PSX News and Press, Phillips 66 From 11/13/21

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 5.30% last month. The index has increased by 84.08% since last October. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color on the valuations of MLPs, increased by 1.32%...

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 6.5% and a median increase of 6.1%. YTD, I've tracked 434 increases. There are 12 increases for next week, down from 26 last week....

Members of the Phillips 66 (NYSE: PSX) Executive Leadership Team will participate in a fireside chat at the BofA Securities Global Energy Conference on Thursday, Nov. 18, 2021, at 3 p.m. EST. Phillips 66 leaders will discuss the company’s strategic initiatives to further stre...

Phillips 66 posted a third-quarter 2021 income of $402 million or $0.91 per share. Phillips 66 to acquire Phillips 66 Partners LP for $3.4 billion. I recommend accumulating PSX below $76. For further details see: Phillips 66: Demand Recovery Is Here

Phillips 66 (PSX -1.5%) plans to redeem the entire outstanding principal amount of its Floating Rate Senior Notes due 2024; redemption date for the Notes is Dec.15. The principal amount of the Notes outstanding is $450M and redemption price will be equal to 100% of the principa...

Actions align with company’s focus on debt reduction Phillips 66 (NYSE: PSX) today announced it will redeem the entire outstanding principal amount of its Floating Rate Senior Notes due 2024 (the “Notes”). The redemption date for the Notes is December 15...

Phillips 66 (NYSE:PSX) says it plans to convert its Alliance refinery in Louisiana to a terminal facility next year, after weighing the cost to repair the refinery following Hurricane Ida. The storm damaged the 255K bbl/day, and several feet of water flooded the plant. The costly repairs comb...

Phillips 66 (NYSE: PSX) announced today it plans to convert its Alliance Refinery in Belle Chasse, La., to a terminal facility. The conversion is expected to take place in 2022. “We made this decision after exploring several options and considering the investment needed to re...

Several significant dividend raises were announced in October, including Visa and A. O. Smith. Bringing projected income for 2021 up to $13,655. Blackstone has become an outsized position in the portfolio in both size and income contribution. Blackstone is overvalued at this time,...

Monthly update of the Dividend Champions List. 70 companies declared higher dividends in the past month, with an average increase of 7.75% over their previous payouts. One new King, six new Contenders, and five new Challengers. For further details see: Dividend Champions...