PSX News and Press, Phillips 66 From 10/31/22

Phillips 66 ( NYSE: PSX ) is scheduled to announce Q3 results on Tuesday, Nov. 1, before market open. Consensus EPS estimate is $5.03 (+58.2% Y/Y) and consensus revenue estimate is $40.68B. Over the last 2 years, PSX has beaten EPS estimates 88% of the time and r...

Summary The SPDR Portfolio S&P 500 High Dividend ETF is composed of 80 companies that in aggregate have a 30-day SEC yield of 4.6%. To achieve that level of income, the fund is currently overweight the financial, utility, REIT, and energy sectors. Meantime, the P/E of the ...

Phillips 66 ( NYSE: PSX ) has begun cutting employees at several refineries, refined products terminals and offices as part of a restructuring program, Reuters reported Wednesday. The job cuts affect a small number salaried employees in management and upper-level technic...

Summary The iShares U.S. Energy ETF is benefiting from the macro environment - including Putin's horrific war-of-choice on Ukraine, which has effectively broken the global energy supply chain. IYE yields 3.7% and is up 59% YTD. The ETF is significantly overweight in Exxon (21....

Summary Phillips 66 is about to report its Q3 2022 results next week. Right now investors are acutely aware of the impact that China's restrictive lockdown policies are having on oil prices. Too aware, if you will. Phillips 66 has a clear-cut capital return program to return 4...

Summary Phillips 66 saw its stock gain nearly 36% from its September lows to its recent highs. However, we noted that the underlying gasoline futures performance does not reflect such optimism. We also assess that industry analysts could be too optimistic about the earnings estima...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips When considering oil stock predictions for 2023, the arguably logical choice is that valuations for the sector will rise. Fundamentally, skyrocketing inflation this year imposed substantial burdens on consumers. Moreover, w...

Phillips 66 debuts EV charging program in the U.S. with installation of first ultrafast chargers at a Houston fuel station Phillips 66 (NYSE: PSX) announced the installation of FreeWire ultrafast electric-vehicle chargers at its flagship fuel station near its headquarters in...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Markets have been wildly volatile. Since August the Dow Jones Industrial Average is down about 15%. All thanks to sky-high inflation, lower consumer spending , Russia, North Korea and concerns the Federal Reserve could p...

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...