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On October 16, 2024, a jury returned a verdict against Phillips 66 Company, a wholly owned subsidiary of Phillips 66 (NYSE:PSX), in a lawsuit brought by Propel Fuels Inc. In the lawsuit, Propel ...
The South Bay is in for a large-scale transformation near the Port of Los Angeles as Phillips 66 shuts down its sprawling refineries and makes way for developers to reimagine the prime real estate.
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 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.
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.
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.
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 ...
The refinery is currently owned and operated by Phillips 66. Completed in 1947, the refinery covers 720 acres (290 ha). Completed in 1947, the refinery covers 720 acres (290 ha). It is capable of producing 450 million gallons of gasoline per year.