PSX News and Press, Phillips 66 From 09/18/21

ConocoPhillips has just about everything going its way these days. Yet the stock is just dead in the water. It cannot even get back to $60. And that has been the problem with big US O&G companies for a decade: fully exposed to the down-cycles, and minimally levered to the upside. ...

Phillips 66's Alliance refinery in Louisiana has been one big headache: it's either hurricanes or very low profitability. In an era of ESG and EVs, it makes sense for PSX to either sell it - or if it cannot - simply shut it down. That said, during the current refining slump, it is...

Valero Energy (VLO +1.3%) has begun restarting its St. Charles and Meraux refineries along the Mississippi River, bringing the state's refining capacity closer to pre-storm levels, Argus Media reports. Valero shut the 215K bbl/day St. Charles refinery and the 135K bbl/day Meraux plant as Hurr...

Texas and Louisiana refineries appear to have made it through Tropical Storm Nicholas without major problems so far, Argus Media reports. Nicholas shifted to the east enough to miss a direct hit on export facilities in Corpus Christi, Texas, so NuStar Energy's (NYSE:NS) crude export terminal ...

Tropical Storm Nicholas is slamming the Texas Gulf Coast with heavy rain, storm surge and strong winds, threatening crude export terminals and refineries in Corpus Christi, the top hub for exporting U.S. crude oil and home to three large refineries. Argus reports Moda Midstream shut crude loa...

As my followers know, I am a big proponent of building a well-diversified portfolio and holding it through thick-n-thin, not trying to time the inevitable market cycles. However, part of that strategy is being active when it comes to maintaining that portfolio - and that's especially ...

The company announces an additional $500,000 contribution after the storm’s remnants hit the Northeast Phillips 66 (NYSE: PSX) today announced it will contribute an additional $500,000 to the American Red Cross to assist relief efforts in the states affected by Hurric...

Cash flow appears to be about to double the old quarterly rate yet again. Thermal companies often generate a lot of free cash flow even when losing money. This points up yet another free cash flow measurement weakness. Cash flow in the latest quarter is near C$1 per share and the ...

Phillips 66 has been a tricky stock as energy, pressured by weakening economic sentiment, continues to annoy investors. However, Phillips 66 is a great source of quality dividends thanks to rebounding operating cash flow and an increasingly sustainable balance sheet. Investors loo...

Phillips 66 (NYSE: PSX) today announced it will contribute $500,000 to the American Red Cross to assist relief efforts after Hurricane Ida swept through southeastern Louisiana. “We stand with our many employees, friends and neighbors across southeastern Louisiana,” sai...