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>> PHILLIPS 66 Latest News

MAY 07, 2013 - TheStreet

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Refiner Strikes Gold After Sandy

PSX data by YCharts NEW YORK (TheStreet) -- Cross the Goethals Bridge into New Jersey and the first thing to hit you is the smell. Some of what you're smelling is the Bayway Refinery, owned by Phillips 66 , which split from former parent Conoco-Phillips last year. Conoco got the oil exploration part of the business, Phillips, the refining and marketing end. Most of the "smart money" was on the Conoco side of the business, as was that of Conoco itself, as Forbes wrote last year. Also see: Unlocking Alibaba's Wealth >> But the smart money, so far, is wrong. While Conoco has made a ... Read More

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