adjusted earnings of $1.8 billion or $3.87 per share Generated $1.0 billion of operating cash flow, $2.0 billion excluding working capital Returned $1.8 billion to shareholders through dividends and share repurchases Continued strong Refining operations with above industry-average crude utilization Achieved record NGL fractionation volumes Completed $3.8 billion acquisition of DCP Midstream, LP public common units Phillips 66 (NYSE:PSX), a diversified energy company, announces second-quarter 2023 earnings of $1.7 billion compared with earnings of $2.0 billion in the first quarter. Excluding special items