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Phillips 66

Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Buffett’s firm now owns nearly 14 percent of Phillips 66

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Berkshire now owns 73.98 million Phillips 66 shares worth roughly $5.9 billion.
Phillips 66 Chairman and CEO Greg Garland.  ( James Nielsen / Houston Chronicle )

Phillips 66 profits plummet 43 percent, still meet expectations

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Phillips 66 reported $650 million in net income in the fourth quarter, or $1.20 per share, well down from $1.15 billion, or $2.05 a share, in the final three months of 2014. The company’s profits still show that refining and chemicals companies like Phillips 66 are performing much better during the oil crash than the production and services companies, many of which are reporting large losses.
Phillips 66 Sweeny refinery.  (Ryan Holeywell/Houston Chronicle)

Buffett’s firm buys another 1.6 million Phillips 66 shares

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Berkshire filed documents with the Securities and Exchange Commission on Friday that disclosed purchases of another 1.6 million Phillips 66 shares.
Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Berkshire Hathaway buys 759,295 more Phillips 66 shares

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Buffett said last fall that Berkshire was investing in the company because he likes its mix of refining and chemical businesses.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Lifting crude export ban is “stocking full of soot” for refiners

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Congress may be close to reaching an overall budget deal that would include lifting the exports, which would equate to an early Christmas present for exploration and production companies seeking more buyers for their oil and also a “stocking full of soot for the refiners,” Wells Fargo Securities said in a new report.
(Lisa Poole / AP2009)

Phillips 66 starts up new fractionator near Houston after delay

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The project is supported by 250 miles of new pipelines and a multimillion-barrel storage cavern complex.
(Lisa Poole / AP2009)

Phillips 66 posts big gain in earnings

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Refining profits alone jumped 80 percent thanks to cheap feedstock from low oil prices and stronger margins.
(AP Photo/Lisa Poole, File)

Phillips 66 names new CFO

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Phillips 66 Vice President of Investor Relations Kevin Mitchell, 49, will become the executive vice president of finance and CFO on Jan. 1 after Maxwell steps down, Phillips 66 said Friday in a filing with the U.S. Securities and Exchange Commission.
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Phillips 66 grows in Texas, Louisiana to feed refineries

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Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.
Phillips 66 Sweeny refinery.  (Ryan Holeywell/Houston Chronicle)

Phillips 66 delays Sweeny startup after mechanical failure

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The 100,000-barrel-a-day Fractionator One project at Phillips 66’s Sweeny complex is part of a $3 billion capital expansion project in southern Texas launched last year.