Latest Corporate News
Phillips 66 Advances Major Global Growth Projects
Phillips 66 is progressing with $5 billion in worldwide projects, excluding joint-venture petrochemical facilities, as announced in their Q1 earnings on April 26. Key developments include a refined-product pipeline for California and West Coast, and a natural gas processing plant in the Permian Basin. The company set a $2.4 billion 2026 capital budget, with $1.3 billion for organic growth .
Phillips 66 Reports Q1 Net Income of $207 Million
Phillips 66's first-quarter net income dropped to $207 million from $487 million year-over-year, while confirming major growth projects remain on track. This update came during their April 26 earnings conference call. Industrial Info Resources tracks billions in active projects for the energy firm .
Trump's Drugmaker Deals Projected to Save $529B Over 10 Years
Former President Trump's negotiations with pharmaceutical companies aim to reduce prescription drug costs, potentially saving the economy $529 billion over a decade. The deals address affordability concerns by cutting prices through direct company agreements. Efforts focus on making drugs more accessible .
Yahoo Finance Hosts Daily Market Coverage 3PM-5PM ET on May 6
Yahoo Finance streamed live market coverage from 3PM to 5PM ET, providing stock ticker data, news, and portfolio tools. The session offers real-time insights for investors managing financial portfolios. Viewers can access via app or website for comprehensive market data .
Yahoo Finance Morning Market Update 9AM-11AM ET May 6
Yahoo Finance delivered daily market coverage from 9AM to 11AM ET, featuring up-to-date news and advanced financial tools. The broadcast supports investors with stock data and analysis. Connect via social channels for latest updates .
Investing with IBD Podcast Livestreams May 6 Edition
Investor's Business Daily hosted 'Investing With IBD' on YouTube, offering stock market research, exclusive lists, and business news. Hosted by Justin Nielsen every Wednesday at 5PM ET, it helps investors make smarter decisions. Subscribe for daily newsletters and more resources .
Phillips 66 Announces $2.4 Billion Capital Budget for 2026
In February, Phillips 66 outlined a $2.4 billion 2026 budget, allocating $1.3 billion to organic growth and $1.1 billion to sustained projects. This supports ongoing global expansions like pipelines and processing plants. Updates confirm projects advancing as planned .
Phillips 66 Permian Basin Gas Plant Moves Forward
A key natural gas processing plant in the Permian Basin is among Phillips 66's major growth initiatives progressing on schedule. This is part of broader $5 billion project portfolio tracked by Industrial Info. It enhances the company's energy infrastructure .
Phillips 66 West Coast Pipeline Project Gains Momentum
Phillips 66's refined-product pipeline to serve California and the West Coast is advancing as planned. Excluded from some JV tallies, it's central to their global growth strategy. Q1 updates highlight steady progress across developments .
Industrial Info Tracks $5B in Phillips 66 Projects Worldwide
Excluding two major JV petrochemical facilities, Industrial Info Resources data shows $5 billion in Phillips 66 projects globally. This underscores the company's expansive energy sector investments. Released May 5, 2026 .