PSX News and Press, Phillips 66 From 10/10/22

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Organization of the Petroleum Exporting Countries (OPEC) and its non-member allies (OPEC+) cut crude oil production by two million barrels per day. Naturally, this action imposes supply flow disruptions that sent pric...

The price of oil jumped on Tuesday as OPEC considered cutting 1-2 million barrels of production per day. Why is oil still so volatile and what can we expect in the future? Travis Hoium covers that in the video below, including why Phillips 66 (NYSE: PSX) and ExxonMobil (NYSE: ...

Summary Novonix is not a high-profile battery technology innovator, but they are steadily setting up production. The company offers a compelling speculative battery play that is supported by measured expenditures, technological benefits, and plenty of cash on hand. The price h...

Oil stocks were gaining broadly today as the stock market jumped to start the fourth quarter, and as the price of oil rose on signs that OPEC+, which includes Russia, may cut its daily production. Crude oil futures rose 5% on the day, and Treasury yields were down sharply in response to...

Summary STORE Capital joins Preferred Apartments as the second REIT lost to acquisition this year. Projected 2022 income is up to $15,452 and the portfolio is still significantly beating the S&P. Even though bargains are appearing in the market, I am still being cautious w...

Summary In this article, I explain how I generate ideas and my methodology of adding companies to my watchlist. I also discuss certain areas of my watchlist, including merger arbitrage, semiconductor equipment, and defense contractors. I showcase my entire watchlist and discus...

Oil prices bounced higher on Wednesday. WTI, the main U.S. benchmark price, was up 4.5%, closing back above $80 a barrel after a recent dip into the $70s. That rebound in oil prices fueled a rally in oil stocks . Notable names on the upswing today were Chevron ...

Summary Large oil refiner Phillips 66, a $36.6 billion market cap company, pays a 5.1% dividend. Profits come from midstream, chemicals, refining, and marketing & specialties. 2Q22 results were exceptional and 3Q22 results are likely to be strong. However, a longer-term re...

Summary The U.S. refiner reported second-quarter 2022 adjusted earnings of $11.36 per share, significantly increasing from $0.48 per share in the year-ago quarter. The third quarter will probably show a correction from extremely favorable margins experienced in the second quarter ...

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 ...