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Phillips 66, Propel Fuels

Phillips 66 hit with $605M jury verdict in fuel trade secrets case

A California jury said Phillips 66 (NYSE:PSX) should pay $604.9M in damages for stealing trade secrets from a biofuel company it considered acquiring, the company disclosed Thursday in an 8-K filing.

The Business Journals · 22h

Sacramento-based Propel Fuels wins $604.9 million trade secret lawsuit against Phillips 66

Sacramento, California-based low-carbon fuel company Propel Fuels Inc. has won a $604.9 million jury award in its trade secrets misappropriation lawsuit against Houston-based oil giant Phillips 66 (NYSE: PSX).

Reuters · 2d

Phillips 66 hit with $604.9 million US verdict in fuel trade-secrets case

Energy company Phillips 66 owes biofuel maker Propel Fuels $604.9 million in damages for stealing Propel's trade secrets to build up its renewable-fuel capabilities, a jury in a California state court decided on Wednesday.

Phillips 66 to close oil refinery

Reuters · 2d

Phillips 66 to shut oil refinery, end gasoline output in Los Angeles

Phillips 66 said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California's fuel supply amid complaints about the state's high prices.

Seeking Alpha on MSN · 2d

Phillips 66 to close Los Angeles-area refinery by end of next year

Phillips 66 to close Los Angeles refinery in 2025, supply California fuel market from other sources including renewable diesel and aviation fuels.

Newsweek on MSN · 1d

Phillips 66 Announces Shutdown of L.A. Refinery, Impacting 900 Workers

The factory accounts for about eight percent of California's refining capacity, while its closure will affect 900 jobs.

Zacks.com on MSN12h

Phillips 66 (PSX) Stock Drops Despite Market Gains: Important Facts to Note

The latest trading session saw Phillips 66 (PSX) ending at $132.60, denoting a -0.56% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.4%. Elsewhere ...

What's Going On With Phillips 66 Stock Today?

On October 16, 2024, a jury returned a verdict against Phillips 66 Company, a wholly owned subsidiary of Phillips 66 ...

Phillips 66 Sells Remaining Interest in Coop Mineraloel Joint Venture

Phillips 66 CEO Mark Lashier said the sale is part of the company’s commitment to divest over $3 billion of assets. Coop ...

Phillips 66 to sell 49% stake in Coop Mineraloel in $1.24B deal

Phillips 66 agrees to sell its equity interest in Swiss joint venture for $1.24B in cash, supporting strategic priorities and ...

Yahoo Finance3d

Is Phillips 66's (NYSE:PSX) Recent Stock Performance Tethered To Its Strong Fundamentals?

Phillips 66 (NYSE:PSX) has had a great run on the share market with its stock up by a significant 6.9% over the last month. Given the company's impressive performance, we decided to study its ...

4don MSN

Phillips 66 to Sell Remaining Interest in Swiss Joint Venture for About $1.2 Billion

Phillips 66 CEO Mark Lashier said the sale is part of the company’s commitment to divest over $3 billion of assets. Coop ...

ETF Daily News3d

569 Shares in Phillips 66 (NYSE:PSX) Bought by ORG Wealth Partners LLC

Read Our Latest Research Report on Phillips 66 Phillips 66 Stock Down 3.0 % PSX opened at $131.40 on Wednesday. Phillips 66 has a 12 month low of $107.85 and a 12 month high of $174.08.

Business Insider4d

Phillips 66 (PSX) Gets a Hold from Morgan Stanley

In a report released today, Joe Laetsch from Morgan Stanley maintained a Hold rating on Phillips 66 (PSX – Research Report), with a price target of $144.00. The company’s shares closed ...

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