A full-scale resumption of Venezuelan oil exports would benefit refiners in the United States and lower their fuel production costs, with the refineries capable of absorbing most of the roughly 1 mill
Refiner Phillips 66 can run Venezuelan crude at two U.S. Gulf Coast refineries as supplies become available, Chief Financial Officer Kevin Mitchell said on a conference call on Tuesday.
Phillips 66 (PSX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Investment expert Kiana Danial has identified four energy stocks as potential beneficiaries of the ongoing Venezuelan crisis.
Steve Richardson, Evercore head of energy research, joins 'Squawk Box' to discuss the rebuilding of Venezuela's oil industry following the ouster of Nicolas Maduro, opportunities for oilfield services
PSX looks pricey on EV/EBITDA, but soft oil prices and growing midstream exposure could justify the premium.
The Dow reached the close at 48,977 -- a record-high level. The blue-chip index gained +594 points on the day.
The 'Fast Money' traders react to market reaction to Maduro's capture.
PSX benefits as WTI trades below $59, while fee-based midstream revenues and growing focus on midstream and chemicals help shield the cash flows from crude volatility.
Chevron (CVX) shares climbed 4% on Monday trading after the U.S. capture of Venezuelan leader Nicolás Maduro raised prospects for increased American oil activi
Phillips 66 (PSX) to acquire Lindsey Oil Refinery, boost UK supply capacity and support jobs. Stock up 6.18%.
Phillips 66 said on Monday it had agreed to acquire the assets and infrastructure of Lindsey Oil Refinery in northern England, following the site's liquidation, and will integrate the key facilities i
LONDON--(BUSINESS WIRE)--Phillips 66 Limited has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure.
Venezuela was never about politics. Maduro's removal is an oil play - and the markets are about to feel it.
The latest trading day saw Phillips 66 (PSX) settling at $130.57, representing a +1.19% change from its previous close.
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