- Large oil refiner Phillips 66, a $32.4 billion market cap company, pays a 4.9% dividend. Profits come from midstream, chemicals, refining, and marketing & specialties.
- Good earnings from chemicals and marketing are expected to be augmented with improved refining earnings in the next eighteen months. Forward-looking chemicals and ESG projects will add to growth.
- Increased gasoline demand and high crude prices have led to high gasoline prices, prompting set-your-watch-by-it regulatory scrutiny of the consumer-facing gasoline business.
For further details see:
Phillips 66 Stock: Advantaged By Its Refining-Adjacent Businesses