PSX - Phillips 66 Posts Stellar 2018 Performance But Tricky Road Ahead
Phillips 66 (NYSE:PSX) posted a solid earnings report for the final quarter of 2018 that rounded out what was a great year for the firm. Wall Street clearly liked the news and bid the shares up 2% by the end of the trading day on Friday. Note that Phillips 66 consolidates its performance with its core midstream spin-off Phillips 66 Partners LP (NYSE:PSXP). Phillips 66 is popular with many income-oriented investors because it yields 3.4% and has continuously raised its payout. Let’s dig in.
Source: Phillips 66
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