Activist investor Elliott Investment Management lifted its stake in energy company Phillips 66 (PSX) with over $2.5 billion ...

The activist investor plans to push the oil refiner to consider selling or spinning off its midstream business.

Lyondell Basell Industries completed the final shutdown of its 263,776 barrel-per-day Houston refinery, people familiar with ...

You soon could be paying even more for gas at the pump. That’s because of a cynical attempt to use the wildfires tragedy to attack California’s oil companies. Sponsored by state Sen. Scott Weiner, ...

Phillips 66's realized refining margins averaged $6.08 a barrel in the fourth quarter of 2024, down from $8.31 for the prior ...

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

The council supported passing an industrial safety ordinance, despite concerns about legal challenges from Valero.

Right after, Phillips 66 said it was closing its Los Angeles refinery. “SB 222 would absolve local governments and property owners of responsibility for the wildfires and just blame it all on ...

Much of the U.S. military guarding the U.S. West Coast and Hawaii relies heavily on petroleum products from California’s refineries, which operate on razor thin profit margins. The state's ...

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