Phillips 66 (PSX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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.
Phillips 66 to book $100 million charge as it winds down Los Angeles refinery
U.S. oil refiner Phillips 66 expects to book about $100 million of charges to idle its 139,000-barrel-per-day Los Angeles-area refinery, which will cease operations by year-end, the company said on Wednesday.
Can Phillips 66 Dethrone Valero Energy? A Seismic Acquisition Could Help The Company Steal The Top Spot
Phillips 66 is transforming its refining business through cost reductions and strategic portfolio shifts, aiming to become a low-cost industry leader. PSX is closing its high-cost LA refinery and acquiring full ownership of the Wood River and Borger refineries, both with industry-leading cost structures. These moves are expected to reduce PSX's average operating cost per barrel to $4.75-$5.00, positioning PSX to challenge Valero Energy as the industry leader.
Phillips 66's Bayway Refinery in New Jersey Faces Production Outage
PSX has reduced gasoline output at its Bayway refinery after a fire disrupted operations at a key unit.
Phillips 66: A Survived Proxy Fight And Growth
Phillips 66 remains a strong investment after weathering a challenge from Elliot Management, which I advised investors to disregard. The company's focus on its complex and diversified asset portfolio underpins its resilience and growth potential. Phillips 66's strategic priorities and operational discipline continue to drive shareholder value.
Phillips 66: The Trajectory Is Improving
Elliott's board involvement and recent asset sales signal a constructive shift toward focus and efficiency, supporting my continued buy rating on PSX. Operational improvements are evident: Q2 refining margins rebounded, utilization hit a six-year high, and cost per barrel dropped to a four-year low. Midstream growth and secure 4% dividend yield provide stability, but deleveraging remains a priority as debt exceeds management's target.
Phillips 66 hit with $800 million penalty in biofuel trade secrets case
U.S. refiner Phillips 66 was ordered to pay biofuel maker Propel Fuels $800 million in damages for stealing trade secrets to build up its renewable-fuel capabilities, according to a California state court document.
Phillips 66 (PSX) Q2 2025 Earnings Call Transcript
Phillips 66 (NYSE:PSX ) Q2 2025 Earnings Conference Call July 25, 2025 12:00 PM ET Company Participants & - Corporate Participant Brian M. Mandell - Executive Vice President of Marketing Commercial Donald A.
Phillips 66 Q2 Earnings & Revenues Beat on Higher Refining Margins
PSX Q2 earnings gain on increased refining volumes and higher realized refining margins worldwide.
Phillips 66 (PSX) Surpasses Q2 Earnings and Revenue Estimates
Phillips 66 (PSX) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $2.31 per share a year ago.
Phillips 66 beats second-quarter profit estimates on higher refining margins
Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses.
Stay Ahead of the Game With Phillips 66 (PSX) Q2 Earnings: Wall Street's Insights on Key Metrics
Get a deeper insight into the potential performance of Phillips 66 (PSX) for the quarter ended June 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
