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The first Phillips 66 logo, branded by the Phillips Petroleum Co. in 1930. The Phillips 66 shield logo, linking it to U.S. Route 66, was introduced in 1930. [11] After a series of changes to the color scheme including the popular dark green with orange and blue trim, [11] the company settled on black and orange color scheme that would last nearly thirty years.
The refinery is owned and operated by Phillips 66, a downstream company with midstream and chemical businesses spun off from ConocoPhillips in 2012. The complex is capable of refining 120,000 barrels (19,000 m 3) of crude oil per day. [2]
Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit ...
In 2015, ConocoPhillips and Phillips 66 agreed to pay $11.5 million to settle a lawsuit alleging that hundreds of their gas stations violated California anti-pollution laws since 2006. The civil complaint, filed in January 2013, alleged that the companies violated state laws on the operation and maintenance of underground gasoline storage tanks ...
Image source: The Motley Fool. Phillips 66 (NYSE: PSX) Q4 2024 Earnings Call Jan 31, 2025, 12:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
Phillips 66 also has been the subject of controversy over its role in climate change, leading to calls for the removal of its iconic "76" sign at Dodger Stadium. Times staff writer Roger Vincent ...
The refinery is currently owned by Phillips 66 and Cenovus Energy and operated by the joint-venture company WRB Refining, LLC (WRB). WRB was formed on 1 July 2007, with Encana taking a 49% interest in Wood River and also Phillips 66's Borger refinery. Encana subsequently spun off oil sands producer Cenovus and ConocoPhillips spun off Phillips 66.
Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The company said it will remain operating in the state.