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PSX - Phillips 66 - That One Big Reason To Buy Shares
Phillips 66
Phillips 66 has been through a lot because of the pandemic. Now, its business is coming back roaring, providing a way for strong dividend hikes and buybacks.
The company has a healthy balance sheet and invested a lot in growth projects, paving the way for strong free cash flow going forward.
I like the valuation and believe that the company's ability to generate consistent free cash flow is the main reason to add PSX to a dividend (growth) portfolio.