PHILLIPS 66 overview

Phillips 66 and retailer Mach 1 are transforming the checkout experience at fuel and convenience stores with the launch of an automated, AI-powered bulk scanning self-checkout solution. NCR Voyix Corporation (NYSE: VYX), a leading global provider of digital commerce solutions for the retail and restaurant industries, announced that the best-in-class computer vision solution, NCR Voyix Halo Checkout, has been live at a select Phillips 66 ® branded Mach 1 station since November 2024. The solution...

Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems (“EPIC NGL”) for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. Upon closing, this transaction is expected to be immediately accretive to earnings per share. “This transaction bolsters...

Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), Kevin Mitchell, executive vice president and CFO, Don Baldridge, executive vice president of Midstream and Chemicals, and Jeff Dietert, vice president of Investor Relations, will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference at 10:20 a.m. ET on Tuesday, Jan. 7, 2025. The Phillips 66 leaders will discuss the company’s plans to continue advancing strategic priorities across its segments to...

Laser Photonics Corporation (LPC) (NASDAQ: LASE ), a leading global developer of industrial laser systems for cleaning and other material processing, announced today that it has received a dual order from global oil refiner Phillips 66 for a CleanTech and a MarkStar laser systems. “We are honored to welcome Phillips 66 as our new client and deliver our industrial-grade laser technologies to a major U.S. oil refinery,” said Wayne Tupuola, CEO of LPC. “The company’s commitment to safety,...

Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Friday, Jan. 31, 2025, to discuss the company’s fourth-quarter and full-year 2024 financial results, which will be released earlier that day. To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors . A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be...

Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. “With this transaction, we have exceeded our $3 billion asset divestiture target established in our strategic priorities. We intend to continue to optimize the...

Phillips 66 (NYSE: PSX) today announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital. “We continue to demonstrate capital discipline, aligning our investments with our strategic priorities,” said Mark Lashier, chairman and CEO of Phillips 66. “The budget underscores our dedication to delivering value to shareholders by funding growth in the NGL wellhead-to-market value chain and further enhancing refining...

Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW) solar facility. The solar facility will reduce the complex’s grid power demand by 50% and is expected to avoid approximately 33,000 metric tons a year of carbon dioxide emissions beginning in the first quarter of 2025.* The project is one of the largest on-site dedicated solar facilities in the U.S. “We are excited to collaborate with...