PSX News and Press, Phillips 66 From 06/12/20

HollyFrontier ( HFC +2.7% ) is higher despite receiving a Goldman Sachs downgrade to Sell from Neutral with a $28 price target, citing headwinds from tighter Brent-WTI differentials. More news on: HollyFrontier Corporation, Marathon Petroleum Corporation, Valero Energy Corporation, Ene...

Phillips 66 (NYSE: PSX ) has published its 2020 Sustainability Report titled “Greater Good,” making it digitally available to employees, communities and investors at www.phillips66.com/Sustainability . This year’s report builds on the company’s previous discl...

This article is part of a series that provides an ongoing analysis of the changes made to Tweedy, Browne's 13F portfolio on a quarterly basis. It is based on Tweedy, Browne's regulatory 13F Form filed on 05/13/2020. Please visit our Tracking Tweedy, Browne Portfolio series to get an idea o...

Crude oil futures fall ( CL1:COM ), sandwiched by a record build-up in U.S. inventories and the Federal Reserve's gloomy economic outlook; July WTI -8.2% to $36.34/bbl, August Brent -7.2% to $38.72/bbl. More news on: Crude Oil Futures, ONEOK, Inc., Occidental Petroleum Corporation, ...

Phillips 66 (NYSE: PSX ) says delays in the federal licensing process for its planned Bluewater oil export terminal with partner Trafigura off the Texas coast mean that a final investment decision remains many months away . More news on: Phillips 66, Energy stocks news, Read more ... ...

Last month I discussed the policy reasons for U.S. merchant refiners' heavy investments of late in renewable diesel production capacity. That expansion, which is being largely driven by merchant refiners such as CVR Energy ( CVI ), HollyFrontier ( HFC ), Marathon Petroleum ( MPC ), Ph...

This year has been one of the most volatile in the history of the oil market. After starting in the mid-$60s, the main U.S. oil price benchmark, WTI,  plummeted into negative territory  following the dual shockwaves of the COVID-19 outbreak and the collapse of Russia's market supp...

The stock market picked up more ground on Tuesday, with investors feeling more comfortable about the prospects for a full economic recovery from the coronavirus pandemic. Major market benchmarks closed near their best levels of the day, and gains for the Dow Jones Industrial Average (DJINDICE...

Phillips 66's (NYSE: PSX ) Bayway refinery in New Jersey is gradually increasing run rates after cutting operations because of depressed demand for gasoline amid COVID-19 stay-at-home directives, Bloomberg reports. More news on: Phillips 66, Energy stocks news, Read more ...

When it comes to all-time investing greats, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett regularly finds his way toward the top of the list. Despite being par for the course relative to the benchmark S&P 500 over the past decade, Berkshire's per-share market val...