PSXP - Phillips 66: Another Success Story Among Refiners
Source: The Street/Bloomberg
Investment Thesis
Many investors are considering the Houston, Texas-based Phillips 66 (PSX) as the most iconic US stock and it ought to be owned as a long-term investment in any savvy investor's portfolio.
Phillips 66 is one of the world’s largest downstream oil corporations.
In term of revenues versus net income, Phillips 66 is excellent if we compare to Valero (VLO) or Marathon Petroleum (MPC) in this "refiners" segment. For the ones who are interested, I suggest reading my recent article about Valero Energy about its