Phillips 66 remains a strong investment after weathering a challenge from Elliot Management, which I advised investors to disregard. The company's focus on its complex and diversified asset portfolio underpins its resilience and growth potential. Phillips 66's strategic priorities and operational discipline continue to drive shareholder value.
Elliott's board involvement and recent asset sales signal a constructive shift toward focus and efficiency, supporting my continued buy rating on PSX. Operational improvements are evident: Q2 refining margins rebounded, utilization hit a six-year high, and cost per barrel dropped to a four-year low. Midstream growth and secure 4% dividend yield provide stability, but deleveraging remains a priority as debt exceeds management's target.
U.S. refiner Phillips 66 was ordered to pay biofuel maker Propel Fuels $800 million in damages for stealing trade secrets to build up its renewable-fuel capabilities, according to a California state court document.
Phillips 66 (NYSE:PSX ) Q2 2025 Earnings Conference Call July 25, 2025 12:00 PM ET Company Participants & - Corporate Participant Brian M. Mandell - Executive Vice President of Marketing Commercial Donald A.
PSX Q2 earnings gain on increased refining volumes and higher realized refining margins worldwide.
Phillips 66 (PSX) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $2.31 per share a year ago.
Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses.
Get a deeper insight into the potential performance of Phillips 66 (PSX) for the quarter ended June 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Phillips 66 (NYSE: PSX) is scheduled to announce its fiscal second-quarter earnings on Friday, July 25, 2025. Analysts expect the company to declare earnings of $1.75 per share with sales amounting to $32.1 billion.
Beyond analysts' top-and-bottom-line estimates for Phillips 66 (PSX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.
Phillips 66 (PSX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Phillips 66 offers a solid 3.9% dividend yield, robust cash flow, and a strong history of shareholder returns, making it an attractive value and income pick. Recent headwinds from turnaround activity are largely behind, setting the stage for a rebound in earnings and cash flow in upcoming quarters. Strategic expansion in the NGL value chain and the accretive EPIC acquisition position PSX to benefit from long-term secular growth in petrochemicals.