PSX News and Press, Phillips 66 From 05/02/23

2023-05-02 11:26:27 ET Summary Phillips 66's Chemicals Segment is frequently overlooked due to its bigger Refining & Midstream Segments. Today, I'll discuss why PSX's Chemicals Segment is so important for shareholders. PSX's Chemicals Segment primarily consists of a 50/50 join...

2023-04-28 16:52:39 ET Summary Phillips 66 has proven its mettle over COVID-19, has shown the sanctity with which management treats the dividend, and has strong buybacks. Midstream is strong and will likely remain so as the world continues to readjust to dislocations in global ene...

2023-04-28 14:42:39 ET In a big win for the biofuels industry, the Biden administration said Friday it issued an emergency waiver that will allow widespread sales of higher-ethanol E15 gasoline this summer, repeating a move used last year to help tamp down high pump prices. The move...

2023-04-25 13:52:29 ET Summary Although US refiners outperformed the broader market over the last year, the sector has been weak over the last month. However, industry trends over recent years are strong with growing revenues and earnings. Refiner revenues and earnings appear ...

2023-04-24 07:37:00 ET Summary Chevron's first quarter earnings report is due out this coming Friday, April 28. I will review the company's primary investment thesis, recent corporate developments, and Q1 earnings estimates. Chevron has a strong and balanced portfolio of asset...

2023-04-20 12:03:47 ET Summary In celebration of April 20 (i.e. "420 day"), my stock of the day is Phillips 66, which currently pays out a $4.20/share annual dividend (a 4% yield). As we exit the shoulder season and into the summer driving season, PSX is perfectly positioned after...

2023-04-20 09:45:35 ET Summary In this article, I present my view on the oil market, using multiple timeframes and catalysts. We're dealing with a structural shift in supply, a surprisingly supportive policy change from OPEC, and higher odds of a forced Fed pivot down the road. ...

2023-04-19 18:05:51 ET A Biden administration plan for year-round sales of E15 ethanol blend in eight Midwestern states likely will go into effect in summer 2024 , a year later than the states sought, Environmental Protection Agency Michael Regan told the House Agriculture Committee...

2023-04-19 05:20:19 ET Summary We are now climbing a wall of worry in the stock market. How “Climbing a Wall of Worry” rallies end. How to invest from now until the end of the wall of worry. The stock market is often said to climb a wall of worry. This ...

2023-04-18 10:48:09 ET Valero Energy ( NYSE: VLO ) -1.6% and Marathon Petroleum ( NYSE: MPC ) -0.8% in Tuesday's trading as Wells Fargo downgraded both refiners to Equal Weight from Overweight with $135 price targets, while lowering PTs for all refiners in its co...