Posts filtered on Tag

Phillips 66

Phillips 66 operates the Gulf Coast Fractionators facility in Mont Belvieu, Texas. (Phillips 66)

Berkshire discloses $4.5 billion stake in Phillips 66

on
Berkshire held almost 58 million shares after purchases this week, or more than 10 percent of the total outstanding, according to a regulatory filing issued Friday by Warren Buffett’s Omaha, Nebraska-based company.
(AP Photo/Lisa Poole, File)

Phillips 66 takes lead on Texas-to-Louisiana pipeline joint venture

on
The pipeline will connect to systems from the Texas’ Permian Basin, Eagle Ford Shale, East Texas, the Texas Panhandle and southern Oklahoma.
(Photographer: Ty Wright/Bloomberg)

$2 gasoline on the way, but not until the fall

on
Gasoline prices could tumble below $2 per gallon in some states, but drivers shouldn’t expect to see those deep discounts until the mid-fall when summer driving season ends, demand diminishes and expensive summer gasoline gets replaced with cheaper winter blends.
(AP Photo/Lisa Poole, File)

Fortune 500: Oil prices take slight toll on rankings for Houston companies

on
Some Houston-based oil and gas companies saw their rankings slip this year after months of low commodities prices hammered the industry.
An ethylene unit shown at the Chevron Phillips Chemical Company's Cedar Bayou Plant, 9500 I-10 East, Tuesday, June 5, 2012, in Baytown. ( Melissa Phillip / Houston Chronicle )

Chevron, Phillips 66 joint venture may have a second natural gas “megaproject” in the works

on
The Houston-based company has led a wave of new U.S. facilities that make ethylene, used in plastics to polyester. Plants that use low cost gas from shale formations will help U.S. production of basic chemicals increase for the next four years, starting with a 3.1 percent rise this year and peaking at 6 percent in 2018.
Phillips66-Logo.svg

Phillips 66 shelves plans for oil processing projects

on
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

on
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

on
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

on
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

on
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.