PSX News and Press, Phillips 66 From 07/26/22

These days, everyone is looking for safety—and that’s got some folks pondering some pretty, er, unusual strategies that seem secure but are in fact anything but. One such strategy is known as dividend capture, which sounds like a way to bag a company’s ...

With 2 million bpd of crude throughput capacity, Phillips 66 is one of the largest American refiners. However, PSX also has significant chemicals and midstream assets that have, historically, delivered higher margins as compared to refining. This diversification differentiates PSX...

Valero Energy is expected to report record earnings, unlikely to be repeated soon. Crack spreads peaked last month, but futures curves still show them elevated in 2023-25 compared to the past decade. With a growing cost advantage and worldwide shortages of refining capacity, the c...

Across the energy sector , from oil and gas majors to contract oil drillers and oil refiners, shares of oil stocks are falling. Illustrative of the fall, as of 1:40 p.m. ET today, oil major ExxonMobil (NYSE: XOM) is down 2.2%, while downstream from Exxon, refiner Phillips ...

Following a decline in the price of oil, the Fidelity MSCI Energy ETF is down roughly 20% from its June high. That being the case, the pullback is a great opportunity for investors who are underweight the energy sector. That's because the fund represents extreme value: it has a P/...

JET H2 Energy combines companies’ retail and hydrogen expertise to form a leading player in hydrogen mobility Phillips 66 (NYSE: PSX) and H2 Energy Europe (“H2 Energy”) today announced they have closed on a 50-50 joint venture to set up and operate a...

Phillips 66 is a diversified, growing company in the energy sector. The company has attractive long-term prospects for dividend growth. Phillips 66’s stock is trading at a reasonable 8x forward earnings multiple. After a 25% valuation drop in June, the dividend an...

Stability can be a great attribute for stocks coming off a big selloff and facing an generational tightening cycle. As earnings season shifts into high gear, AllianceBernstein looked at stocks that tend to underreact to better-than or worse-than consensus numbers. "Stocks with t...

If you are building a diversified portfolio, you'll want to add some exposure to the energy sector. The high price of oil today, while the broader market is struggling, shows why this could be beneficial. But you will want to tread carefully, making sure that the passive income streams ...

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...