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Phillips 66Investment

Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude

What happened

Phillips 66 Company invested into assets: cargo of Venezuelan crude on Jan 1st '26.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude. U.S. refiner Phillips 66 can process around 250,000 bpd of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday. The price for Venezuelan crude does, however, have to be competitive, and Venezuelan crude may displace some other sources of heavy crude including Western Canadian Select, Lashier said. "It'll kind of rebalance and as always, find a new normal," the executive added. Phillips 66 purchased a cargo of Venezuelan crude from trading house Vitol last month. The cargo was traded for delivery to the U.S. Gulf Coast at a discount of about $8.50 to $9.50 a barrel to Brent crude, sources said. Before sanctions were imposed on Venezuela in 2019, several large U.S. Gulf Coast refineries bought and processed up to 800,000 bpd of Venezuela's heavy oil, according to U.S. government data.

hydrocarbonprocessing.com/news/2026/02/refiner-phillips-66-can-proces...Read the full source

Extracted by Autobound

From the Signal API record
Event
Investment

What this signalsA large capital project often starts a round of vendor buying.

Takes effect
Jan 1, 2026

More investment signals at other companies

The full record

From the Signal API record

Details

Assets
cargo of Venezuelan crude
Category
Invests into assets

Extraction

Confidence
64%
Detected
Feb 3, 2026
signal_type
news
signal_subtype
invests_into_assets

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This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/22b4a027-a9c6-4e0e-9d86-a14c93762bec returns this record as JSON. POST /v1/companies/enrich returns every signal for phillips66.com.

{
  "signal_id": "22b4a027-a9c6-4e0e-9d86-a14c93762bec",
  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-02-03T17:08:36+00:00",
  "company": {
    "name": "Phillips 66",
    "domain": "phillips66.com"
  },
  "data": {
    "url": "https://hydrocarbonprocessing.com/news/2026/02/refiner-phillips-66-can-process-250-000-bpd-of-venezuelan-crude",
    "title": "Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude",
    "assets": "cargo of Venezuelan crude",
    "excerpt": "Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude.\n\nU.S. refiner Phillips 66 can process around 250,000 bpd of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday.\n\nThe price for Venezuelan crude does, however, have to be competitive, and Venezuelan crude may displace some other sources of heavy crude including Western Canadian Select, Lashier said.\n\n\"It'll kind of rebalance and as always, find a new normal,\" the executive added.\n\nPhillips 66 purchased a cargo of Venezuelan crude from trading house Vitol last month. The cargo was traded for delivery to the U.S. Gulf Coast at a discount of about $8.50 to $9.50 a barrel to Brent crude, sources said.\n\nBefore sanctions were imposed on Venezuela in 2019, several large U.S. Gulf Coast refineries bought and processed up to 800,000 bpd of Venezuela's heavy oil, according to U.S. government data.",
    "summary": "Phillips 66 Company invested into assets: cargo of Venezuelan crude on Jan 1st '26.",
    "category": "invests_into_assets",
    "found_at": "2026-02-03T17:08:36Z",
    "planning": false,
    "image_url": "https://hydrocarbonprocessing.com/media/oxzpk5yd/hp-january-2025-sustainability.jpg?width=100",
    "confidence": 0.6437,
    "published_at": "2026-02-03T17:08:36Z",
    "effective_date": "2026-01-01",
    "article_sentence": "Phillips 66 purchased a cargo of Venezuelan crude from trading house Vitol last month."
  }
}

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