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PHILLIPS 66

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Phillips 66 : Reports Flaring at Sweeny Refinery in Texas

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03/14/2019 | 08:33pm EDT

By Dan Molinski

Phillips 66 on Thursday reported a flaring of gases after a planned tune-up at its Sweeny refinery in Texas.

"During start-up operations after planned maintenance, pressures in 29.2D-205 increased while quenching the coke drum," the refinery said in a statement to the Texas Commission on Environmental Quality. "The unit relieved to the flare for 46 minutes."

It said the emissions-flaring happened Wednesday, and included the release of 240 pounds of carbon monoxide and nearly 5,700 pounds of sulfur dioxide. " Operations personnel reduced and stopped quench water flow, returned the unit to normal conditions, and reset the relief valves," it said.

The 247,000-barrel-a-day Sweeny refinery is in Old Ocean, southwest of Houston.

Write to Dan Molinski at dan.molinski@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
PHILLIPS 66 0.20% 98.72 Delayed Quote.14.59%
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Financials ($)
Sales 2019 111 B
EBIT 2019 6 144 M
Net income 2019 4 253 M
Debt 2019 8 709 M
Yield 2019 3,46%
P/E ratio 2019 10,74
P/E ratio 2020 8,26
EV / Sales 2019 0,48x
EV / Sales 2020 0,43x
Capitalization 44 909 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 120 $
Spread / Average Target 21%
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Managers
NameTitle
Greg C. Garland Chairman & Chief Executive Officer
Kevin J. Mitchell CFO, Executive VP-Finance & Investor Relations
Victoria J. Tschinkel Independent Director
James Brian Ferguson Independent Director
Harold W. McGraw Independent Director
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