AFPM

Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress

Retrieved on: 
Freitag, April 26, 2024
Professional Services, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Finance, Phillips 66, Investment, Division 1, Webcast, Rodeo, Public expenditure, AFPM, DCP Midstream Partners

Adjusted pre-tax costs were $330 million in the first quarter of 2024, compared with $297 million in the fourth quarter.

Key Points: 
  • Adjusted pre-tax costs were $330 million in the first quarter of 2024, compared with $297 million in the fourth quarter.
  • During the first quarter, Phillips 66 funded $1.2 billion of share repurchases, $448 million in dividends and $628 million of capital expenditures and investments.
  • Phillips 66 is executing its strategic priorities to increase mid-cycle adjusted EBITDA to $14 billion by 2025 and return over 50% of operating cash flow to shareholders.
  • Members of Phillips 66 executive management will host a webcast at noon ET to provide an update on the company’s strategic initiatives and discuss the company’s first-quarter performance.

ExxonMobil's Karen McKee named 2024 Petrochemical Heritage Award recipient

Retrieved on: 
Montag, März 25, 2024
Conference, Petrochemical Heritage Award, ExxonMobil, Society, United Nations, Policy, Entrepreneurship, Human, International Council, Science History Institute, Plastic, AFPM, Management

Washington, D.C., March 25, 2024 (GLOBE NEWSWIRE) -- The American Fuel & Petrochemical Manufacturers (AFPM) is pleased to announce ExxonMobil’s Karen McKee—president of ExxonMobil Product Solutions Company—as the 2024 Petrochemical Heritage Award recipient for her outstanding contributions to the petrochemical community.

Key Points: 
  • Washington, D.C., March 25, 2024 (GLOBE NEWSWIRE) -- The American Fuel & Petrochemical Manufacturers (AFPM) is pleased to announce ExxonMobil’s Karen McKee—president of ExxonMobil Product Solutions Company—as the 2024 Petrochemical Heritage Award recipient for her outstanding contributions to the petrochemical community.
  • McKee received the award today, March 25 during the International Petrochemical Conference in San Antonio, Texas hosted by AFPM.
  • I am confident that our next generation of leaders will continue to pioneer new technologies and develop even greater products that will further improve living standards for societies around the world.” — Karen McKee, president of ExxonMobil Product Solutions Company
    Chet Thompson, AFPM president and CEO issued the following statement commending McKee on her accomplishments:
    “Being named this year’s Petrochemical Heritage Award recipient is a testament to Karen’s leadership and ingenuity.
  • She rightfully joins a long list of petrochemical industry greats, and her work and legacy in our sector—and on behalf of consumers—is far from over.”
    Acclaimed as a skilled pioneer and business leader, Karen is the first woman to receive the Petrochemical Heritage Award.

AFPM launches second round of ads spotlighting gas car ban policies across battleground states

Retrieved on: 
Mittwoch, März 6, 2024
AFPM, EV, Department of transportation, Policy, EPA, DOT, Congress, Renewable energy

Washington, D.C., March 06, 2024 (GLOBE NEWSWIRE) -- Today, the American Fuel & Petrochemical Manufacturers (AFPM) is launching a second round of issue ads to inform consumers about the Biden administration’s policy agenda rushing to ban sales of new gas vehicles.

Key Points: 
  • Washington, D.C., March 06, 2024 (GLOBE NEWSWIRE) -- Today, the American Fuel & Petrochemical Manufacturers (AFPM) is launching a second round of issue ads to inform consumers about the Biden administration’s policy agenda rushing to ban sales of new gas vehicles.
  • On top of that, EPA is considering authorizing California’s ban on sales of new gas, diesel and traditional hybrid vehicles—a policy that, if approved, would be imposed on Americans in more than a dozen states.
  • “The Biden administration is trying to eliminate gas cars and push EV adoption faster than consumers want and faster than our infrastructure can handle.
  • The American people need to know the truth about these policies and their endgame now, while the regulations are still being decided.

Corporate Alignment with Climate Goals Under Scrutiny: LyondellBasell & Bayer demonstrate good practice

Retrieved on: 
Dienstag, Februar 13, 2024
VCI, AFPM, World Resources Institute, National Association, National Association of Manufacturers, WRI, Climate, Paris Agreement, LYB, Commerce, Communication, Carbon, Risk, CDP, Climate change, Chemical substance, NESN, LyondellBasell, NAM

Chemical giant LyondellBasell (LYB) has emerged as an example of better practice in this field by proactively addressing concerns over misaligned industry affiliations.

Key Points: 
  • Chemical giant LyondellBasell (LYB) has emerged as an example of better practice in this field by proactively addressing concerns over misaligned industry affiliations.
  • The company's Climate Advocacy Report , released in May 2023, evaluates its memberships in key trade associations, categorising each based on alignment with climate policy positions.
  • Another example of good practice is provided by Bayer’s (BAY) Industry Association Climate Review (2023) which assesses 63 associations.
  • As the world grapples with climate challenges, the time for blurred communication is long gone, and corporate leaders should be clear about their climate transition pathway.

AFPM launches seven-figure issue campaign spotlighting gas car ban policies across battleground states

Retrieved on: 
Montag, Februar 12, 2024
AFPM, Television, Government

AFPM President and CEO Chet Thompson issued the following statement about the campaign and the various Biden policies designed to eliminate gas vehicles:

Key Points: 
  • AFPM President and CEO Chet Thompson issued the following statement about the campaign and the various Biden policies designed to eliminate gas vehicles:
    “The Biden administration is overseeing a whole-of-government campaign to eliminate new gas, diesel, flex fuel and traditional hybrid vehicles.
  • “Americans are solidly against any government efforts aimed at banning gas cars and imposing electric vehicle mandates.
  • The public deserves to know now while there’s still a chance to push for better regulations that respect consumer freedom.
  • “The issue campaign we’re launching today is meant to raise awareness about the various federal policies aimed at ending gas cars .

KAP Becomes Associate Member of the American Fuel & Petrochemical Manufacturers

Retrieved on: 
Montag, November 13, 2023
Growth, AFPM, KAP, Associate, Research, Partnership

HOUSTON, Nov. 13, 2023 /PRNewswire/ -- KAP Project Services , one of the largest privately held technology-enabled project control solutions providers in North America, is delighted to announce its new involvement as an Associate Member of the American Fuel & Petrochemical Manufacturers (AFPM).

Key Points: 
  • HOUSTON, Nov. 13, 2023 /PRNewswire/ -- KAP Project Services , one of the largest privately held technology-enabled project control solutions providers in North America, is delighted to announce its new involvement as an Associate Member of the American Fuel & Petrochemical Manufacturers (AFPM).
  • This partnership with AFPM, the foremost trade association representing fuel producers, essential petrochemical manufacturers, and midstream logistics companies of America, underscores KAP's commitment to advancing innovation and sustainability within the energy and petrochemical sectors.
  • We look forward to contributing our expertise and knowledge to the industry through this affiliation," said Scott Kammerer, CEO of KAP Project Services.
  • The association's renowned events, conferences, and advocacy efforts provide KAP with a platform to engage in meaningful conversations about the challenges and opportunities in the energy and petrochemical sectors.

AFPM applauds House passage of H.R. 1435 to protect consumers from higher costs of California vehicle bans

Retrieved on: 
Donnerstag, September 14, 2023
House, American Fuel and Petrochemical Manufacturers, Electricity, Transport, EPA, Representative, Democrat, AFPM, United States House Energy Subcommittee on Innovation, Data and Commerce, Interstate Commerce Committee, Legislation, Gasoline

1435, the Preserving Choice in Vehicle Purchases Act , from the House of Representatives.

Key Points: 
  • 1435, the Preserving Choice in Vehicle Purchases Act , from the House of Representatives.
  • “Congress is right to clarify the limits of federal EPA power and take the threat of California vehicle bans off the table.
  • AFPM appreciates the leadership of Representatives Joyce, Latta, Bilirakis, Obernolte and Chair McMorris Rodgers, in spearheading the Preserving Choice in Vehicle Purchases Act (H.R.
  • This legislation is not anti-EV , it simply stops EPA from permitting and proliferating California vehicle bans.

BrandSafway receives 26 AFPM awards

Retrieved on: 
Dienstag, Juni 13, 2023
American Fuel and Petrochemical Manufacturers, AFPM, Commercial, BrandSafway, Health, Safety, Oil

Atlanta, Georgia, USA, June 13, 2023 (GLOBE NEWSWIRE) -- Twenty-six BrandSafway refinery and petrochemical plant site teams received Contractor Safety Achievement Awards from the American Fuel & Petrochemical Manufacturers (AFPM) association based on their safety performance in 2022.

Key Points: 
  • Atlanta, Georgia, USA, June 13, 2023 (GLOBE NEWSWIRE) -- Twenty-six BrandSafway refinery and petrochemical plant site teams received Contractor Safety Achievement Awards from the American Fuel & Petrochemical Manufacturers (AFPM) association based on their safety performance in 2022.
  • “I’m very proud of our hardworking employees and their dedication to excellence in safety at these 26 refinery and petrochemical sites as well as all of our locations globally,” said Gabe McCabe, president of BrandSafway Industrial, Energy and Commercial.
  • “In addition, I would like to thank our customers for partnering with us to improve safety at these facilities, as well as AFPM, an organization that shares our commitment to protecting the health and safety of everyone in our industry.”
    The following BrandSafway refinery and petrochemical site teams received awards from AFPM:

Phillips 66 Reports First-Quarter 2023 Financial Results

Retrieved on: 
Mittwoch, Mai 3, 2023
Energy, Professional Services, Oil, Gas, Finance, QatarEnergy, American Fuel and Petrochemical Manufacturers, BPD, Cedar Bayou, API, NGL, DCP Midstream Partners, EDT, Public expenditure, Phillips, EBITDA, American Petroleum Institute, Investment, Gold, Golden Triangle, Webcast, AFPM, Growth, Phillips 66, Rodeo San Francisco Refinery, Safety, Polymer, Video game, Holding company, Petroleum, Chemical substance

Phillips 66 generated $1.2 billion in cash from operations in the first quarter of 2023.

Key Points: 
  • Phillips 66 generated $1.2 billion in cash from operations in the first quarter of 2023.
  • During the first quarter, Phillips 66 funded $800 million of share repurchases, $486 million in dividends and $378 million of capital expenditures and investments.
  • Phillips 66 is on track to deliver $1 billion in run-rate savings by the end of 2023 under its business transformation initiative.
  • In Midstream, Phillips 66 was awarded the American Petroleum Institute’s (API) Distinguished Pipeline Safety Award for large operators for the third consecutive year.

AFPM: EPA vehicle proposal will “effectively ban gasoline and diesel vehicles,” advantaging China

Retrieved on: 
Mittwoch, April 12, 2023
American Fuel and Petrochemical Manufacturers, Gasoline, GHG, Carbon, Administration, Environmental protection, Agency, AFPM, Transport, Environment, Renewable energy

“We should all be aiming for individuals and families to have more fuel and vehicle choices, not less, that can fit within their budgets and meet their work and household needs.

Key Points: 
  • “We should all be aiming for individuals and families to have more fuel and vehicle choices, not less, that can fit within their budgets and meet their work and household needs.
  • EPA’s harmful proposal falls well short of that.
  • We make the products that make life better, safer and more sustainable — we make progress.
  • To learn more about AFPM and the role fuel refiners and petrochemical manufacturers play in every facet of the global economy, visit www.AFPM.org .