PSX News and Press, Phillips 66 From 03/13/23

2023-03-13 10:11:38 ET Shares of oil and gas producers fall sharply in early trading on Monday after oil prices plunged as much as 5% on concerns that the failures of Silicon Valley Bank and Signature Bank could lead to an economic slowdown which saps demand for crude oil. Crude...

2023-03-10 04:29:13 ET Summary Valero Energy reported fourth-quarter 2022 adjusted earnings of $8.45 per share, significantly increasing from $2.41 per share in the year-ago quarter. The quarterly dividend has been raised to $1.02 per share. I recommend buying VLO stock betwee...

2023-03-09 18:18:03 ET Six companies led by Marathon Petroleum ( NYSE: MPC ) won contracts to purchase 26M barrels of crude oil from the U.S. Strategic Petroleum Reserve in a competitive sale scheduled as part of a planned drawdown, the U.S. Department of Energy said Thursda...

2023-03-09 17:58:11 ET Summary Phillips 66 and its peers had record profits in 2022 amid a massive increase in the spread between gasoline and oil prices. Declining global and US refinery capacity and low capacity utilization has caused diesel and gasoline prices to remain elevate...

2023-03-09 14:01:19 ET Summary Shareholders of Phillips 66 (PSX) enjoyed a ~50% return in FY22 after refining margins expanded significantly courtesy of surging oil prices. Despite posting a disappointing $0.35 a share miss in 4Q22, management seemed optimistic in its ability to r...

2023-03-09 11:11:22 ET Phillips 66 ( NYSE: PSX ), Marathon Petroleum ( NYSE: MPC ) and Valero Energy ( NYSE: VLO ) all rank among Thursday's top gainers on the S&P 500 after UBS awards Buy ratings as part of a favorable view of the independent refinery group ...

2023-03-07 17:27:13 ET Summary Due to its prolific shale-gas resources, the domestic U.S. natural gas market is (somewhat) disconnected from the global natural gas market. Despite the significant ramp-up in U.S. LNG exports last year, domestic shale gas production has swamped dema...

2023-03-07 11:54:06 ET Phillips 66. (PSX) 51st Annual Scotia Howard Weil Energy Conference March 07, 2023, 09:30 AM ET Company Participant Mark Lashier - CEO of Phillips 66 Conference Call Participant Paul Cheng - Scotiabank Presentation Paul Ch...

2023-03-07 10:30:00 ET Summary The month of February had a couple of very interesting insider purchases. In this article, we discuss the 10 biggest insider purchases by value. In addition, we will take a look into 2 companies more in-depth, which we found particularly interesting ...

2023-03-07 10:00:00 ET Summary There are 17 stocks on my high-yield watchlist for March 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks would have outpaced the Vanguard High Yield Di...