PSX News and Press, Phillips 66 From 02/06/23

Summary Investors have the opportunity to take advantage of a minor, post-earnings selloff for PSX. Refining strength is driving Phillips 66’s profit growth. Phillips 66 has an attractive P/E ratio of below 5x. Phillips 66 ( PSX ) is an integrated energy com...

Phillips 66 (PSX) Q4 2022 Earnings Conference Call January 31, 2023, 12:00 PM ET Company Participants Jeff Dietert - VP of IR Mark Lashier - President, CEO and Director Kevin Mitchell - EVP and CFO Rich Harbison - SVP of Refining Brian Mandell - EVP of Marketin...

Phillips 66 ( NYSE: PSX ) is Tuesday's biggest loser on the S&P 500, -6.1% , after the refiner missed Wall Street estimates for Q4 adjusted earnings, despite rising to $4.00/share from $2.96 in the year-ago quarter. Q4 adjusted pretax profit jumped 49% Y/Y to $2.61B but came i...

Phillips 66 press release ( NYSE: PSX ): Q4 Non-GAAP EPS of $4.00 misses by $0.35 . Generated $4.8 billion of operating cash flow Authorized $5 billion increase to the share repurchase program Approved $2 billion 2023 capital program Phillips 66 generated $4.8 bill...

Fourth Quarter Reported fourth-quarter earnings of $1.9 billion or $3.97 per share; adjusted earnings of $1.9 billion or $4.00 per share Generated $4.8 billion of operating cash flow Returned $1.2 billion to shareholders through dividends and share repurchases Authorized $5 bi...

Bear markets can be a great time to buy down-beaten stocks at discount prices. But sometimes, stocks go up during bear markets for the right reasons. It's human nature to want to buy something at a discount. But basing whether a stock is expensive or cheap on the price action alone isn't a re...

Phillips 66 ( NYSE: PSX ) is scheduled to announce Q4 earnings results on Tuesday, January 31st, before market open. The consensus EPS Estimate is $4.45 (+51.4% Y/Y) and the consensus Revenue Estimate is $40.33B. Over the last 2 years, PSX has beaten EPS estimates 88% of t...

Summary PBF enters 2023 at just 1.89x 2022 estimated earnings and near tangible book value. Despite being up a whopping 176% over the last year, Enterprise Value is roughly flat as PBF used the enormous cash flow to retire debt. Crack spreads could stay high this year due to a combi...

Texas refinery meets standards to process pyrolysis oil from hard-to-recycle waste plastics into sustainable feedstocks Phillips 66 (NYSE: PSX) today announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texa...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips With uncertainty baked into the possibilities for the new year, investors may want to shift their focus toward the best dividend stocks to buy. Now, don’t misinterpret what I’m trying to say: it’s not that ...