Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock?
Phillips 66 (PSX) concluded the recent trading session at $166.44, signifying a +1.04% move from its prior day's close.
Phillips 66 (PSX) Presents at Morgan Stanley Energy & Power Conference 2026 Transcript
Phillips 66 remains a buy, supported by refining modernization, midstream growth, and favorable crack spreads amid heightened geopolitical risk. PSX benefits from sourcing Venezuelan crude and widening crack spreads, with near-term margins above the long-term $25 norm. Refining utilization and operating cost reductions structurally enhance margins, while midstream EBITDA targets of $4.5B by 2027 appear attainable.
Phillips 66 stands to gain as the EIA predicts falling crude prices through 2027, while its expanding midstream arm generates steady, fee-based cash flows.
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron , according to sources familiar with the efforts.
PSX could ride softer WTI prices as rising global inventories pressure crude, potentially boosting refining margins in 2026.
Phillips 66 (PSX) Q4 2025 Earnings Call Transcript
PSX delivers a Q4 earnings beat as higher realized refining margins worldwide and higher midstream volumes lift results.
Refiner Phillips 66 beat Wall Street estimates for fourth-quarter profit on Wednesday, as a rebound in U.S. refining margins lifted earnings after a prolonged slump in 2024.
U.S. refiner Phillips 66 can process around 250,000 barrels per day of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Phillips 66 (PSX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2025.