PSX News and Press, Phillips 66 From 08/01/20

Government shutdowns to help slow the spread of COVID-19 caused demand for refined petroleum products to fall off a cliff during the second quarter. Because of that, refiners like  Phillips 66   (NYSE: PSX) had to reduce production to avoid filling the country's dwindling storage...

Executives at Phillips 66 (NYSE: PSX ) and PBF Energy (NYSE: PBF ) told investors today that some refining capacity currently offline might permanently close depending on the future course of the coronavirus, while new capacity additions likely will be delayed. More news on: Phillips...

Image source: The Motley Fool. Phillips 66   (NYSE: PSX) Q2 2020 Earnings Call Jul 31, 2020 , 12:00 p.m. ET Operator Continue reading

Phillips 66 (PSX) Q2 2020 Results Conference Call July 31, 2020 12:00 AM ET Company Participants Jeff Dietert - VP, IR Greg Garland - Chairman and CEO Kevin Mitchell - EVP and CFO Bob Herman - EVP, Refining Brian Mandell - EVP, Marketing and Commercial Tim Roberts - EVP, Mi...

The following slide deck was published by Phillips 66 in conjunction with their 2020 Q2 earnings Read more ...

Phillips 66 (NYSE: PSX ) : Q2 Non-GAAP EPS of -$0.74 beats by $0.10 ; GAAP EPS of -$0.33 beats by $0.58 . More news on: Phillips 66, Earnings news and commentary, Energy stocks news, Read more ...

Reported a second-quarter loss of $141 million or $0.33 per share; adjusted loss of $324 million or $0.74 per share Generated $764 million of operating cash flow Issued $2 billion of senior notes during the quarter; increased term loan capacity by $1 billion Started full operat...

The energy sector ( XLE -3.9% ) plummets to the bottom of the S&P sector standings amid general weakness in the market on concerns about weak global consumption and the increasing possibility of new lockdowns. More news on: Energy Select Sector SPDR ETF, Crude Oil Futures, QEP Reso...

I feel like a Cro-Magnon writing about Phillips 66 ( PSX ) after just completing an article about an attractive ETF focused on EVs and innovative technology. But alas, the first stock I bought back in the early 1980s was Phillips Petroleum and over the years that company morphed into Conoc...

Dividends have been under intense pressure this year. More than 175 publicly traded companies have either slashed their payout by more than 50% or suspended it all together. That dividend carnage has investors beginning to hate all dividend stocks, even though many payouts will survive this yea...