PSX News and Press, Phillips 66 From 07/02/21

It was a quiet week in stock markets, with many investors seemingly waiting for today's non-farm payrolls report. That came in ahead of estimates, with payrolls adding 850,000 jobs in June compared to 700,000 anticipated. At the time of this writing (3pm on Friday), the S&P 500 (SPY) is u...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips A little more than a year ago, the crude oil sector appeared to be on the edge of a precipice. Because the novel coronavirus basically shut down global economic activity, no one wanted to make good on their energy contracts...

chinaface/E+ via Getty Images The S&P energy sector ([[XLE]] -3.4%), the best-performing group this year by a wide margin, is today's worst performer by a wide margin, as crude oil price pull back from their recent rise to their highest levels since October 2018. August WTI crude (CL1:COM...

2020 was a brutal year for the oil industry. Oil prices started falling before the coronavirus pandemic last spring, when OPEC giant Saudi Arabia and OPEC Plus member Russia engaged in a market-share battle, while the global travel lockdowns starting in mid-March resulted in the sharpes...

Valero Energy has reliably created value for its shareholders through capital discipline and strong operational performance. As the demand for refined products continues to recover, Valero Energy will start generating strong operational cash again. The company's renewable diesel o...

Carbon sequestration appears to be an incredibly important tool in the climate change push. Unlike other areas of so-called "green energy", fossil fuel companies are the most likely beneficiaries of carbon sequestration incentives. Understanding the technology is key to figuring o...

Phillips 66 (PSX) J.P. Morgan Energy, Power and Renewables Conference June 22, 2021 1:20 PM ET Company Participants Greg Garland – Chairman and Chief Executive Officer Jeff Dietert – Vice President-Investor Relations Mark Lashier – President and Chief Operating Officer Co...

The top U.S. refining trade group warns the cost of complying with the federal biofuels mandate could soar past $30B this year, and are lobbying the Biden administration to lower annual quotas of how much ethanol, biodiesel and other renewable fuels they must blend into their products.Complia...

halbergman/E+ via Getty Images The Biden administration is weighing options to provide relief to U.S. oil refiners from biofuel blending mandates, Reuters reports. RIN prices have surged to their highest in the program's 13-year history, and refiners have said the law - which requires them to...

Phillips 66 (NYSE:PSX) traded today at a new 52-week high of $93.33. Approximately 1 million shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares. There is potential upside of 183.8% for shares of Phillips 66 based on a current price of $93.21 an...