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By Bradley Olson, Bloomberg |
January 30, 2013
Phillips 66, the largest U.S. independent refiner by revenue since its spinoff from ConocoPhillips last year, said fourth-quarter profit beat estimates as the company benefited from an abundance of cheap domestic oil.
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By Rita Nazareth and Susanne Walker, Bloomberg |
December 13, 2012
U.S. stocks fell, halting a six-day rally in the Standard & Poor’s 500 Index, as the standoff in federal budget negotiations overshadowed a drop in jobless claims and growth in retail sales.
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By Bradley Olson, Bloomberg |
December 13, 2012
Phillips 66, the crude refiner that was spun off from ConocoPhillips in May, plans to raise as much as $400 million in an initial public offering next year for a minority interest in some of its pipeline and logistics assets.
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By Phil Flynn |
November 21, 2012
We all have a lot to be thankful for, especially if you are a commodity news junkie. It seems we have had a cornucopia of news and it just keeps giving.
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By Dan Murtaugh, Bloomberg |
September 7, 2012
The U.S. shale boom has driven the cost of Gulf Coast light, sweet oil to its lowest level versus Brent crude in almost a quarter century as the nation’s dependence on foreign supplies wanes.
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By Noah Buhayar, Bloomberg |
August 15, 2012
Berkshire Hathaway Inc. added a stake in National Oilwell Varco Inc. in the second quarter as billionaire Chairman Warren Buffett pared investments in consumer-products stocks including Procter & Gamble Co.
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By Rita Nazareth, Bloomberg |
August 1, 2012
U.S. stocks fell, reversing earlier gains, as the Federal Reserve’s pledge to provide additional support for the economy disappointed investors anticipating a more definitive sign of further monetary easing.
