PSX News and Press, Phillips 66 From 06/23/22

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Today, oil stocks are once again in focus for investors. From Marathon Oil (NYSE: MRO ), Phillips 66 (NYSE: PSX ) and ConocoPhillips (NYSE: COP ) to Chevron (NYSE: CVX ) and Exxon Mobil (NYSE: XO...

Energy Secretary Jennifer Granholm met with executives from Exxon (XOM), Chevron (CVX), Shell (SHEL) and Marathon (MPC) Thursday to discuss a response to elevated prices at the pump. According to the Wall Street Journal, executives and policy makers showed a genuine interest in finding s...

In a letter to the President Thursday, four Democrat Senators urged Biden to utilize "the full range of authorities at your disposal, including those under the National Emergencies Act and the Defense Production Act. This includes your authority to limit oil exports under 42 U.S.S. 6212a." Th...

Report chronicles the company’s efforts to deliver on its commitment to be one of best operators and advance a lower-carbon future Phillips 66 (NYSE: PSX) released its 2022 Sustainability Report on Thursday, giving a comprehensive account of its efforts to be ...

U.S. oil refiners will try to convince the Biden administration not to ban exports of domestic fuel to combat record-high gasoline prices during tomorrow's scheduled meeting with Secretary of Energy Jennifer Grandholm, Reuters reported on Wednesday. Refining executives reportedly will seek to...

The oil and gas sector was easily the stock market's worst performer on the S&P 500 on Wednesday, as crude oil prices fell to their lowest in more than a month on rising worries of a global economic slowdown that would hurt demand. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) closed -...

Two drones flying from the direction of Ukraine caused an explosion at Russia's Novoshakhtinsk oil refinery Wednesday, according to sources cited by Reuters. The refinery has capacity to process 7.5mtpa, or ~150kb/d. European gasoil (diesel) margins closed in London at $55.30/b, ~$1 below all...

Phillips 66 (PSX) JP Morgan Energy, Power & Renewables Conference Call June 22, 2022 09:50 ET Company Participants Greg Garland - Chairman and Chief Executive Officer Mark Lashier - President and Chief Operating Officer Kevin Mitchell - Chief Financial Officer Jeff Dietert - Vice Presiden...

The Energy sector ETF XLE holds a very small number of large-cap oil and gas-related stocks selected from the S&P 500, far fewer than its rivals. Its performance over the past decade has been inconsistent. An equal-weighted holding of just its two top stocks, XOM and CVS, has almo...

Phillips 66 is well-positioned for high crude oil prices. Yet note that its refining business is its smallest segment. Phillips 66 carries more than $11 billion of net debt, a significant sum. This will get in the way of Phillips 66 meaningfully increasing its capital return to shareh...