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PSX - Phillips 66: Configured For Continued Profit Growth
Phillips 66
Phillips 66’s diversified business segments, complex refineries, and investments in decarbonization will fuel steady cash flow generation going forward.
The company’s refinery segment saw improved volumes and an increase in realized margins, from $8.57 per barrel in 4Q20 to $11.60 per barrel in 4Q21.
Phillips 66’s stock is priced as if profits will remain 40% below current levels.