Phillips 66 (PSX)
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.
Phillips 66 (PSX) Q2 Earnings Beat, Revenues Increase Y/Y
Phillips 66's (PSX) Q2 earnings benefit from record NGL volumes and peak refining crude utilization, partially offset by increased total costs and expenses.
Phillips 66 reports lower second-quarter profit
Refiner Phillips 66 posted a fall in quarterly profit on Tuesday, hurt by a slump in margins due to a tepid summer driving season and a rise in global refining capacity.
Phillips 66 (PSX) Stock Declines While Market Improves: Some Information for Investors
Phillips 66 (PSX) concluded the recent trading session at $142.21, signifying a -0.21% move from its prior day's close.
What's in Store for Phillips 66 (PSX) This Earnings Season?
Refining turnaround costs and higher input expenses are likely to have hurt Phillips 66's (PSX) Q2 earnings.
Earnings Preview: Phillips 66 (PSX) Q2 Earnings Expected to Decline
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.
ExxonMobil Is a Rock-Solid Dividend Stock, but So Is This Dirt Cheap Value Stock That Paid $1.8 Billion in Dividends Over the Past Year
Phillips 66 has been working to restore investor confidence after a historically bad year in 2020. The company has a clear plan for generating higher earnings and operating cash flow.
Phillips 66 (PSX) Modernizes Data Protection Operations
After a thorough competitive evaluation, Phillips 66 (PSX) selects Cohesity DataProtect to consolidate its data protection efforts into a single, unified platform.
Phillips 66 (PSX) Outperforms Broader Market: What You Need to Know
The latest trading day saw Phillips 66 (PSX) settling at $138.64, representing a +1.26% change from its previous close.
Phillips 66: Sell-Off Creates Opportunity, Given Likely Q2 Acceleration (Rating Upgrade)
Phillips 66 stock has declined by 23% since April due to concerns about the refining cycle and relative valuation. Despite recent weakness, Phillips 66 is the most diversified of the three large US refiners, aiming to generate the majority of EBITDA away from refining. Recent performance has been impacted by narrowing crack spreads, but signs of improvement in product demand and the Hurricane Season should support wider spreads.
