Phillips 66 (PSX) recently made significant moves in optimizing its portfolio, with one of the notable deals involving the sale of its interest in the DCP GCX Pipeline to ArcLight, totaling
$865 million, as well as divesting its non-core natural gas assets in a Texas deal. Another step indicating the company's strategic oversight is an announcement of its
2025 capital program. In addition, Phillips 66 managed to strike an agreement to sell interest in a Switzerland based joint-venture and an interest in the Gulf Coast Express. The company's performance in the market, however, has seen some fluctuation, with Phillips 66 stocks underperforming the market on separate occasions. Meanwhile, Phillips 66 holds regular talks at industry events, including the recently-held
Goldman Sachs Energy, CleanTech & Utilities Conference, and announced plans to cease operations at its Los Angeles-area refinery. The company's commitment to sustainability is marked by a partnership with
NextEra to power its Rodeo refinery using solar energy.
Phillips 66 PSX News Analytics from Thu, 16 May 2024 07:00:00 GMT to Sat, 21 Dec 2024 09:31:34 GMT -
Rating 1
- Innovation 2
- Information 6
- Rumor -3
