Phillips 66 (No. 130), was spun-off from ConocoPhillips (no. 73) in May of last year.
Berkshire portfolio shows two new positions Phillips 66 ( PSX) and National-Oilwell Varco, Inc ( NOV).
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Phillips 66 is a spin-off from ConocoPhillips (COP), which is a position of Berkshire.
FORBES: Latest Picks From Warren Buffett: NOV, WFC, IBM, DVA, BK
In November of 2012, I removed WNR from that list and I replaced it with Phillips 66.
It is spinning off its refineries, pipelines and chemicals division as a new company called Phillips 66.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
In November of 2012, I removed WNR from that list and I replaced it with Phillips 66 ( NYSE:PSX).
The new Phillips 66 (its name based on the old brand) will be a giant in its own right.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
So in an exclusive pre-split interview, I asked him why investors should be excited about getting their Phillips 66 shares.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
Both Hess and Phillips 66 announced they ceasing operations in their New Jersey refineries, putting upward pressure on gasoline prices.
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In a tax-free distribution, shareholders will get one share of Phillips 66 for every two shares they own in the parent company.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
Delta Air Lines is getting into the refining business, with the acquisition of a facility south of Philadelphia from ConocoPhillips spinoff Phillips 66.
FORBES: Delta Pulls The Trigger On Purchase Of Philly Refinery From Phillips 66
Phillips 66 will manage roughly 15, 000 miles of pipelines directly and some 40, 000 miles more through its DCP Energy joint venture with Spectra Energy.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
Granted, the return on capital employed on the Phillips 66 side has improved dramatically, from 1% in 2009 to 5% in 2010 to 13% in 2011.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
Phillips 66 announced it restored energy at its Bayway Refinery in New Jersey, while production remains offline there and at their three storage terminals in the region.
Phillips 66 ( NYSE: PSX), according to ETF Channel.
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Phillips 66 now is looking to sell its Alliance refinery in Louisiana and its Trainer plant in Pennsylvania ( which Delta Airlines has inexplicably shown interest in buying), and likely more.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
Phillips 66 (PSX) had a big breakout on Tuesday.
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But I have some lingering misgiving about Phillips 66.
FORBES: As ConocoPhillips Spins Off Refining Assets, Think Twice Before Buying The New Phillips 66
Phillips 66, the former downstream arm of ConocoPhillips, announced on Wednesday via Twitter that it had restored power at its Bayway Refinery, which counts with daily production of 238, 000 barrels per day.
Depending on how serious the destruction is, look for shares of U.S. refiners like Valero, Tesoro, Marathon Petroleum and Phillips 66 to climb Monday on the expectation of tighter gasoline supplies (and higher prices) in the hemisphere.
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Among the largest underlying components of IEO, in trading today Occidental Petroleum Corp ( NYSE: OXY) is up about 0.6%, Phillips 66 ( NYSE: PSX) is up about 0.7%, and Apache Corp. ( NYSE: APA) is lower by about 0.3%.
John Catsimatidis, the New York City billionaire behind the Gristedes grocery store chain, announced on Tuesday that United Refining, which he controls, had agreed to buy a petroleum terminal with 5 million barrels of storage capacity from Phillips 66 (NYSE:PSX).
FORBES: Billionaire Catsimatidis Buys Long Island Oil Terminal From Phillips 66
Among the largest underlying components of IGE, in trading today Suncor Energy Inc. ( NYSE: SU) is up about 0.9%, Phillips 66 ( NYSE: PSX) is up about 0.1%, and EOG Resources, Inc. ( NYSE: EOG) is up by about 0.5%.
Among the largest underlying components of XLE, in trading today Anadarko Petroleum Corp ( NYSE: APC) is off about 0.7%, EOG Resources, Inc. ( NYSE: EOG) is trading flat, and Phillips 66 ( NYSE: PSX) is higher by about 0.8%.
Phillips 66 will take 238, 000 barrels per day offline as they shut down their Bayway Refinery in Linden, New Jersey, while Hess will be taking another 70, 000 daily barrels of capacity off the market as it shuts down their operations at Port Reading, New Jersey.
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Controversy has dogged this series of Strictly Come Dancing, with the show's producers having denied claims of ageism after 66-year-old judge Arlene Phillips was replaced with former winner Alesha Dixon, 30.
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