PSX News and Press, Phillips 66 From 10/08/21

The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 92 cents per share on Phillips 66 common stock, representing a 2% increase. The dividend is payable on Dec. 1, 2021, to shareholders of record as of the close of business on Nov. 17, 2021. Additio...

Marathon Petroleum reported a better-than-expected adjusted income of $437 million, or $0.67 per share, for the second quarter. The company repurchased shares worth $981 million during the second quarter as part of its announcement to buy back $10 billion in common stock. I recomm...

Phillips 66 ( NYSE: PSX ) plans on cutting greenhouse gas emissions intensity from its operations and energy products by 2030, the Houston-based company revealed in a press release on Thursday. Phillips 66’s new emissions targets Compared to 2019 levels, Phillips ...

Company intends to reduce manufacturing-related emissions intensity by 30% and products-related emissions intensity by 15% by 2030 Phillips 66 (NYSE: PSX) announced today that it intends to reduce greenhouse gas emissions intensity from its operations and energy products by ...

FN Media Group Presents Microsmallcap.com Market Commentary New York, NY – September 30, 2021 – The African Energy Chamber has entered into agreements with the Nigerian government in order to attract new investment into the nation’s rich oil resource...

Oil bulls are in charge today, lifting the energy sector (XLE +3.6%) to the top of the S&P sector standings, supported by crude oil prices that are on track to post their highest settlements in nearly three years. November WTI crude (CL1:COM) is up for the fifth consecutive day, +2% to $7...

The energy sector (XLE +3.1%) topped today's S&P 500 standings, as crude oil jumped by more than 2% after U.S. government data showed domestic inventories fell for a seventh straight week, even as gasoline supply unexpectedly increased. November WTI crude (CL1:COM) closed +2.5% to settle ...

Biofuel stocks slide after Reuters reports the Environmental Protection Agency is proposing big cuts to U.S. biofuel blending requirements for 2020, 2021 and 2022. According to the report, the EPA would lower the 2020 mandate to 17.1B gallons and the 2021 mandate to 18.6B gallons, which would...

Phillips 66 posted a better-than-expected second-quarter 2021 income of $296 million or $0.66 per share. The Alliance refinery in the suburb of Belle Chasse, Louisiana, suffered extensive damages from Hurricane Ida. I recommend buying PSX below $65. For further details ...

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. ...