PSX News and Press, Phillips 66 From 05/16/22

Shares of Phillips 66 (NYSE:PSX) traded today at $97.03, eclipsing its 52-week high. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 4.2 million shares. Phillips 66 is an independent refiner with 12 refineries that have a tota...

Last Friday, when asked why fuel prices were high, the Saudi Energy Minister said, "the bottleneck is now to do with refining ... many refineries in the world, especially in Europe and the US, have closed." In a note Monday, Goldman's refining and Integrated analyst said "a unique set of circ...

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 updated showed a surprise build in oil and oil product inventories (USO). TSA checkpoint data pointed to rising passenger volumes, up 3% week on week but down ~11% from 2019 levels (JETS). Gasoline and diesel prices hit all time highs nationwide in the US this week. ...

Consumers watched as prices at the pump hit all-time highs nationwide this month. As prices rose (USO), the House summoned oil executives to Washington, citing market manipulation and price gouging. The Senate moved on legislation to sue OPEC over anti-trust violations. However, in an intervi...

Phillips 66 (NYSE:PSX) said Wednesday it made a final investment decision to proceed with the planned conversion of its San Francisco Refinery in Rodeo, California, into one of the world's largest renewable fuels facilities. The project, which recently received approval from Contra Costa Coun...

It will be one of the world’s largest facilities of its kind; expected to begin commercial operation in the first quarter of 2024 Phillips 66 (NYSE: PSX) made a final investment decision Wednesday to move forward with Rodeo Renewed, the project to convert its San Fran...

Phillips 66 (NYSE:PSX) declares $0.97/share quarterly dividend, 5.4% increase from prior dividend of $0.92. Forward yield 4.2% Payable June 1; for shareholders of record May 23; ex-div May 20. See PSX Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Phill...

Aristotle Capital Management is an independent/employee-owned investment management organization that specializes in equity and fixed income portfolio management for institutional and advisory clients worldwide. For the first quarter of 2022, Aristotle Atlantic’s Core Equity Co...

The Phillips 66 Company has created shareholder value during the energy sector’s lost decade. The PSX stock has created shareholder value during the energy sector’s lost decade. Management’s interests are aligned with those of shareholders through the company&...