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

Lyondell Basell Industries has completed the final shutdown of its 263,776-bpd Houston, Texas (U.S.) refinery.

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

A fire at one Northern California refinery responsible for 10% of the state’s gasoline production has resulted in higher gas ...

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.

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

One bill that would have required oil companies to help pay for damages from climate-driven disasters failed and another 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 ...

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 ...

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

Other major projects include energy efficiency enhancements at the Los Angeles refinery and the Robinson Product Flexibility Project, both targeting returns of approximately 20% to 25%.

The remaining 18% of our capacity resides along the US West Coast anchored by our 365,000 barrel per day Los Angeles Refinery and its fully integrated value chain, which benefits from feedstock ...