PSX News and Press, Phillips 66 From 08/31/20

Chevron ( CVX ) has been out-performing Exxon ( XOM ) for many years and I have been writing about it here on Seeking Alpha. For examples, see my articles Chevron Beats Exxon Again or 2017: Chevron Outperforms Exxon (Again) . It was clear that the folks at Dow Jones had a decision to ...

Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here . However, since this list is only produced once per month, the data in it can quickly get out of date. Fu...

The StockNews.com POWR Ratings upgrades and downgrades stocks everyday based on market indicators. Here are four stocks to avoid as they were recently downgraded: Phillips 66 (PSX), Assured Guaranty (AGO), Select Energy Services (WTTR), and MRC Global (MRC). Most investing gurus recommend a...

Source: Fortune Note: The title is first line of a music hall song popular with British soldiers during the First World War. Tipperary is a town in southern Ireland, and the singer, an Irishman, wants to return there to see "the sweetest girl I know". It is still used as a marching song....

Hurricane Laura appears to have narrowly missed the heart of the U.S. fuel-making and chemicals infrastructure along the Gulf Coast, based on early reports. More news on: Phillips 66, TOTAL SE, Exxon Mobil Corporation, Energy stocks news, News on ETFs, Read more ...

Hurricane Laura, currently a Category 3 storm with 115 MPH winds, is forecast to grow today to a "catastrophic" Category 4 storm and unleash a storm surge as high as 15 ft., causing life-threatening flooding as it strikes the area of the Texas-Louisiana border which includes the port of Be...

The energy sector ( XLE -1.4% ) is today's weakest performing group, even while crude oil prices ( CL1:COM ) climb to five-month highs as U.S. producers shut more than 80% of production in the Gulf of Mexico ahead of Hurricane Laura. More news on: Energy Select Sector SPDR ETF, Crude...

In preparation for tropical storms Laura and Marco, Phillips 66 (NYSE: PSX ) says it is shutting down its Lake Charles manufacturing complex in Louisiana, which includes its 260K bbl/day refinery. More news on: Phillips 66, The United States Oil ETF, LP, The United States Natural Gas E...

America's largest refiner, Phillips 66 (NYSE: PSX) , announced its plans to convert its San Francisco Refinery in Rodeo, California, from fuels made from crude oil to fuels made from cooking oil, fats, greases, and soybean oils. Known as Rodeo Renewed, the project is expected to be the world'...

After the unwise takeover of Anadarko Petroleum, I penned a piece on Occidental Petroleum ( OXY ) and said it would be quite hard for the company to be successful given the high-level of debt it had to take on to purchase APC, the very high-cost 8% debt it took on from Berkshire Hathaway ( BRK...