PSX News and Press, Phillips 66 From 09/23/22

It's Friday morning -- two days after the Federal Reserve raised interest rates 0.75%, and one day after seemingly every other central bank in the world followed suit, according to The Wall Street Journal -- and oil stocks are tanking. As of 9:50 a.m. ET, shares of oil company ...

The past year has been painful for stock investors. The S&P 500 index , which tracks 500 of the largest U.S. stocks, is down 11% at this writing on Sept. 21, and over 19% below its 52-week high. Every single sector is down at least 4% from its high. The only stock sector that's deli...

Summary The company reported second-quarter 2022 adjusted earnings per share of $6.77 from $0.77 a year ago, beating analysts' expectations. On August 17, 2022, Phillips 66 announced that it made an offer to acquire outstanding publicly held common units of DCP Midstream, LP. ...

Summary PSX has dropped $6 since my last Seeking Alpha article recommending investors HOLD the stock due to the pending DCP acquisition bid. That does not appear to be rational given PSX could earn $16/share this year and the new 150,000 bpd Frac4 unit is expected to come online a...

Summary OPEC+ decided to cut production targets by 100,000 barrels per day starting in October 2022. Phillips 66 (PSX) plans to increase its economic interest in DCP Midstream, LP. Enterprise Products Partners L.P. (EPD) announced three projects. Midstream MLPs performance...

Shares of Phillips 66 (NYSE: PSX) fell as much as 5.6% by 11:30 a.m. ET on Thursday. The primary factor weighing on the refining stock was lower oil prices. Another likely contributor was the follow through from an analyst downgrade on Wednesday. Cr...

Are These The Best Natural Gas Stocks To Buy In The Stock Market Today? Natural gas stocks are a type of energy stock that represents ownership in a company involved in the production, transportation, or distribution of natural gas. For starters, natural gas is used for a variety of...

Summary Strong and steady yield and the prospect of substantial capital gains make MLPA lucrative for both growth-seeking and income-seeking investors. Historically, MLPA has been successful in generating positive total return due to its strong and steady yield, at times when the ...

The following slide deck was published by Phillips 66 in conjunction with this event. For further details see: Phillips 66 (PSX) Investor Presentation - Slideshow

The following slide deck was published by Phillips 66 in conjunction with their 2022 Q2 earnings call. For further details see: Phillips 66 2022 Q2 - Results - Earnings Call Presentation