PSX News and Press, Phillips 66 From 07/19/21

imaginima/E+ via Getty Images WTI crude oil futures tumble below $70/bbl for the first time in more than a month, as OPEC and its allies agreed to increase production at the same time the COVID-19 delta variant threatens global demand. WTI August crude (CL1:COM) settled -7.5% at $66.42/b...

As of roughly 2 p.m. EDT Monday, shares of diversified energy giant ExxonMobil (NYSE: XOM) had fallen by as much as 5%. Exploration and production giant ConocoPhillips (NYSE: COP) was down by about the same percentage, while relatively tiny Matador Resources (NYSE: MTD...

Phillips 66 is having a hard time due to negative COVID headlines, which causes investors and traders to de-risk their portfolios. However, long-term fundamentals remain strong and PSX is well-positioned to deliver significant value for its shareholders. Investors who keep energy ...

The report details the company’s actions in 2020 to advance a lower-carbon future Phillips 66 released its 2021 Sustainability Report on Thursday, giving a broad account of how the company advanced a lower-carbon future in 2020 while weathering the pandemic. The r...

Stock prices for independent refiners have witnessed significant gains as Covid strictures have been loosened. Cash flows are still anemic compared to pre-Covid levels. Crude sourcing, refining efficiency and lowered carbon footprint now the keys to success. Valero is my top c...

The board of directors of Phillips 66 (NYSE: PSX) has appointed Denise R. Cade and Douglas T. Terreson to serve as independent directors, effective July 14, 2021. Cade will serve on the audit and finance committee and the public policy and sustainability committee of the board, and Terr...

“Phillips 66 is certainly one of the most undervalued names in the energy complex with a significant amount of upside,” said Dan Genter on CNBC’s “The Exchange”. The president, CEO, and chief investment officer of RNC Genter Capital Managem...

halbergman/E+ via Getty Images Oil prices have dropped in volatile trade since OPEC's failure after powering higher for most of this year, but oil spreads - the difference between international and U.S. crude prices - are falling. Brent crude settled today -1.5% at $73.43/bbl, while U.S. WTI ...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Oil is coming back slowly but surely, and Reddit stocks are beginning to reflect the trend. Consumers, institutions and producers are all sending signals that lead to a similar conclusion: As the economy opens up, oil is...

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...