Latest Phillips 66 News & Updates

See the latest news and media coverage for Phillips 66. We track all announcements, press releases, and industry mentions in real time, all in one place.

Phillips 66

Integrated energy manufacturing and logistics company

phillips66.com

Headquarters: Houston, United States
Company type: Public company
Number of employees: 13,000+
Industry: Oil & Gas Refining and Marketing

Last updated October 28

Latest news about Phillips 66

In short: Phillips 66 beat Q3 profit estimates on soaring refining margins, boosted dividends and buybacks, and advanced pipeline projects.

Company announcements

October 28 Phillips 66

Phillips 66 reported $5.6 billion in third-quarter earnings

Refining drove results with $6 billion profit. Midstream and chemicals earnings declined. The company returned $2.8 billion to shareholders.

October 16 Phillips 66

Phillips 66 declares a higher quarterly dividend

The board increased the dividend to $1.33 per share, marking a second raise in 2026 and reflecting strong cash flow generation.

September 16 Phillips 66

Phillips 66 announces third-quarter 2026 financial results

The company will host a webcast on Oct 28, 2026 to discuss the release scheduled for that day. Replays are available online.

August 11 Phillips 66

Phillips 66 approves Western Gateway Pipeline with partners

The $5 billion pipeline connects Gulf Coast refining assets to the West Coast via Kinder Morgan and HF Sinclair. Completion is targeted for 2029.

Media coverage

October 28 Yahoo Finance

Marathon Petroleum Sinks 7%, Valero Down 8%, Phillips 66 Down 7% as Refiners Slide Together

Key TakeawaysMarathon Petroleum fell 7% today, with Valero Energy down 8%, Phillips 66 down 7% and...

October 28 Reuters

Phillips 66 beats quarterly profit estimates as refining margins soar

Phillips 66 beat Wall Street estimates for third-quarter profit on Wednesday, ‌helped by higher refining margins as ongoing tensions in the Middle East boosted demand...

October 28 Benzinga

Phillips 66 Reports Third-Quarter Results: Delivers 98% Refining Utilization and Strong Midstream Volumes

Reported third-quarter earnings and adjusted earnings of $5.6 billion or $14.08 per share Refining...

October 23 MarketWatch

Energy Department Authorizes SPR Release to Deal With Supply Issues at Phillips 66 Lake Charles Refinery -- OPIS

The Department of Energy on Friday said it is releasing up to 400,000 bbl of crude from the Strategic Petroleum Reserve to help deal with...

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