PSX News and Press, Phillips 66 From 06/22/23

2023-06-22 14:38:56 ET Summary Marathon Petroleum Corporation reported a total income of $35.08 billion in the first quarter of 2023, down 8.6% from the same quarter a year ago and down 12.5% sequentially. Marathon Petroleum declared a global R&M margin of $26.15 per Bbl based...

2023-06-21 13:18:09 ET Phillips 66 (PSX) J.P. Morgan 2023 Energy, Power and Renewables Conference June 21, 2023 11:20 AM ET Company Participants Mark Lashier - President & Chief Executive Officer Jeff Dietert - Vice President-Investor Relations Conference C...

2023-06-15 18:38:59 ET Summary The U.S. refiner Valero Energy Corporation reported first-quarter 2023 adjusted earnings of $8.27 per share, a significant increase from $2.31 per share in the year ago quarter. Refining throughput volumes were 2,930K barrels per day for the fir...

Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 billion, ...

2023-06-13 11:55:56 ET The U.S. Environmental Protection Agency is seeking more time to finalize biofuel blending volume quotas for 2023-25, delaying an announcement of the targets until next week, Reuters reported Tuesday. The final rule is set to mark a new chapter of the Renewable ...

2023-06-09 06:15:00 ET Income investors may feel left out as they watch growth stocks ride the rising tide of the Nasdaq Composite 's epic 25.4% year-to-date gain. But veteran investors know that dividend investing isn't about outperforming an index by taking on a lot of risk. Rather, i...

2023-06-06 04:35:57 ET Summary Phillips 66 has made a strong financial comeback since the pandemic, with impressive Q1 2023 earnings and a positive outlook from institutional investors. The company offers an attractive blend of value and income through dividends and share buybacks...

2023-06-02 11:43:29 ET Summary There are 20 stocks on my high yield watchlist for June 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend...

2023-06-01 15:35:26 ET Phillips 66 ( NYSE: PSX ) +1.6% in Thursday's trading as TD Cowen upgraded the stock to Outperform from Market Perform with a $123 price target, raised from $110, after badly lagging sector peers since early 2020. Phillips 66's ( PSX ) refining ope...

2023-06-01 10:38:18 ET Summary Phillips 66 reported first-quarter 2023 adjusted earnings per share of $4.21 from $1.32 a year ago, beating analysts' expectations. Total revenues were $35.09 Billion in 1Q23, down slightly from $36.72 billion a year ago. The quarterly dividend i...