LyondellBasell will begin the process of shuttering its Houston Ship Channel refinery this weekend. The company expects to ...

LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend ...

Iconic PCH reopened Monday morning, nearly a month after it was closed when flames from the deadly Palisades Fire ripped ...

The closure of LyondellBasell’s Houston refinery is a bellwether for pressure on a segment of the oil and gas industry that ...

For Q1 2025, MPC anticipates crude throughput volumes of over 2.5 million barrels per day with an 85% utilization rate. Turnaround expenses are projected at $450 million, while operating costs are ...

Canadian oil producers would absorb most of the cost of U.S. tariffs, while a smaller share of the added cost would be passed on to U.S. consumers. Marathon Petroleum Chief Executive Maryann Mannen ...

Phillips 66's earnings fell sharply in the fourth quarter, hit by weaker refining margins and accelerated depreciation of its Los Angeles refinery, which it plans to close later this year.

Phillips 66 stated in October that it will shutter its Los Angeles refinery by the end of 2025. Petrochemical giant LyondellBasell will spend $61 million to renovate its new headquarters in ...

Phillips 66 delivered a substantial miss on earnings due to changing market conditions and strategic shifts.

Earnings Call Transcript January 31, 2025 Phillips 66 misses on earnings expectations. Reported EPS is $-0.15 EPS, expectations were $1.23. Operator: Welcome to the Fourth Quarter 2024 Phillips 66 ...

Capital Spending: $506 million. Depreciation and Amortization: Approximately $3.3 billion annually, including $230 million per quarter for Los Angeles refinery. Phillips 66 (NYSE:PSX) achieved its ...