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Phillips 66

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Phillips 66 shelves plans for oil processing projects

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In a call with investors on Thursday, Phillips 66 revealed that it will postpone plans for at least a year to build a condensate splitter and second fractionator at its Sweeny refinery.
(AP Photo/Lisa Poole, File)

Phillips 66 earnings up 39 percent

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The company’s profits in its marketing and specialties division soared, rising from $105 million in the fourth quarter of 2013 to $367 million a year later.
(Melissa Phillip/Houston Chronicle )

Here’s the CEOs behind Houston’s biggest oil companies

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The 20 largest Houston-based oil and gas companies were valued at $868 billion in 2014.
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 eyeing condensate splitter for Sweeny

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The Houston-based company has applied for a permit from the state’s environmental regulator to build a simplified splitter unit at its Sweeny refinery.
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 to spend $700M more next year

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The company said it will spend $4.6 billion next year, with more than two-thirds of that investment earmarked for boosting its midstream assets.
(AP Photo/Susan Walsh)

Obama’s punt on renewable fuel sets up fights in court, congress

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The delay, announced Friday by the U.S. Environmental Protection Agency, follows months of fighting between refiners and ethanol producers over a proposal by the agency to lower the quotas for ethanol, biodiesel and cellulosic fuels.
(Bill Montgomery/Houston Chronicle)

Phillips 66 Partners teams up to move Bakken crude

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The joint ventures will support the construction of a pipeline and rail terminal aimed at providing long-term and cheaper options to transport crude from a region that produces 1.2 million barrels per day of oil.
(AP Photo/Lisa Poole, File)

Phillips 66 to sell refining stake in Asia for $635M

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Phillips 66 is ending its ties to its refining business in Asia with a deal announced Wednesday to sell its 47-percent stake in a Malaysian refinery for $635 million in cash.
(Valero Energy photo)

Moody’s: Refineries face flat demand, new competition

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Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share.
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

ConocoPhillips considers spending cuts in face of falling oil prices

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The largest independent said both production and profits rose in the third quarter, but warned it may begin to pull back its budgets in 2015 as prices fall.