PSX News and Press, Phillips 66 From 08/03/21

Phillips 66 (NYSE:PSX) +0.2% pre-market after Q2 earnings easily exceed Wall Street estimates, coming in at a profit for the first time in more than a year. Q2 GAAP earnings totaled $296M, compared with a $654M loss in Q1, reflecting a recovery from Q1's winter storms and continued produ...

Phillips 66 (NYSE:PSX): Q2 Non-GAAP EPS of $0.74 beats by $0.14; GAAP EPS of $0.66 beats by $0.05. Press Release For further details see: Phillips 66 EPS beats by $0.14

Reported second-quarter earnings of $296 million or $0.66 per share; adjusted earnings of $329 million or $0.74 per share Generated $1.7 billion of operating cash flow; $910 million excluding working capital Delivered record Chemicals earnings CPChem began construction on ...

Phillips 66 (NYSE:PSX) is scheduled to announce Q2 earnings results on Tuesday, August 3rd, before market open. The consensus EPS Estimate is $0.60 vs -$0.74 in Q220 and the consensus Revenue Estimate is $21.05B (+88.2% Y/Y). Analysts expect cash flow from operations of $1.22B. Over the last ...

Par Pacific was initially intriguing as a niche oil refiner with unheralded positions in Hawaii and Wyoming (and now Washington). The company wrote down its entire investment in Laramie Energy, and at March 31, 2021, liabilities were a steep 86% of assets. While the refining secto...

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Dividend and income investing is more popular than ever. But I've found there are many drawbacks to the strategy. This article explains the many reasons why I have not chosen a dividend or income strategy. For further details see: 12 Reasons I'm Not A Dividend Investor ...

With the settlement of a disagreement between Saudi Arabia and the UAE, an OPEC+ deal to increase production was sealed earlier this week. Following the agreement, oil prices have declined approximately 8%. Because declining global demand could cause oil prices to fall further, we believe Che...

Phillips 66 (NYSE: PSX) has changed the time of its conference call to discuss second-quarter earnings. The conference call webcast will now be held at 1 p.m. EDT on Tuesday, Aug. 3, 2021. At that time, the company’s executive management will discuss second-quarter 2021 financial...

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...