PSX News and Press, Phillips 66 From 02/28/22

Company’s newest target would reduce Scope 1 and 2 manufacturing-related emissions intensity 50% by 2050 Phillips 66 (NYSE: PSX) announced today that it intends to reduce the greenhouse gas emissions intensity from its operations companywide 50% by 2050. The new targe...

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...

This week's DOE inventory update showed a larger than expected 4.3mb draw in oil and oil products (NYSEARCA:USO). TSA checkpoint numbers pointed to a ~15% increase in traffic week on week. Saudi Aramco's (ARMCO) CEO indicated that energy prices are high mainly because of strategies and polici...

It was a solid quarter. Quarterly revenues totaled $33,568 million, up from the year-ago quarter’s $16,768 million. Quarterly dividend is raised to $0.92 per share. I recommend buying PSX at or below $80.8. For further details see: Phillips 66: A Serious Contender...

The consolidation of MLPs by their parents or significant owners has been a multi-year trend, but activity has picked up with a number of transactions currently pending. M&A activity among industry peers has generally been more muted relative to MLP consolidations by sponsors, but...

4 Trending Oil & Gas Stocks To Keep An Eye On Right Now Amid the escalating tensions between Russia and Ukraine, the stock market sentiment has been rather gloomy. President Vladimir Putin’s decision to send the Russian military to act as “peacekeepers” in t...

US equity markets were closed Monday; however, commodity and global equity markets were open, with a series of important news releases impacting energy and natural resources prices over the long weekend: Russia / Ukraine - the conflict between Russia and Ukraine captured headlines as Russia's...

With oil-price strategists recently calling for $100+ oil, prices up ~$10 in the past month, and an apparent cooling of tensions between Russia and Ukraine Tuesday, it's worth revisiting the conflict's potential impact on oil markets (NYSEARCA:USO).  In late January SA speculated on the ...

Continental (NYSE:CLR) reported earnings after the close and provided 2022 guidance. The capital discipline message was clear, production growth is taking a back seat.  In tracking the shale discipline narrative, it appeared the bullish commentary Pioneer (NYSE:PXD) shared in Q4 of 2021 ...

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...