PSX News and Press, Phillips 66 From 12/21/22

Summary The Invesco equal-weight RYE ETF attempts to mitigate concentration risks in the energy sector using the same strategy as sister fund - the RSP ETF - does in the S&P 500. The fund holds equal weight positions in 24 energy companies and rebalances on a quarterly basis. The TT...

Summary PBF Energy is a $5.2 billion market cap oil refiner. Its CFO departed suddenly in mid-December and the company is searching for a replacement. Two of PBF’s six refineries are in California and face both high costs and (at the moment) high margins due to heavy regulation t...

The energy industry has been on fire over the past year as an improving global economy has led to high energy prices and booming profits for energy companies. And many energy companies are making so much cash that they're increasing dividends, returning cash to shareholders at a rapid rate. ...

Summary There are a lot of false narratives being thrown about on how "green energy" is somehow responsible for the recent global energy crisis. However, the primary cause of the global energy crisis was arguably Russia's decision to attack Ukraine and cut off natural gas supplies to th...

Summary We've witnessed such a quick and sharp correction in the stock market that the S&P 500 nearly moved from bear-market to bull-market in a matter of weeks. Nonetheless, there are still plenty of signs suggesting that this rapid move isn't going to last much longer, therefore w...

This past year has been a fascinating one for the oil market. Crude prices rocketed into the triple digits following Russia's invasion of Ukraine. However, they've since given back most of those gains on concerns that rising interest rates to combat inflation will drive the economy into a recessi...

Phillips 66 ( NYSE: PSX ) -1.8% in Friday's trading after revealing a $2B capital budget for FY 2023 , including 50% of planned $1.1B in growth capital supporting low-carbon initiatives, compared to 45% allocated in the company's 2022 plan. Including Phillips 66's ( PSX ) ...

Continued Commitment to Disciplined Capital Allocation Phillips 66 (NYSE: PSX) today announced a 2023 capital program of $2 billion, including $865 million for sustaining capital and $1.1 billion for growth capital. Approximately 50% of growth capital supports lower-carbon opportunities. ...

Oil stocks have had a great run in 2022. Crude prices surged following Russia's invasion of Ukraine, enabling oil companies to feast on higher prices. While oil has cooled off considerably from its peak on concerns that demand could decline in 2023 if the global economy slows, most economists exp...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the Federal Reserve committed to tackling historically high inflation through hawkish monetary policies, it’s time for investors to consider the best stocks to buy for rising interest rates. Sure, some indicators su...