PSX News and Press, Phillips 66 From 02/28/23

Summary Chevron held its Investor Day this morning (Tuesday, March 28) and shared why it believes the company is a compelling investment opportunity. In a nutshell, CVX believes it can continue delivering excellent shareholder returns by leveraging its advantaged portfolio, strong balan...

Summary PBF Energy's sale of a 50% interest in its St. Bernard Renewables biorefinery to Eni for $835-885 million in cash materially derisks both the project and the stock. Backing out the $1.7 billion value for biorefinery and $1 billion for recently acquired PBFX leaves PBF's 1.02 MMb...

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. For further details see: Dividend C...

Summary Phillips 66’s share price has been outperformed by the broad market and its peers over the last five years. Nevertheless, the business is very profitable, and has a resilient business model. The FCF and the business itself are trading at attractive multiples. Seni...

Mark Lashier, President and CEO of Phillips 66 (NYSE: PSX), and Jeff Dietert, Vice President of Investor Relations, will speak at the 51 st Annual Scotia Howard Weil Energy Conference on Tuesday, March 7, 2023, at 9:30 a.m. ET. The Phillips 66 leaders will discuss the company’s pla...

Summary The energy sector was - by far - the best performing sector of the market during the 2022 bear-market. Much of that was due to Russia's invasion of Ukraine and the resulting sanctions placed on Russia by the United States and its Democratic and NATO allies. However, damage t...

Summary Legacy Ridge Capital Management are contrarian investment managers who believe successful results can be achieved through a focused, long-term investing. Our partnership gained 12.5% gross and 10.3% net of performance fees in 2022. While we know we’ve missed some good...

Summary Marathon Petroleum Corporation reported strong operating performance for Q4 and the full year of 2022. Marathon Petroleum Corporation has a strong projects pipeline focused on growth, with a balance of traditional and low-carbon projects. Although the dividend yield has fall...

Shares of oil stocks dropped across the board on Friday, with upstream shale driller Devon Energy (NYSE: DVN) , refining and midstream giant Phillips 66 (NYSE: PSX) , and oil services provider Core Laboratories (NYSE: CLB) all falling sharply, down 5.4%, 4.3%, and 9.1%, re...

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...