Phillips 66 and Chevron Corp. are moving closer to deciding where to expand their chemical subsidiary on the Gulf Coast, pouring about $200 million in preliminary project planning and engineering, Phillips 66 Chief Executive Greg Garland said in an annual shareholders meeting Wednesday. And despite a huge drop in first quarter profits, Garland struck a positive tone at the Phillips 66 shareholders’ meeting held at the Marriot Westchase in Houston Wednesday.
Source: FuelFix
