PSX News and Press, Phillips 66 From 09/25/20

PSX has plunged 40% since early June, primarily due to the indiscriminate sell-off of the entire energy sector. PSX has become deeply undervalued, even in the worst-case scenario. The article provides a deep look in the valuation of PSX. For further details see: Phillips...

Inter Pipeline announced it was selling a majority of its Euro-storage business for $715 million. Yet, the transaction doesn't appear to be anything to crow about and the market response was less than enthusiastic. What the market wants is for the company to find a partner to take...

Major benchmarks stumbled into the week, with most stock market indexes falling more than 2% by 11 a.m. EDT on Monday. That sell-off spilled over into the energy market, causing crude oil prices to plunge nearly 5%, putting downward pressure on most energy stocks ....

Energy has been one of the worst-performing sectors in the past couple of years. Currently, oil prices are giving back their gains after rebounding from 30-year lows. Investors should avoid XOM, PSX, BP, and COP due to the bleak outlook for oil prices. The energy sector has had a tumultuous...

The Business Roundtable, a D.C. lobbying group comprising CEOs of more than 200 major U.S. companies, says it supports market-based carbon pricing to fight climate change , a shift from the past when the group was divided on the issue. More news on: Exxon Mobil Corporation, Chevron Corpor...

Phillips 66 (NYSE: PSX ) says its Alliance refinery in Louisiana, which closed ahead of Hurricane Sally , will stay shut and begin preparing for maintenance originally scheduled to begin in October. More news on: Phillips 66, Energy stocks news, Read more ...

As the energy sector has underperformed this year, there is one stock worth watching, Phillips 66 (PSX). The company has a long history of energy production and pays a large dividend. Learn why now its a great time to buy. Bear market action since mid-2018 A long history of energy pr...

The U.S. government says 21%, or 395.8K bbl/day, of offshore crude oil production and 25%, or 685M cf/day, of natural gas output has been shut in the U.S. Gulf of Mexico , as Tropical Storm Sally becomes a hurricane ahead of its anticipated Tuesday morning landfall east of New Orleans. Mo...

The U.S. Environmental Protection Agency says it is denying applications by refineries seeking retroactive waivers , as Pres. Trump courts voters in corn-growing and ethanol-producing states Iowa, Wisconsin and Minnesota. More news on: Valero Energy Corporation, Marathon Petroleum Corpora...

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...