PSX News and Press, Phillips 66 From 07/09/22

Phillips 66 is generating solid cash flow, which management has used to pay down debt. It's aggressively repurchased its shares over the past decade, and the company plans on resuming share buybacks. The recent share price downturn has pushed up the dividend yield, and the stock h...

Occidental Petroleum's price and valuation have been exaggerated by Berkshire Hathaway's buying interest. Recessions are the worst time to own industrial businesses, especially commodity-exposed oil/gas assets. Projecting an OXY share price closer to $40 is not difficult, with $70...

Energy sector has reversed dramatically, falling close to 25% since. The price of oil has pulled back significantly, which causes compression in gross margins for suppliers. Most industries will breathe a sigh of relief, but energy companies will be in the other camp. Up...

Oil prices plummeted today. West Texas Intermediate (WTI), the primary U.S. oil price benchmark, tumbled 9.2% to close at $98.45 a barrel, its lowest price since May 11. Meanwhile, the global oil benchmark, Brent crude oil, slumped 9% to close at $103.29 a barrel, its lowest point since M...

Cash Management Discipline - CMD means that raising Cash becomes a goal outside of trading for alpha. I have found that using CMD strategically can make a difference in more effective trading in these volatile markets. I also feel that instead of general hedging against indexes, I...

Bear markets are challenging times for investors. However, those challenges can create unique opportunities. One benefit of a bear market is that dividend yields move in an inverse relationship with stock prices. Because of that, when share prices have tanked, income-focused investors c...

India announced restrictions on gasoline and diesel exports Friday, in a move that could further tighten global oil product markets. The country exported 1.4mb/d of gasoline and diesel in May, and the government would like to see more product sold into the domestic market. The new syste...

Refining companies are at an interesting crossroads. Demand for refined products is strong these days as the economy gets back on its feet after hitting a speed bump during the early stages of the pandemic. This means the margins they're earning to refine oil into gasoline, diesel, and je...

Crude oil futures fell Wednesday after three straight days of gains, after an unseasonal slowdown in gasoline demand outweighed a bullish crude inventory report. " The market is stuck in the push-pull between the current deteriorating macro backdrop and the looming threat of...

Shares of Occidental Petroleum (NYSE: OXY) , Devon Energy (NYSE: DVN) , and Phillips 66 (NYSE: PSX) fell hard on Wednesday, down 4.3%, 6.1%, and 4.6%, respectively. Although oil prices were trading higher in the morning, they fell by the late afternoon, down arou...