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Phillips 66, Propel Fuels and Trade Secret

Seeking Alpha on MSN · 4h

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.

Bloomberg L.P. · 17h

Phillips 66 Told to Pay $604.9 Million in Trade Secrets Case

Phillips 66 should pay $604.9 million for stealing trade secrets from a low-carbon fuel provider that it considered acquiring while preparing to enter the California renewables market, a jury said.

International Business Times · 8h

Phillips 66 Ordered To Pay $604.9M To Propel Fuels In Trade Secret Theft Case

A California jury found Phillips 66 guilty of stealing trade secrets from Propel Fuels and awarded $604.9 million in damages.

Phillips 66 hit with $604.9 mln 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, Los Angeles

The Associated Press - Busines… · 12h

Oil company Phillips 66 says it will shut down Los Angeles-area refinery

Oil company Phillips 66 has announced that it plans to shut down a Los Angeles-area refinery that accounts for about 8% of California's refining capacity The company indicates it will remain operating in California.

The Wall Street Journal on MSN · 15h

Phillips 66 to Close Los Angeles Refinery in Fourth Quarter of 2025

Phillips 66 will close a refinery near Los Angeles in the fourth quarter of 2025, citing that its long-term sustainability is uncertain and affected by market dynamics. Mark Lashier, chief executive of the Houston-based oil refiner,

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.

21h

Phillips 66 will shut historic Wilmington-area refinery complex

Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the ...

East Bay Times10h

Phillips 66 closing California refinery; more than 600 jobs at stake

Phillips 66 announced Wednesday it will close its Los Angeles-area refinery next year, idling 600 employees and 300 ...

19h

Citi Sticks to Its Buy Rating for Phillips 66 (PSX)

Citi analyst Vikram Bagri maintained a Buy rating on Phillips 66 (PSX – Research Report) today. The company’s shares closed ...

2don MSN

Phillips 66 aims at $3 billion divestitures target with Swiss venture stake sale

Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 ...

Phillips 66 to Sell Swiss Fuel Retailer for $1.2 Billion

This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures'.

2d

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 ...

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