Elliott Management Corp. has acquired a $1 billion stake in Phillips 66, sources told CNBC on Wednesday.
According to CNBC's David Faber, Elliott would be seeking as many as two seats on the board, although it is not interested in pursuing the company's CEO position. Elliot has held positions in the past...
The Phillips 66 Co. announced it submitted an offer to buy all publicly held shares of DCP Midstream Partners LP. At $34.75 per share, the potential deal is estimated at $7.2 billion.
The transaction would be structured "as a merger of DCP Midstream with an indirect subsidiary of Phillips 66 with DCP...
The biggest crude exporter in the United States Trafigura Group Pte. Ltd. announced on Friday it formed a joint venture with Phillips 66, the fourth largest US refiner, to build an offshore deepwater port some 21 nautical miles east of the entrance to the Port of Corpus Christi in Texas.
The joint...
Phillips 66 Co. announced on Friday its revenue in the fourth fiscal quarter of 2019 amounted to $736 million, tumbling 67% annually. For the full year, the figure was down 45%, from $5.6 billion to $3.1 billion. Earnings per share were at $1.64 in the three month period and $8.05 in the whole of 2019,...
Phillips 66 Co. said on Friday that its third quarter profit dropped 52.3% on an annual basis to $712 million or 50.3% to $1.58 per share. The refiner unveiled a $3 billion stock buyback scheme. The top line landed at $27.77 billion in total, dipping 9.2% from one year before.
"We operated safely and...
Texas-based energy company Phillips 66 Co. reported on Friday a 9.85% annual rise in earnings per share (EPS), from $2.84 to $3.12. Consolidated earnings increased 6.34% in the same period, at $1.42 billion in the three months through June. Midstream contributed the most to the increase in...
Phillips 66 Co. highlighted a 98% utilization level in petrochemicals capacity and strong performance in the midstream sector as it reported earnings of $0.44 per share for the first quarter, down by 58.9% from the same period of last year. Earnings landed at $204 million or 61.1% lower. On an...
United States energy giant Phillips 66 Company said on Friday its earnings per share for the fourth quarter of fiscal 2018 stood at $4.82, marking a 38% decrease on an annual basis. The company said its consolidated earnings amounted to $2.2 billion, 31.2% less than the same quarter last year. The...
American multinational energy company Phillips 66 Company announced on Friday its third-quarter earnings jumped 82% to $1.5 billion, topping Wall Street expectations. The Houston-based company said revenue for the quarter came in at $30.59 billion, also above analyst projections.
"We...
American energy manufacturing and logistics company Phillips 66 reported on Friday that its diluted earnings per share in the second quarter of 2018 stood at $2.84, marking a significant increase compared to the same time period last year when the figure was $1.06. Total revenues and other...
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