Phillips 66 is rated a Buy, driven by a structural global refining capacity gap supporting elevated crack spreads and earnings. I project $27.3 billion in after-tax earnings for PSX over the next four years, with refining as the primary earnings engine. PSX is on track to meet debt-reduction targets ahead of schedule, enabling significant capital returns via buybacks and dividends.
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Phillips 66 (PSX) concluded the recent trading session at $255.31, signifying a +1.21% move from its prior day's close.
Phillips 66 is using artificial intelligence to predict outages within its refining systems, save on maintenance costs and increase crude processing, said Tandra Perkins, an executive vice president at the US refiner.
Does Phillips 66 (PSX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Phillips 66 (PSX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock?
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PSX combines profitable refining conditions with stable midstream cash flows, helping limit exposure to commodity price volatility.