PSX News and Press, Phillips 66 From 02/16/23

Richard Harbison, Senior Vice President of Refining at Phillips 66 (NYSE: PSX), and Jeff Dietert, Vice President of Investor Relations, will participate in a fireside chat at the Bank of America Securities 2023 Refining Conference on Thursday, March 2, 2023, at 12 p.m. ET. The Phillips 66 lea...

Summary The DCP Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units are preferred shares from DCP. DCP Midstream is set to be acquired by Phillips 66 as announced earlier this year. Phillips 66 is a highly rated A3 company that has no balance sheet constr...

Summary Cenovus is scheduled to release its Q4 and full-year 2022 results on Thursday. Expect a meaningful reduction in the company's year-over-year debt load. That's because, as of Q3, debt had already dropped from C$12.4 billion at year-end 2022 to C$8.8 billion (-29%). I expect furth...

Summary A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. Introduction The Dividend Champions list is a m...

Summary IWS tracks the Russell Midcap Value Index. It is well-diversified across sectors and holdings. It has lagged the S&P Mid-Cap 400 Value Index since inception. Most value indexes have two shortcomings. IWS strategy and portfolio The iShares Russell Mid-Ca...

Summary Three companies have been removed from my watchlist and added to the active portfolio. I added four new companies to my watchlist. I list the companies I'm most closely following over the next few months. While I have typically done my watchlist article bi-monthly,...

Summary LyondellBasell is a $32.2 billion market cap company paying a 4.8% regular dividend. Its primary business is global chemicals - it is a leading ethylene producer, for example. The company was less profitable in 2022 than in 2021 due to higher energy and feedstock costs, but that...

Phillips 66 ( NYSE: PSX ) declares $1.05/share quarterly dividend , 8.2% increase from prior dividend of $0.97. Forward yield 4.09% Payable March 1; for shareholders of record Feb. 21; ex-div Feb. 17. See PSX Dividend Scorecard, Yield Chart, & Dividend Growth...

Summary After a multi-year hiatus, Phillips 66 restarted dividend growth in 2022, and this appears set to continue into 2023 and beyond. Due to the Russian invasion of Ukraine and the resulting never-before-seen refining margins, 2022 was a record-setting year. They are acquiring DC...

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...