Analysts Estimate Phillips 66 (PSX) to Report a Decline in Earnings: What to Look Out for
Phillips 66 (PSX) doesn't possess 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 (PSX) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Phillips 66 (PSX) closed at $115.98, marking a +1.8% move from the previous day.
Why the Market Dipped But Phillips 66 (PSX) Gained Today
Phillips 66 (PSX) closed at $115.19 in the latest trading session, marking a +0.02% move from the prior day.
Wolfe Research upgraded Phillips 66 to Outperform, sees 'no value' in refining
Wolfe Research upgraded Phillips 66 to Outperform from Peer Perform with a $143 price target. The company's recent share performance has dropped Phillips 66 share price below the Discounted Cash Flow value of its portfolio as if refining did not exist, but for Phillips 66, a share price that has no value for refining means a margin recovery is a free option at current levels, the analyst tells investors in a research note. While a recovery in crack spreads remains a seasonal call, Wolfe does not anticipate margins significantly worsening from here, the firm adds.
Phillips 66 (PSX) Increases Despite Market Slip: Here's What You Need to Know
The latest trading day saw Phillips 66 (PSX) settling at $113.93, representing a +1.73% change from its previous close.
Phillips 66: Bottom Fishing At The Bottom Of The Refining Cycle (Rating Upgrade)
The near term outlook for refining is poor. However, it appears that the market is approaching a bottom as several refineries close globally. Each of these closures should improve profitability at neighboring PSX facilities, as well as improving the refining market on a macro level. At the bottom of this current cycle, PSX is expected to divest $2 billion worth of assets that what I find to be very attractive multiples.
Phillips 66 Sets $3B 2025 Capital Program Focused on Growth
PSX plans $3B in capital investments for 2025, focusing on key growth areas such as refining, midstream, renewable fuels and joint venture investments to drive long-term shareholder value.
Phillips 66 (PSX) Ascends But Remains Behind Market: Some Facts to Note
Phillips 66 (PSX) reachead $110.48 at the closing of the latest trading day, reflecting a +0.1% change compared to its last close.
Phillips 66 Optimizes Portfolio With $865M Pipeline Sale
PSX surpasses its $3B asset sale goal by selling a pipeline stake for $865M, highlighting its focus on portfolio optimization and shareholder value.
Why Phillips 66 (PSX) Dipped More Than Broader Market Today
The latest trading day saw Phillips 66 (PSX) settling at $115.83, representing a -0.4% change from its previous close.
This Magnificent Energy Stock Has Returned $43 Billion in Cash to Investors Since 2012 (and There's Plenty More to Come in 2025 and Beyond)
Phillips 66 (PSX -5.24%) has done a magnificent job returning value to shareholders since its spinoff from ConocoPhillips in 2012. The integrated downstream energy company has returned an impressive $43 billion in cash to its shareholders over the past dozen years.
Phillips 66 (PSX) Stock Declines While Market Improves: Some Information for Investors
Phillips 66 (PSX) closed the most recent trading day at $125.33, moving -0.23% from the previous trading session.
