Energy companies are regulars at the top of the Fortune 500 list. But several of the biggest names in the business took a hit this year.
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Posted on May 14, 2013 at 11:53 am by Zain Shauk in
Finance/Earnings,
Production |
A year removed from a split that made ConocoPhillips the world’s largest independent oil company, its CEO said it was on track for a more than 25 percent production jump by 2017.
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Phillips 66 CEO Greg Garland said he doesn’t expect the Keystone XL pipeline to gain U.S. approval this year and suggested regulators will need to “fix” requirements governing the blending of biofuels into gasoline. But Garland said neither of those issues are of serious concern to Phillips 66, which held its first shareholders meeting Wednesday.
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Posted on May 1, 2013 at 7:35 am by Jeannie Kever in
Finance/Earnings
Continuing to profit from lower-priced U.S. shale oil, Phillips 66 Wednesday announced first-quarter earnings of $1.4 billion.
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Posted on April 19, 2013 at 1:12 pm by FuelFix.com in
Accidents,
featured
Texas has been struck by two industrial fires this week. Here’s a look back at some major accidents at refineries and chemical facilities that have shook the state over the years.
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Posted on April 2, 2013 at 9:12 am by Jeannie Kever in
Natural gas,
Refining
Phillips 66 says it will build a 100,000 barrel-per-day natural gas liquids fractionator in Old Ocean, near the company’s refinery in Sweeny.
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Posted on March 28, 2013 at 9:00 am by Jeannie Kever in
Pipelines,
Refining
Phillips 66 has registered for an initial public offering for a midstream partnership, following up on an announcement that CEO Greg Garland had previously made to investors and analysts.
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Posted on March 20, 2013 at 9:31 am by Jeannie Kever in
Crude oil,
Pipelines,
Refining
Kicking its strategy of using cheaper crude oil from U.S. shale plays into high gear, Phillips 66 has signed deals with three midstream companies to bring as much as 130,000 barrels a day of North American crude oil to its refineries.
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Posted on January 31, 2013 at 6:45 am by Simone Sebastian in
Natural gas,
People,
Shale
After years of slimming down, ConocoPhillips is on an aggressive growth track under new Chief Executive Officer Ryan Lance. Watch his interview with FuelFix, as he lays out his blueprint for leading the nation’s largest oil producer to new heights.
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Posted on January 30, 2013 at 7:50 am by Jeannie Kever in
Chemicals,
Refining
Phillips 66 reported adjusted fourth-quarter earnings of $1.3 billion, thanks to cheaper crude oil from the United States and Canada.
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Posted on January 25, 2013 at 12:15 am by Nancy Sarnoff in
Real estate
Noble Energy is building a corporate campus, spanning nearly 1 million square feet, on the southwest corner of Texas 249 and Louetta. It’s the latest in a string of energy firms planning campus developments.
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Posted on January 9, 2013 at 9:36 am by Zain Shauk in
Pipelines,
Refining
Phillips 66 has begun shipping crude by rail from North Dakota to a refinery in New Jersey in an effort estimated at more than $1 billion.
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