Phillips 66Houston-based refiner posted year-on-year gains for both profit and revenue as it looked to capitalize on shale and discount Canadian crude and blunt the impact of U.S. sanctions on Venezuela. Revenue was up nearly 25% to over $114 billion, while profits jumped to $5.6 billion, and the company’s capacity rates hit an impressive 99%. also […]
Phillips 66The largest U.S. refiner by market value, enjoyed the industry’s highest profits in 2017. Annual earnings climbed well over 200% from the previous year on revenues of $91.5 billion. Yet one of the company’s longtime champions, Warren Buffett, sold a large share of stock—Phillips acquired it in a buy-back but only to avoid regulatory burdens—even […]
Phillips 66The largest U.S. refiner by market value, enjoyed the industry’s highest profits in 2017. Annual earnings climbed well over 200% from the previous year on revenues of $91.5 billion. Nonetheless, one of the company’s longtime champions Warren Buffett, sold a large share of stock (Phillips acquired it in a buy-back but only to avoid regulatory […]
Phillips 66As one of the country’s largest independent refiners, hasn’t taken as severe a beating from the cheap-oil shocks that shook the rest of the energy industry. In 2016, its refinery business drove earnings (though they still fell short of the year before). And although the company is known for refining, its holdings are remarkably diversified: […]- Phillips 66As one of the country’s largest independent refiners, hasn’t taken as severe a beating from the cheap-oil shocks that shook the rest of the energy industry. In 2016, its refinery business drove earnings (though they still fell short of the year before). And although the company is known for refining, its holdings are remarkably diversified: […]
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