Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin
Phillips 66 to acquire Pinnacle Midstream for $550 million, expanding natural gas footprint in Midland Basin. CEO aims for operational synergy.
Why Energy Company HF Sinclair Shares Are Surging Wednesday
HF Sinclair reported Q1 FY24 results, with revenues down 7% and adjusted EBITDA down 43%. Company declared $0.50 dividend and announced $1 billion buyback.
Why Petroleum Refineries Major Phillips 66 Shares Are Falling Today
Phillips 66 reported Q1 FY24 results with revenue of $36.436B and adjusted EPS of $1.90 missing consensus of $2.17.
Phillips 66 Explores Sale Of Rockies Express Pipeline Stake Worth Over $1B: Report
Phillips 66 is looking to sell its 25% stake in Rockies Express Pipeline for over $1 billion. The company is in talks with potential buyers.
Oil Rally Fuels Energy Sector’s Outperformance Over Tech, Challenges 2023 AI Dominance
Energy stocks have remarkably outperformed their tech counterparts over the past three months. The driving force behind this…