Phillips 66, Kinder Morgan, and HF Sinclair finalized a joint venture for a $5 billion Western Gateway Pipeline system to supply the U.S. West Coast with 230,000 barrels per day capacity ahead of Cali
Phillips 66 CEO Mark Lashier warned that Strait of Hormuz disruptions are increasing refining margin volatility. The company is reducing costs by $1 per barrel while anticipating a structural rise in
Phillips 66 CEO Mark Lashier warned of earnings volatility in refining and petrochemicals due to Strait of Hormuz disruptions, while highlighting cost reductions and improved operational yields.
Phillips 66 CEO Mark Lashier warned that clearing crude oil trapped in the Strait of Hormuz will be prolonged due to full storage tanks, though market responses prevented prices from spiking to $200 p
Phillips 66 and Kinder Morgan are advancing the Western Gateway pipeline to transport fuel from the US Gulf Coast and Midwest to California by mid-2029. The project aims to mitigate high regional fuel
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