Phillips 66 Aktie News

The Houston-based oil and gas company Phillips 66 is named after the bygone era of early American automobiles that drove Route 66—and were fueled by Phillips Petroleum's 66 octane gasoline.

Top oil companies will meet with President Donald Trump on Friday to discuss rebuilding Venezuela's oil industry.

The largest oil companies are likely to move slower in terms of making investments in Venezuela, with wildcatters or independent oil companies likely to move much more quickly, U.S. Treasury Secretary Scott Bessent said on Thursday.

Chevron is the only one of the three major U.S. oil companies that operates in Venezuela. ConocoPhillips and ExxonMobil exited Venezuela in 2007 after Hugo Chávez nationalized the industry.

U.S. oil companies want "serious guarantees" from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets, the Financial Times reported on Wednesday.

The U.S. is planning big changes for Venezuela's oil industry after ousting the country's president. Shares of a handful of U.S. companies stand to benefit from the upheaval.

President Trump intends to meet representatives of the three largest U.S. oil companies and other domestic producers at the White House on Friday to discuss making significant investments in Venezuela's oil sector, according to people familiar with the matter.

Refiners in the U.S. have the distinctive ability to handle the type of heavy crude Venezuela claims to have in abundance.