Phillips 66 Says It’s The Third-Largest Buyer Of Venezuelan Crude As Trump Blasts Exxon And Chevron

{
  "signal_id": "5c670500-2153-9aae-0c30-bcaf739cd393",
  "signal_type": "news",
  "signal_subtype": "has_earnings",
  "detected_at": "2026-08-05T20:25:21+00:00",
  "company": {
    "name": "Phillips 66",
    "domain": "phillips66.com"
  },
  "data": {
    "url": "https://www.forbes.com/sites/antoniopequenoiv/2026/08/05/phillips-66-says-its-the-third-largest-buyer-of-venezuelan-crude-as-trump-blasts-exxon-and-chevron/",
    "title": "Phillips 66 Says It’s The Third-Largest Buyer Of Venezuelan Crude As Trump Blasts Exxon And Chevron",
    "author": "Antonio Pequeño IV, Forbes Staff",
    "excerpt": "By Antonio Pequeño IV , Forbes Staff. Phillips 66 stated in its earnings call Wednesday that it has become the world's third-largest buyer of Venezuelan crude, doing so through a fleet expansion and Jones Act waivers as President Donald Trump has pressured Exxon and Chevron over increased profits fueled by the Iran war. Phillips 66 marketing chief Brian Mandell said the company’s increased purchases of Venezuelan crude is part of a strategy to build a leading position in discounted heavy grades. The company’s surge in Venezuelan purchases has been bolstered by the Trump administration issuing waivers suspending rules around the Jones Act, a law requiring maritime goods transported between American ports to be carried on ships built and operated by Americans, with Phillips 66 receiving around 20% of all exemptions granted. The White House is expected to extend the waiver this month, according to Reuters , as Trump has targeted Phillips 66 rivals Exxon and Chevron, saying they are “making too much money” as the Iran war has driven up crude oil prices. Mandell also said Phillips 66’s time-charter fleet has grown fourfold in the last two years, supporting about 40% of the company’s asset-backed crude and product demand. Phillips 66 shares fell 1.7% to $202.39 on Wednesday, its lowest point in three weeks. However, the company’s stock has risen 57% since the start of the year, when...",
    "summary": "Phillips 66 reported a net income of $3.8 billion in its latest quarter, its highest since 2022.",
    "planning": false,
    "image_url": "https://imageio.forbes.com/specials-images/imageserve/6a739b8e4c53d1939f56e335/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds",
    "confidence": 0.9,
    "published_at": "2026-08-05T20:25:21Z",
    "article_sentence": "The company reported $3.8 billion in net income in its latest quarter, an $887 million increase from the same period last year.",
    "amount_normalized": 3800000000
  }
}

curl https://signals.autobound.ai/v1/signals/5c670500-2153-9aae-0c30-bcaf739cd393 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"phillips66.com","limit":20}'