Phillips 66 CEO Mark Lashier said at the Reuters Global Energy Forum in New York on Wednesday that refining and petrochemical earnings face greater volatility due to uncertainty from disruptions in the Strait of Hormuz.
U.S. refiner Phillips 66 CEO Mark Lashier said on Tuesday it would take time for crude supplies to clear through the Strait of Hormuz, as uncertainty remains around a return to normal shipping activity.
Phillips 66 (PSX) Presents at J.P. Morgan Energy, Power & Renewables Conference 2026 Transcript
Phillips 66 has navigated past material risks, such as the DAPL dispute, through strategic diversification. Current volatility, driven by geopolitical uncertainty like the Iranian situation, presents potential entry points for investors seeking value in PSX's diversified margin-driven model. PSX's commitment to an investment-grade credit rating underpins industry outperformance.
Phillips 66 (PSX) closed the most recent trading day at $173.26, moving 3.45% from the previous trading session.
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In the closing of the recent trading day, Phillips 66 (PSX) stood at $179, denoting a -2.41% move from the preceding trading day.
In the latest trading session, Phillips 66 (PSX) closed at $180.24, marking a +2.48% move from the previous day.
Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Does Phillips 66 (PSX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Refiner Phillips 66 said on Monday it would move ahead with the Zeus Gas Plant in the Permian Basin and a third Coastal Bend Fractionator in Texas, expanding its network to capture growing volumes of gas and natural gas liquids from the top U.S. shale field.