PSX News and Press, Phillips 66 From 09/14/20

Phillips 66 ( PSX +2.5% ) says it has halted processing at its Alliance refinery on the Louisiana coast as a safety precaution due to Tropical Storm Sally, which is expected to strengthen to a hurricane and make landfall tomorrow morning. More news on: Phillips 66, Energy stocks news...

The COVID-19-induced economic downturn wiped out eight quarters of core earnings growth in just two quarters, as we highlighted in “ S&P 500 Peaks As Earnings Trough .” This report focuses on the core earnings of each S&P 500 sector to narrow in on where the most damage...

The  S&P 500 Index  (SNPINDEX: ^GSPC) has been doing its best yo-yo impression over the past week. Today's close was almost 1.8% lower, giving up almost 60 points after gaining 67 points, or 2%, yesterday . It's the fourth session in the past five market days that the index, whi...

Pres. Trump has ordered the Environmental Protection Agency to deny dozens of requests from oil refineries for retroactive waivers from U.S. biofuel laws, amid worries that the issue could cut into his Farm Belt support in the upcoming election, Reuters reports. More news on: Valero Ener...

Dividend stocks haven't given investors much love this year. Dividend cuts are at their highest level since the financial crisis, as more than 750 companies, including over 60 members of the S&P 500 , have reduced or suspended their payouts because of the impact COVID-19 is having on the ec...

Phillips 66's (NYSE: PSX ) 260K bbl/day Westlake refinery near Lake Charles, La., remains without power , and Citgo says it is still assessing the damage at its 418K bbl/day plant, a week after Hurricane Laura battered the region. More news on: Phillips 66, Entergy Corporation, Sempra E...

Shares of a broad array of oil stocks are falling sharply today, following the latest weekly petroleum data survey from the U.S. Energy Information Administration. According to the latest update, U.S. refinery production slipped almost 1 million barrels per day, while gasoline consumption, as me...

Restoring electricity to Phillips 66's ( PSX +0.5% ) 260K bbl/day Lake Charles, La., refinery could take as long as three weeks , Reuters reports, citing sources familiar with plant operations. More news on: Phillips 66, Entergy Corporation, Energy stocks news, Read more ...

The  S&P 500 Index  (SNPINDEX: ^GSPC) fell 7.7 points, or 0.34%, on Aug. 31. Today's modest sell-off wasn't enough to wipe out what has been a great month for investors; the index finished August up 7%, making for the best month since April.  Today's decline was led by sell...

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 ...