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Phillips 66

(AP Photo/Lisa Poole, File)

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

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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

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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.
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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.