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0.000113520263367123 1.51360351161039E-06 -0.000491921141257031 -0.00109736254588097 -0.00147576342377109 -0.00548681272940549 -0.00548681272940549 -0.00548681272940549
Stock impact report

Phillips 66 faces federal charges, accused of polluting LA sewers with 790,000 gallons of wastewater [CBS News]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: CBS News
A federal grand jury returned a six-count indictment this week charging the Houston-based corporation with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act, the U.S. Attorney's Office for the Central District of California said Thursday. The charges were filed in connection with two spills that happened within three months of each other, when federal prosecutors allege a total of 790,000 gallons of heavily polluted wastewater was dumped into LA county sewers from the company's oil processing plant in Carson. Last month, Phillips 66 announced it was closing the Carson facility and the rest of its refinery in the Los Angeles neighborhood of Wilmington — blaming the shutdown on market dynamics and concerns over the "long-term sustainability" of the LA refinery. CBS News Los Angeles has reached out to Phillips 66 for comment. The publicly traded energy giant, which reported earnings of $7 billion in 2023 , could face Show less Read more
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