PSX

Phillips 66 Announces Major Milestone in Production of Renewable Diesel

Retrieved on: 
Monday, April 1, 2024
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, Carbon, Refining, Phillips 66, PSX, SAF, Renewable energy

Phillips 66 (NYSE: PSX) today announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel.

Key Points: 
  • Phillips 66 (NYSE: PSX) today announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel.
  • The Rodeo Renewed project has progressed, with the facility now processing only renewable feedstocks and producing approximately 30,000 barrels per day of renewable diesel.
  • The Rodeo Renewable Energy Complex is on track to increase production rates to more than 800 million gallons per year (50,000 BPD) of renewable fuels by the end of the second quarter, positioning Phillips 66 as a leader in renewable fuels.
  • “We are proud to announce this significant achievement at our Rodeo facility,” said Rich Harbison, Phillips 66 executive vice president of Refining.

Phillips 66 to Announce First-Quarter Financial Results

Retrieved on: 
Thursday, March 14, 2024
Finance, Oil, Gas, Alternative Energy, Energy, Professional Services, Webcast, PSX

Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Friday, April 26, 2024, to discuss the company’s first-quarter 2024 financial results, which will be released earlier that day.

Key Points: 
  • Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Friday, April 26, 2024, to discuss the company’s first-quarter 2024 financial results, which will be released earlier that day.
  • To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors .
  • A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.

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Retrieved on: 
Wednesday, March 27, 2024
AMD, EQ, GOOGL, PSX, Report, Retail

NEW YORK, March 27, 2024 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, EQ, M, GOOGL, and PSX.

Key Points: 
  • NEW YORK, March 27, 2024 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, EQ, M, GOOGL, and PSX.
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AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company

Retrieved on: 
Friday, December 15, 2023
Professional Services, Insurance, Finance, Phillips 66, Terrorism, Safety, NYSE, Risk management, PSX, Credit, AM Best, News, ALL, Spirit, Radius

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands).
  • For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Phillips 66 to Announce Fourth-Quarter and Full-Year Financial Results

Retrieved on: 
Wednesday, December 13, 2023
Professional Services, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Finance, Webcast, PSX, NYSE, Financial adviser, Life insurance

Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Wednesday, Jan. 31, 2024, to discuss the company’s fourth-quarter and full-year 2023 financial results, which will be released earlier that day.

Key Points: 
  • Phillips 66 (NYSE: PSX) executive management will host a webcast at noon ET on Wednesday, Jan. 31, 2024, to discuss the company’s fourth-quarter and full-year 2023 financial results, which will be released earlier that day.
  • To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors .
  • A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.

Phillips 66 Announces 2024 Capital Program

Retrieved on: 
Friday, December 8, 2023
Professional Services, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Finance, Phillips 66, Corporation, NYSE, Mark Lashier, PSX, NGL, Rodeo San Francisco Refinery, Marketing, Dakota Access Pipeline, WRB, Information technology, DCP Midstream Partners, Renewable energy, Fine chemical, Rodeo

Phillips 66 (NYSE: PSX) today announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital.

Key Points: 
  • Phillips 66 (NYSE: PSX) today announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital.
  • Excluding joint venture debt repayments due in 2024, the company’s 2024 capital budget is $2 billion.
  • “We continue to demonstrate capital discipline in support of our strategic priorities,” said Mark Lashier, president and CEO of Phillips 66.
  • Including Phillips 66’s proportionate share of capital spending associated with joint ventures CPChem and WRB, the company’s total 2024 capital program is projected to be $3.2 billion.

Phillips 66 Comments on Letter from Elliott Investment Management

Retrieved on: 
Wednesday, November 29, 2023
Other Energy, Utilities, Oil, Gas, Finance, Energy, Chemicals, Plastics, Professional Services, Manufacturing, PSX, Phillips 66, NYSE, Letter, Specialty, Marketing

Phillips 66 (NYSE: PSX) today issued the following statement regarding a letter from Elliott Investment Management L.P. (Elliott):

Key Points: 
  • Phillips 66 (NYSE: PSX) today issued the following statement regarding a letter from Elliott Investment Management L.P. (Elliott):
    The Phillips 66 Board and management team welcome the perspectives of our shareholders and value their input.
  • Over the last several weeks, the company has held discussions with Elliott and plans to continue a constructive dialogue.
  • We also appreciate that Elliott recognizes the value-creation potential of the strategic priorities that we have been executing since our Investor Day in November 2022.
  • For more information, refer to the Investor Update available on the Phillips 66 Investors site, phillips66.com/investors .

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Retrieved on: 
Wednesday, November 8, 2023
RAMP, Ribbon Communications, Policy, SBC, ARCEP, Growth, Ribbon, Partnership, MAN, IP, PSX, Voice over IP, Cryptocurrency

PLANO, Texas, Nov. 8, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks today announced that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security.

Key Points: 
  • "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.
  • "We look forward to a productive partnership."
  • W3TEL has selected Ribbon's STIR/SHAKEN solution, part of the Ribbon Call Trust ® portfolio, to meet requirements for caller identity authentication, signing, verification and certificate management as defined by French law as part of the MAN (Mécanisme d'Authentification des Numéros) Project conducted by French telecommunications regulator ARCEP .
  • W3TEL is also leveraging Ribbon's market leading SBC SWe for security and interworking, PSX , which delivers policy and routing for VoIP services, and RAMP for centralized management, enabling it to establish and manage its proprietary network configuration and call flows seamlessly.

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Retrieved on: 
Wednesday, November 8, 2023
RAMP, Ribbon Communications, Policy, SBC, ARCEP, Growth, Ribbon, Partnership, MAN, IP, PSX, Voice over IP, Cryptocurrency

PLANO, Texas, Nov. 8, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks today announced that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security.

Key Points: 
  • "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.
  • "We look forward to a productive partnership."
  • W3TEL has selected Ribbon's STIR/SHAKEN solution, part of the Ribbon Call Trust ® portfolio, to meet requirements for caller identity authentication, signing, verification and certificate management as defined by French law as part of the MAN (Mécanisme d'Authentification des Numéros) Project conducted by French telecommunications regulator ARCEP .
  • W3TEL is also leveraging Ribbon's market leading SBC SWe for security and interworking, PSX , which delivers policy and routing for VoIP services, and RAMP for centralized management, enabling it to establish and manage its proprietary network configuration and call flows seamlessly.

Phillips 66 to Speak at BofA Securities Global Energy Conference 2023

Retrieved on: 
Wednesday, November 1, 2023
Energy, Other Energy, Oil, Gas, Conference, PSX, NYSE, Webcast, Phillips

Phillips 66 (NYSE: PSX) executive leaders will participate in a fireside chat at the BofA Securities Global Energy Conference 2023 at 3 p.m. CT on Tuesday, November 14, 2023.

Key Points: 
  • Phillips 66 (NYSE: PSX) executive leaders will participate in a fireside chat at the BofA Securities Global Energy Conference 2023 at 3 p.m. CT on Tuesday, November 14, 2023.
  • The Phillips 66 leaders will discuss the company’s plans to continue advancing strategic priorities to deliver shareholder value, as well as its ongoing commitment to disciplined capital allocation.
  • To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors .
  • A replay will be archived on the Events and Presentations page the day after the event, and a transcript will be available at a later date.