Keyword: Phillips 66

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Cheaper Crude Helps Phillips 66 Double Quarterly Profit

01.05.2013 - U.S. refiner Phillips 66 said on Wednesday that first-quarter earnings more than doubled as it used cheaper American- and Canadian-produced crude oil to make gasoline and other...

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Texas Oil Sails to Canada, Refiners Fume Over Tanker Law

01.05.2013 - Oil traders including commodities giant Trafigura and Australian bank Macquarie have quietly begun shipping U.S. crude oil from Texas to Canada, raising the ire of U.S. East Coast...

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U.S. Shale May Force More European Refinery Closures

21.02.2013 - Europe's hard-pressed refining industry faces more closures as its competition in the United States enjoys the double bonus of growing domestic shale oil supply and cheaper...

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Exxon, Chevron Earnings Boosted by Refining Margins

01.02.2013 - Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil and Chevron, the two largest U.S. oil companies. A flood of oil produced from...

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Refiner Phillips 66 Would Support US Crude Oil Exports

14.12.2012 - U.S.-based refiner Phillips 66 said Thursday it would support exports of crude oil from the United States, arguing the boost they would give the country's economy would trump the...

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Four US East Coast Refiners Shuts Sandy Nears

29.10.2012 - The second-largest refinery on the U.S. East Coast was shutting down on Sunday and three other plants cut output as Hurricane Sandy threatened widespread power outages and a...

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ConocoPhillips Completes Spin-off of Refining Business

02.05.2012 - ConocoPhillips completed the spin-off of Phillips 66, its refining, marketing, chemicals and transportation arm, creating the newest independent U.S. refiner. Phillips 66 aims to...

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Exxon Plans To Merge Fuels, Lubricants Divisions

22.12.2011 - Exxon Mobil plans to merge two of its products divisions, a sign of the times for big oil companies, which generally are sharpening their corporate focus on the growing challenges...