Phillips 66 reported earnings of US$823 million in 3Q17, compared with US$550 million in 2Q17.
Refining - 30 October 2017
The results have been attributed to improved commodity prices and strengthened performance in the upstream and downstream sectors.
Valero Energy Partners LP has announced the acquisition of Port Arthur terminal assets and Parkway Pipeline LLC for US$508 Million.
Chevron Corp. has reported increased earnings in 3Q17 to US$2 billion, with downstream operations accounting for US$640 million.