When Phillips 66 PSX releases earnings results for its third quarter on Tuesday, Oct. 29, analysts expect the company to report quarterly earnings at $2.1 per share. That's down from $4.63 per share in the year-ago period.
In the closing of the recent trading day, Phillips 66 (PSX) stood at $132.99, denoting a +1.17% change from the preceding trading day.
PSX focuses more on businesses like midstream, renewables and chemicals. This makes the company?
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.
Phillips 66 (PSX) concluded the recent trading session at $130.31, signifying a +1.57% move from its prior day's close.
Phillips 66 (PSX) concluded the recent trading session at $125.72, signifying a +0.58% move from its prior day's close.
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 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.
PSX focuses more on businesses like midstream, renewables and chemicals. This makes the company's business model more stable.
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Phillips 66 operates both midstream and downstream assets. The company has steadfastly hiked its dividend since 2013.
U.S. oil refiner Phillips 66 plans to eliminate jobs to advance its strategic priorities and improve workforce efficiency, the company said on Tuesday.