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Phillips 66 And Partner Drop Plans For Renewable Diesel Plant In Washington
Tuesday, January 21, 2020 - 6:16pm | 689A joint venture between independent refiner Phillips 66 and Renewable Energy Group (REG) to build a renewable diesel plant in Ferndale, Washington, has been scrapped. The plant would have had capacity of 250 million gallons per year, or about 16,300 barrels per day. By the standards of biodiesel...
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Will Trump Ban Oil From Violence-Torn Venezuela? President Faces Tough Foreign Test
Tuesday, August 1, 2017 - 12:09pm | 837President Donald Trump is expected to announce whether the United States will limit or ban oil from its third-biggest exporter, Venezuela, a country of 31 million people that has descended into dictatorship and disorder. News agencies reported widely out of Washington that Trump would make an...
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Big Oil In The Earnings Spotlight
Tuesday, April 26, 2016 - 9:00am | 724Three petroleum giants are on deck to share their latest earnings results this week. Consensus forecasts indicate that analysts' expectations for all three are low. Net losses are predicted for many others in the oil patch as well. Among the many earnings reports due this week, highlights will...
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Facebook And Amazon: More Earnings From The FANG Stocks
Sunday, April 24, 2016 - 4:38pm | 741Two of the so-called FANG stocks offered up disappointing quarterly results last week. The other two FANG stocks are on deck to share their latest results this week. Wall Street analysts continue to look for strong earnings growth from both of them. The so-called FANG stocks were the momentum...
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Chrysler And Ford Earnings: Following In GM's Footsteps?
Sunday, April 24, 2016 - 4:38pm | 725Upcoming earnings highlights include the latest results from two automaker giants. Wall Street analysts are looking for strong earnings growth from both of them. However, estimates have been slipping for one and rising for the other. Expectations were already high for the latest earnings from...
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Oppenheimer Issues Massive Upgrade To Refining Sector
Wednesday, May 27, 2015 - 8:33am | 313Analysts at Oppenheimer said in a new research note that the more than five year outperformance of refining stocks will continue. The analysts upgraded HollyFrontier Corp (NYSE: HFC), Marathon Petroleum Corp (NYSE: MPC), Phillips 66 (NYSE: PSX) and Tesoro Corporation (NYSE: TSO) to...
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Barron's Recap: Why Honeywell Is Better Than GE
Sunday, May 10, 2015 - 11:22am | 868This weekend in Barron's online: a look at Honeywell, the Barron's ETF roundtable, highlights from the Sohn Investment conference, as well as the prospects for Signature Group, McDonald's and more. Cover Story "Honeywell: It Is Better Than GE" by Sandra Ward. Honeywell International Inc. (NYSE: HON...
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Barron's Recap: Here's How The 'Superrich' Hedge Their Bets
Monday, January 19, 2015 - 3:28pm | 857This weekend in Barron's online: The latest Barron's roundtable, a "bogey" for Barron's, topics from Davos, the superrich hedge their bets, as well as the prospects for LVMH, Phillips 66, Callaway Golf and more. Cover Story "Barron's Roundtable: Masters of the...
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Markets Rally On Better Than Expected GDP; Dow Has Best Close In More Than A Month
Thursday, October 30, 2014 - 5:09pm | 1851U.S. stocks rose on Thursday after government data showed the U.S. economy grew 3.5 percent in the third quarter, better than the 3.0 percent expected. Investors brushed off a poor reading on the number of Americans filing for jobless benefits, which rose last week in favor of GDP data; this...
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Phillips 66 Earns $1.2 Billion In Q3
Wednesday, October 29, 2014 - 10:15am | 235Energy manufacturing and logistics giant Phillips 66 (NYSE: PSX) reported its third quarter results on Wednesday before market open. Phillips reported it earned $2.02 per share, topping analyst expectations of $1.69 and 132 percent higher than it reported a year ago. Adjusted earnings rose $277...
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American Apparel, Phillips 66 And Others Insiders Have Been Buying
Monday, July 7, 2014 - 12:40pm | 890American Apparel, Consolidated Edison and Phillips 66 are among the companies that have seen insider buying recently. Insiders may sell shares for any number of reasons, but conventional wisdom says that insiders really only buy shares of a company for one reason -- they believe the stock price...
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Earnings Expectations For The Week Of April 28: Big Oil, Big Pharma And More
Sunday, April 27, 2014 - 11:58am | 854The earnings crunch continues this week. Among the highlights will be scheduled quarterly reports from Exxon Mobil and Chevron, from Bristol-Myers Squibb and Merck, from Time Warner and Viacom, and also from Twitter. Early Thursday, Exxon Mobil (NYSE: XOM) is expected to say that it had earnings...
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Earnings Expectations For The Week Of January 27: Facebook, Google, Apple And More
Monday, January 27, 2014 - 7:56am | 982The earnings crunch is on this week. Highlights will include reports from Amazon.com, Apple, Boeing, Comcast, Facebook, Google and Yahoo! All of them are expected to report year-over-year growth in per-share earnings. But analysts are looking for declining profits from the likes of Caterpillar,...
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Berkshire Hathaway To Trade Stock for Phillips 66 Specialty Products Business
Tuesday, December 31, 2013 - 9:12am | 511In a unique deal that will cost Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-B) roughly 19 million shares of Phillips 66 (NYSE: PSX), worth about $1.4 billion, the Omaha, Nebraska conglomerate will acquire Phillips Specialty Products, according to Reuters. Phillips Specialty Products,...
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Earnings Expectations For The Week Of October 28: Apple, Facebook, GM and More
Sunday, October 27, 2013 - 7:10pm | 1392The earnings crunch rolls on. This week's highlights include quarterly reports from the two biggest companies by market capitalization, Apple and Exxon Mobil, which are expect to post declining earnings. Per-share earnings from General Motors are expected to be the same as a year ago, and...