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On July 18, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Lesothos Foreign Minister Tao in Shanghai. Tao was in China to attend the World Artificial Intelligence Conference. Wang Yi welcomed Tao to China to attend the conference and to sign the agreement on establishing the World Artificial Intelligence Cooperation Organization on behalf of the Lesotho government. Wang Yi stated that no country should be left behind in the development of artificial intelligence, especially developing countries, which should enjoy their legitimate rights to technological development. Chinas promotion of the establishment of the World Artificial Intelligence Cooperation Organization is aimed at enhancing the capacity building of countries in the Global South, enabling all countries to jointly embrace the new technological era, and ensuring that artificial intelligence benefits all mankind. Chinas diplomacy has always adhered to the principle of equality among all countries, regardless of size. Although China and Lesotho differ in area and size, they have always been strategic partners of mutual trust and support. China will continue to support Lesotho in safeguarding its sovereignty, security, and development interests, encourage Chinese enterprises to invest and do business in Lesotho, welcome more Lesotho specialty products to be exported to China, and promote bilateral relations to a wider range and a higher level.Ukrainian President Zelensky: Ukraine attacked two major logistics facilities in the Moscow and Tambov regions of Russia and also struck Russian oil facilities.July 18th - According to real-time data from Lighthouse Pro, as of 16:02 on July 18th, the total box office (including pre-sales) for the 2026 summer movie season (June 1st - August 31st) has exceeded 4 billion yuan! "Kung Fu Womens Soccer", "Letters to Grandma", "Toy Story 5", "Minions and Monsters", and "Four Crossings" are currently ranked in the top 5 at the box office.On July 18, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto in Shanghai. Airlangga Hartarto was in China to attend the World Artificial Intelligence Conference. Wang Yi emphasized that under the strategic guidance of the two heads of state, the building of a China-Indonesia community with a shared future has made positive progress in recent years. As representatives of the Global South and emerging economies, China and Indonesia share similar development goals, extensive common interests, and obvious complementary advantages. Both sides should strengthen the alignment of their development strategies, move in the same direction, actively interact, eliminate interference, maintain focus, and continuously deepen mutually beneficial cooperation in various fields, setting an example of solidarity, mutual assistance, and self-reliance in the Global South. China appreciates the Coordinating Ministers reiteration of welcoming Chinese enterprises to invest and cooperate in Indonesia and hopes that Indonesia will provide a fair and just business environment for this. China-Indonesia cooperation is not directed against any third party and should not be interfered with by any third party. Both sides should take the lead in upholding the multilateral trading system, jointly oppose "decoupling and supply chain disruptions," and safeguard the security and stability of global supply chains. China is willing to work closely with Indonesia in international and regional affairs to promote the building of a China-Indonesia community with a shared future with regional and global influence, contributing to the common development of both countries and humanity.The Iranian Revolutionary Guard launched a devastating missile and drone strike on fighter bunkers and large aircraft parking aprons at a U.S. military base in Azraq, Jordan.

Phillips 66 Trademarks Mark Lashier will Succeed Greg Garland as CEO

Haiden Holmes

Apr 13, 2022 09:44

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Lashier, a chemical engineer who joined the firm three decades ago in the chemicals division, was named president and chief operating officer a year ago after leading Chevron Phillips Chemical Co, the company's joint venture with Chevron Corp (NYSE:CVX), since 2017.


Garland has considered refining as a mature company and has concentrated its efforts on expanding its energy infrastructure, chemicals, and establishing a presence in electric vehicle battery components. It spent around $150 million last year for a 16.5% share in Novonix Ltd, an Australian provider of lithium-ion battery materials.


Garland "built a market-leading diversified energy manufacturing and logistics organization while investing for the future and producing solid financial returns," according to Glen Tilton, lead independent director of Philips 66.


Although the Houston company's non-refining initiatives have generated great shareholder returns, its shares have lately underperformed bigger competitors that benefitted from increasing gasoline margins during pandemic lockdowns.


Lashier is expected to pursue Garland's diversification approach, which includes biofuels, hydrogen, and battery components. However, he must demonstrate that he can match competitors Marathon Petroleum Corp (NYSE:MPC) and Valero Energy (NYSE:VLO), which increased shareholder returns by selling off retail operations and diversifying into renewable diesel, analysts said.


Phillips 66 (NYSE:PSX) traded at $81.97 on Tuesday, up 13% year to date, compared to 34% year-to-year gains at Marathon and Valero and around 96% year-to-date gains at PBF Energy (NYSE:PBF).


"Lashier's task is to increase the company's value," Matthew Blair, an analyst at Tudor Pickering Holt & Co., said. "He will face inquiries regarding the company's non-refining businesses' value and what he can do to boost stock price performance and capitalize on the potential valuation."

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