Phillips 66 (PSX) Stock Drops Despite Market Gains: Important Facts to Note
In the closing of the recent trading day, Phillips 66 (PSX) stood at $129.47, denoting a -1.25% change from the preceding trading day.
Why the Market Dipped But Phillips 66 (PSX) Gained Today
Phillips 66 (PSX) concluded the recent trading session at $130.31, signifying a +1.57% move from its prior day's close.
Here's Why Phillips 66 (PSX) Gained But Lagged the Market Today
Phillips 66 (PSX) concluded the recent trading session at $125.72, signifying a +0.58% move from its prior day's close.
Phillips 66 Divests Non-Core Natural Gas Assets in Texas Deal
PSX offloads non-core natural gas assets in East Texas to Voyager Midstream, advancing its plan to generate $3 billion by 2024 through asset sales.
Voyager Midstream acquires some natgas assets from Phillips 66
Voyager Midstream Holdings, a portfolio firm of Pearl Energy Investments, said on Tuesday it has acquired some natural gas gathering and processing assets from Phillips 66 to boost its presence in Haynesville shale.
Here's Why Retain Strategy is Apt for Phillips 66 Stock Now
PSX focuses more on businesses like midstream, renewables and chemicals. This makes the company's business model more stable.
2 Cheap, Misunderstood Stocks With Dividends Set To Surge
Don't worry—we haven't missed out on the bargains from the August 5 “flash crash.” We've still got a sweet setup for surging dividends in a sector most people completely misunderstand.
How Much Will Phillips 66 Pay Out in Dividends This Year?
Phillips 66 operates both midstream and downstream assets. The company has steadfastly hiked its dividend since 2013.
Oil refiner Phillips 66 plans job cuts
U.S. oil refiner Phillips 66 plans to eliminate jobs to advance its strategic priorities and improve workforce efficiency, the company said on Tuesday.
Phillips 66 (PSX) Q2 Earnings Top on Solid Midstream Business
Despite being a leading global refiner in the United States, Phillips 66 (PSX) is steadily shifting its focus to its midstream business, which significantly contributed to its Q2 earnings.
The Value Of Phillips 66's Midstream Assets Shine Bright In 2024
Refining crack spreads have remained weak through peak driving season. Despite these market conditions, PSX's diverse business makeup through midstream, retail and chemical segments have shown capable to create an earnings floor for the company. The company remains capable of generating large amounts of cash despite weak crack spreads. I expect an additional $3 billion to be returned to shareholders through the end of this.
Higher Midstream Revenue Boosts Results at Phillips 66
Shares of Phillips 66 (PSX) jumped in intraday trading Tuesday after the energy company posted better-than-anticipated results on higher midstream profit.
