By Arunima Kumar (Reuters) - Refiner Phillips 66 said on Wednesday it plans to return up to $12 billion more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up as much
Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.
Travel stocks took a hit on Thursday, driving London markets lower, as investors pulled out of the sector due to new measures to combat the Omicron variant
Refiner Phillips 66 has sealed a deal with British Airways to supply the airline with renewable jet fuel that will be produced at a Phillips 66 site in the UK