PSX News and Press, Phillips 66 From 02/14/22

Top Oil Stocks To Watch In The Stock Market Today As we start a new trading week, it seems that oil stocks could make for a viable play in the stock market today. This is in part due to growing concerns of Russia possibly invading Ukraine within the coming days. If any advanceme...

JPMorgan's oil price forecasters published a note calling for $125 oil in Q2 of this year (NYSEARCA:USO), as OPEC+ is unlikely to deviate from targeted quota, driving a "risk premium" of $30 per barrel (NYSE:CVX) (NYSE:XOM). JPMorgan has been bullish on oil for several months now, as their te...

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...

Investors remained jittery on Friday amid continuing worries about higher interest rates and rising geopolitical tensions. As a result, the Nasdaq recorded a decline of almost 3% while the S&P 500 finished lower by nearly 2%. While technology led the major equity averages lower, investors...

This week's DOE inventory updated showed a larger-than expected 9.4mb draw in oil and oil products (NYSEARCA:USO). BP (NYSE:BP) reported earnings and guided to flat year-on-year production in 2022; however, the Company flagged a pivot away from US shale production growth. Equinor (NYSE:EQNR) ...

The energy sector (XLE +1.9%) leads the S&P sector standings by a wide margin, supported by a continuation of the uptrend in the oil price and interest in the sector as an inflation hedge, particularly in light of the January CPI report. March WTI crude (CL1:COM) +1.8% to $91.53/bbl and A...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips “The electric automobile will quickly and easily take precedence over all other” vehicle categories. That’s according to the Los Angeles Times , which posited that betting on the right battery technolo...

West Texas Intermediate crude oil, the U.S. benchmark, currently sits above $90 per barrel. Henry Hub natural gas prices are over $4.30 per one million British thermal units (MMBtu). These are the highest oil and gas prices since 2014. Many oil and gas companies were pressured to cut sp...

Phillips 66 (NYSE:PSX) has begun laying off hourly workers at its shuttered Alliance refinery in Louisiana, Reuters reports. About half of the 450 hourly employees at the refinery reportedly will be laid off by Sunday, with the rest staying on through May 1, according to the report; ~27 hourl...

Phillips 66 (NYSE:PSX) declares $0.92/share quarterly dividend, in line with previous. Forward yield 4.11% Payable March 1; for shareholders of record Feb. 22; ex-div Feb. 18. See PSX Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Phillips 66 declares $...