Phillips 66 News

Dakota Pipeline Investors Could Face Major Hit After Adverse Ruling

BOSTON/DENVER — Large investors in the Dakota Access Pipeline, including Phillips 66, could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the shutdown of the major artery. The U.S. District Court …

Refiner Phillips 66’s Return-to-Work Policy Stirs Unease as Virus Flares

About 20 employees of U.S. oil refiner Phillips 66 tested positive at its Texas headquarters for COVID-19 in recent weeks, people familiar with the matter said, alarming employees as the company strove to keep staff working in its offices. Texas …

U.S. Refiners, Chemical Makers Pare Insurance Coverage as Accidents Boost Costs

U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for physical damage and business interruption, energy companies …

U.S. Refiners in Path of Storm Barry to Keep Running

HOUSTON/NEW YORK — Most U.S. refiners whose plants are in the path of Tropical Storm Barry took steps on Friday to keep them running, even as forecasters warned that the second named storm of the season could become a hurricane …