Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December.

Phillips 66 will lay off most workers at its Los Angeles refinery in December as the facility prepares for its closure later in 2025 due to challenging market dynamics.

In October last year, the company announced plans to cease operations at the facility during the fourth quarter of 2025, with ...

Phillips 66 (NYSE:PSX) is expected to lay off most workers at its 139K bbl/day Los Angeles-area refinery in December, Reuters ...

Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott Investment Management, amid a proxy battle between the US oil refiner ...

Phillips 66, which maintains a healthy dividend yield of 4.48% and generated $137.77 billion in revenue over the last twelve months, has emphasized the importance of providing shareholders with ...

Phillips 66 has ... Mark Lasher—Phillip 66’s chief executive officer—said Iron Mesa would be funded within the operator’s existing budget. Announcement of the new gas plant came alongside ...

Analysts are estimating that Phillips 66 will report an earnings per share (EPS) of $-0.25. The announcement from Phillips 66 is eagerly anticipated, with investors seeking news of surpassing ...

U.S. refiner Phillips 66 told shareholders on Monday that they should keep in mind that activist investor Elliott, which wants to break up one of the biggest U.S. refiners, may not necessarily act ...

April 21 (Reuters) - Activist investor Elliott Investment Management should back down from its push to break up energy company Phillips 66 (PSX.N), opens new tab because it is conflicted from a ...