PSX - HoustonNewMedia.org https://houstonnewmedia.org/tag/psx/ Building "Bridges" Across the Bayou City! Fri, 20 May 2022 18:06:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 PSX - HoustonNewMedia.org https://houstonnewmedia.org/tag/psx/ 32 32 103504436 Renewable fuel retailer sues Phillips 66, alleging theft of trade secrets https://houstonnewmedia.org/renewable-fuel-retailer-sues-phillips-66-alleging-theft-of-trade-secrets/?utm_source=rss&utm_medium=rss&utm_campaign=renewable-fuel-retailer-sues-phillips-66-alleging-theft-of-trade-secrets Fri, 20 May 2022 18:06:04 +0000 http://houstonnewmedia.org/?guid=73158cfe08eb7015bb5751fdf53f283f Sacramento, California-based renewable fuel retailer Propel Fuels Inc. has filed suit against Houston-based Phillips 66 (NYSE: PSX), alleging that the oil giant misappropriated Propel's trade secrets during due diligence for an acquisition that never o...

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]]> 328756 Phillips 66 invests in battery tech, analytics software https://houstonnewmedia.org/phillips-66-invests-in-battery-tech-analytics-software/?utm_source=rss&utm_medium=rss&utm_campaign=phillips-66-invests-in-battery-tech-analytics-software Mon, 09 Aug 2021 21:21:31 +0000 http://houstonnewmedia.org/?guid=c7ac76877bcdc1d815b9ac548555e82f Phillips 66 (NYSE: PSX), Houston's largest publicly traded company, recently made new investments into firms in lithium-ion battery technology and advanced analytics software.

Phillips 66 announced Aug. 9 that it had agreed to take a 16% stake in Novo...

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]]> 150533 Phillips 66, others make multimillion-dollar donations for coronavirus-relief efforts https://houstonnewmedia.org/phillips-66-others-make-multimillion-dollar-donations-for-coronavirus-relief-efforts/?utm_source=rss&utm_medium=rss&utm_campaign=phillips-66-others-make-multimillion-dollar-donations-for-coronavirus-relief-efforts Wed, 15 Apr 2020 13:42:51 +0000 http://houstonnewmedia.org/?guid=d9debdd145d434fb6a8522637c33bfe6 Phillips 66 (NYSE: PSX), the largest Houston-based public company in terms of revenue, is one of the local companies making big donations to coronavirus-related relief efforts.

The energy giant will contribute $3 million to relief efforts across the U...

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]]> 35728 Phillips 66 cuts budget, suspends share repurchases amid low oil prices https://houstonnewmedia.org/phillips-66-cuts-budget-suspends-share-repurchases-amid-low-oil-prices/?utm_source=rss&utm_medium=rss&utm_campaign=phillips-66-cuts-budget-suspends-share-repurchases-amid-low-oil-prices Tue, 24 Mar 2020 13:15:37 +0000 http://houstonnewmedia.org/?guid=545b67101a2d672d6fa072c2206a8ab9 Houston-based Phillips 66 (NYSE: PSX) is the latest major energy company to slash spending plans for 2020.

The cuts include a $700 million reduction in 2020 capital spending, bringing Phillips 66's budget to $3.1 billion, according to a March 24 press...

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]]> 29143 Offshore terminal planned with Phillips 66, ending dispute between Corpus, Trafigura https://houstonnewmedia.org/offshore-terminal-planned-with-phillips-66-ending-dispute-between-corpus-trafigura/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-terminal-planned-with-phillips-66-ending-dispute-between-corpus-trafigura Fri, 28 Feb 2020 20:38:31 +0000 http://houstonnewmedia.org/?guid=370293fb3923e6bad3158cf2b5d62410 Houston-based Phillips 66 (NYSE: PSX) and Singapore-based Trafigura Group Pte. Ltd announced a joint venture Feb. 28 to build a terminal capable of loading very large crude carriers off the coast of Corpus Christi, Texas.

The two companies are awaitin...

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]]> 22103 Kansas midstream co. to open Houston office https://houstonnewmedia.org/kansas-midstream-co-to-open-houston-office/?utm_source=rss&utm_medium=rss&utm_campaign=kansas-midstream-co-to-open-houston-office Tue, 11 Feb 2020 20:31:25 +0000 http://houstonnewmedia.org/?guid=0fc0f3753125a5dfb99a6dfe3bce878b Leawood, Kansas-based Tallgrass Energy LP (NYSE: TGE) has hired a new executive in Houston, and plans to open a new office in the Bayou City as it brings the newest member of its C-suite on board.

The company has named Damon Daniels to be its new chie...

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]]> 17612 Phillips 66 backs out of renewable diesel project https://houstonnewmedia.org/phillips-66-backs-out-of-renewable-diesel-project/?utm_source=rss&utm_medium=rss&utm_campaign=phillips-66-backs-out-of-renewable-diesel-project Tue, 21 Jan 2020 23:22:36 +0000 http://houstonnewmedia.org/?guid=7686d35d9140cb7fbc52a5a8b8786f3c Houston’s largest publicly traded company, Phillips 66 (NYSE: PSX), has cancelled plans with a joint venture partner to build a renewable diesel plant in the Northwest U.S.

Phillips 66 and Renewable Energy Group Inc. (Nasdaq: REGI) have pulled out of ...

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]]> 12718 Phillips 66 eyes billions of dollars in 2020 growth spending https://houstonnewmedia.org/phillips-66-eyes-billions-of-dollars-in-2020-growth-spending/?utm_source=rss&utm_medium=rss&utm_campaign=phillips-66-eyes-billions-of-dollars-in-2020-growth-spending Tue, 17 Dec 2019 14:27:39 +0000 http://houstonnewmedia.org/?guid=66edbfd8d04f31a0715d281b434929b1 Houston-based Phillips 66 (NYSE: PSX) plans to spend about $2.15 billion on growth in 2020.

Phillips 66, which produces more revenue than any other Houston-based public company, will put the lion’s share of that capital to work in its midstream segmen...

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