Phillips 66 Buyback
OLI recorded this information on 10/9/2017
The board of directors of Phillips 66 (NYSE:PSX) has approved a new $3 billion share repurchase program that increases the company's total authorization for share repurchases to $12 billion since the third quarter of 2012. The board also declared a quarterly dividend of 70 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2017, to shareholders of record as of the close of business on Nov. 17, 2017.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. Co.'s segments include: Midstream, which provides crude oil and refined petroleum product transportation, terminaling and processing services, as well as natural gas and natural gas liquids transportation, storage, processing and marketing services; Chemicals, which manufactures and markets petrochemicals and plastics on a worldwide basis; Refining, which refines crude oil and other feedstocks into petroleum products; and Marketing and Specialties, which purchases for resale and markets refined petroleum products, mainly in the U.S. and Europe.
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Buy (3.29 out of 4)
(ranked higher than approx. 53% of all stocks covered)
Based on Zacks ABR data;
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