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Phillips 66 (NYSE: PSX) today announced it will contribute an additional $3 million to assist Hurricane Harvey relief efforts in southeast Texas.
While the Houston area deals with the worst storm to hit the Texas coastline in half a century, industry followers are realizing Harvey could have global implications.
The move comes as U.S. gasoline prices skyrocketed Thursday morning due to an East Coast pipeline shutdown by the nation's largest gasoline transporter, Colonial Pipeline Co.
The oil will be transported to the Phillips 66 refinery in Lake Charles, LA.
Most boards have a playbook to guide them through a crisis, but the magnitude of the disaster can force a board to improvise its plan.
Phillips 66 today announced it will contribute $1 million to the American Red Cross to assist relief efforts arising from Hurricane Harvey and the resultant flooding in southeast Texas.
Several Houston-area oil giants have ceased operations over heavy flooding caused by Tropical Storm Harvey.
Refiners were not hit too hard Monday.
The aftermath of the torrential downpour in the Gulf Coast region from Hurricane Harvey will impact the area's refineries, pipelines and storage, but the extent of the damage remains unknown.
More than 2.2 million barrels per day of U.S. refining capacity was offline due to Hurricane Harvey.
The nation's ability to refine oil has been reduced by almost 15%.
If oil can stabilize and move higher into the end of the year, I think there are some potential opportunities.
Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at the 2017 Barclays CEO Energy-Power Conference in New York on Wednesday, Sept.
Soon enough, we'll know where the demand lies.
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces second-quarter 2017 earnings of $550 million, compared with $535 million in the first quarter of 2017.
The Dow is poised to open at an all-time high on Tuesday.
The labor market goes under inspection and Apple releases its earnings report.
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 70 cents per share on Phillips 66 common stock.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,200 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: LM, PSX, SCHN, TWI Downgrades: FL, HIHO, HLT, PBIP Initiations: None Read on to get TheStreet Quant Ratings' detailed report:
Phillips 66 (NYSE: PSX) executive management will host a conference call webcast at noon EDT on Tuesday, Aug.
Growth stock are taking a breather, says Jim Cramer. So here's your game plan for next week.
EXPR, PSX, AMBA, DM and BOJA recently were downgraded by TheStreet's Quant Ratings.
Wednesday's downgrades of Coca-Cola and PepsiCo are in focus.
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