trending Market Intelligence /marketintelligence/en/news-insights/trending/ITknJkY1-rRYPx7aToNmhg2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Phillips 66 approves $3B share buyback program


Essential Energy Insights - March 2021


what is the impact of the eu sustainable finance disclosure regulation sfdr


Episode 8: What the SolarWinds compromise means for information security


Infographic Q4 20 US Power Forecast

Phillips 66 approves $3B share buyback program

Phillips 66 Co. launched a $3 billion share buyback program, under which the company may repurchase shares from time to time on the open market.

"Returning capital to our shareholders, through a competitive, secure and growing dividend, reinforced with share repurchases, is a strategic priority for us," Greg Garland, chairman and CEO of Phillips 66, said in an Oct. 9 news release.

Any repurchased shares will be held as treasury shares. The new program raises Phillips 66's total authorization for share repurchases to $12 billion since the third quarter of 2012, according to the release.

Phillips 66 is an energy manufacturing and logistics company involved in the midstream, chemicals and refining businesses.