NYSE:PSXOil and Gas
Phillips 66 (PSX) Is Down 8.8% After ESOP Share Offering And Western Gateway Update - What's Changed
In December 2025, Phillips 66 filed a US$1.72 billion shelf registration to offer 13,000,000 common shares for an ESOP-related transaction, while also announcing with Kinder Morgan that the Western Gateway Pipeline’s initial open season had closed following strong shipper interest.
The planned second open season in January 2026 for remaining Western Gateway capacity, including new destinations west of Colton, California, underscores Phillips 66’s push to strengthen its refined products...