PSX News and Press, Phillips 66 From 04/18/22

Valero Energy (NYSE:VLO) topped all energy-related stocks on the S&P 500 Monday, followed closely by Phillips 66 (PSX), both up 5.2%, as WTI crude oil climbed 1.2% to its best level since March 30. Other oil refiners also closed with big gains, including (PBF) +9.1%, (CVI) +7.9%...

On a day when the S&P 500 and Dow Jones Industrial Average both sank, shares of Phillips 66 (NYSE: PSX) climbed higher thanks to an analyst's bullish take on the diversified energy company's stock. As of the end of Monday's trading session, shares of Phillips 66 had ...

Energy (NYSEARCA:XLE) comfortably leads the S&P sector standings Monday as crude oil prices touched their highest levels so far this month as Libya's biggest oilfield was shut by protests and natural gas futures climbed to 13-year highs. Adding to supply pressures from sanctions on Russia...

Corn (C_1:COM) prices surpassed $8.00 per bushel Monday, up ~3% in early trading, marking a 10-year high and narrow discount to all-time highs reached in 2012. Soybean (S_1:COM) prices followed corn prices higher, up ~2% on the day, hitting a fresh 10-year high and trading less than 1% b...

Morgan Stanley published a bullish refining note ahead of the market open Monday, lifting price targets across the sector ~25%, as rising refining margins lift earnings estimates. The bank flagged low refined product stocks ahead of summer driving season, and sees no easy solution to rebuildi...

In this article, I explain why it's so tricky to find quality high-yield investments and what my own philosophy is in the income vs. growth debate. Phillips 66 is a phenomenal high-income stock as it not only has a high yield but also high (expected) dividend growth and a fantastic bu...

The International Energy Agency "IEA" updated its forecast of global oil market balances Wednesday, flagging weaker demand growth and mitigated Russian production impacts. Earlier in the year, the IEA, the US Department of Energy and OPEC all forecast 2022 surpluses. Tuesday, the Department o...

Phillips 66 (NYSE:PSX) on Tuesday named current president and COO Mark Lashier as president and CEO effective July 1. Lashier will succeed Greg Garland, who will remain as the board's executive chairman until his retirement in 2024. Garland assumed the chairman and CEO role in May 2012. The c...

Greg Garland to step down as Chief Executive Officer on July 1 after 10 years of leading company; will remain as Executive Chairman of the Board of Directors Mark Lashier, current President and Chief Operating Officer, will assume President and Chief Executive Officer role ...

Oil stocks (XLE) tumbled along with oil (USO) and the market (SPY) Monday, as China lockdowns and SPR supply took their toll on the commodity. UBS strategist Giovanni Staunovo noted that the Swiss bank lowered its June Brent oil (CO1:COM) forecast by $10/b to $115/b. While Bank of Americ...