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Posts related to ‘NYSE: PSX’

24/7 Wall St. Closing Bell — July 16, 2012: Market Takes Small Loss, Waits on Bernanke

Posted: July 16, 2012 at 4:05 pm

The three major US stock indexes opened lower this morning following some lackluster data on the US economy. The Empire State manufacturing data improved, but retail sales posted an unexpected ...
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East Coast Oil Refinery Will Not Close

Posted: July 2, 2012 at 12:58 pm

The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture ...
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Is Oil Refining a Zombie Industry? (DAL, PSX, VLO, MPC, TSO, HFC, WNR, CVI, CG, XOM, CVX, BP, PBR)

Posted: June 14, 2012 at 11:46 am

When Delta Air Lines Co. (NYSE: DAL) agreed to buy an oil refinery from Phillips 66 (NYSE: PSX), the transaction underscored a shift that has been taking place in refinery ...
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Refinery Sale Suddenly In Jeopardy (PSX, COP, DAL, SUN, ETP, CG, CVX, VLO, XOM, BP, CVI)

Posted: June 7, 2012 at 1:24 pm

In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery ...
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Outlook for Oil Refiners “Reasonable” Says Fitch (VLO, MPC, PSX, TSO, WNR, HFC, XOM, CVX, COP, BP)

Posted: June 5, 2012 at 2:36 pm

The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The ...
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24/7 Wall St. Closing Bell — May 18, 2012

Posted: May 18, 2012 at 4:05 pm

The three major US stock indexes opened somewhat higher this morning as investors paid little attention to last night’s downgrade of Spain’s banks (more coverage here). With little economic data ...
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24/7 Wall St. Closing Bell — May 15, 2012

Posted: May 15, 2012 at 4:05 pm

Two of the three major US stock indexes opened higher this morning as investors reacted to the news from Greece that no government could be formed and that a second ...
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24/7 Wall St. Closing Bell (AIG, COP, HSY, PSX, DMD, AOL, AGU, DTG, M, MPEL, TM, SODA, AMCX, MT, ESRX, MCP, JWN, NUAN, HNR, KSS, PEIX, CPWM, AMRS, ACI)

Posted: May 9, 2012 at 4:06 pm

The major US stock indexes opened sharply lower again this morning as investors consider Greece’s commitment to the austerity measures it had previously agreed to. Renegotiating the deal seems out ...
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As Crude Prices Fall, Are Refiners Going to Benefit? (HFC, WNR, VLO, TSO, MPC, PSX, SUN)

Posted: May 7, 2012 at 9:57 am

As of about 9:30 this morning, Brent crude is trading at its lowest price in three months, and the price differential between Brent and WTI crude closed to about $12/barrel ...
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Does Delta Make Sense as an Oil Refiner?

Posted: May 1, 2012 at 8:04 am

A deal that first made it into public view less than a month ago has now been completed. Delta Air Lines Inc. (NYSE: DAL), through its wholly-owned Monroe Energy LLC ...
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