Phillips 66 (PSX) Posts Q2 EPS of $1.84

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Go back to Phillips 66 (PSX) Posts Q2 EPS of $1.84

Phillips 66 (PSX), Energy Transfer (ETP), Sunoco Logistics (SXL) Form JV for Bayou Bridge Pipeline

July 31, 2015 7:59 AM EDT

Phillips 66 (NYSE: PSX), Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics Partners L.P. (NYSE: SXL) announced that they have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, Louisiana. The joint venture will also launch an expansion open season for service to the market hub in St. James, Louisiana. Phillips 66 holds a 40 percent interest in the joint venture and Energy... More