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This past year has been a fascinating one for the oil market. Crude prices rocketed into the triple digits following Russia's invasion of Ukraine. However, they've since given back most of those gains on concerns that rising interest rates to combat inflation will drive the economy into a recessi...
Phillips 66 ( NYSE: PSX ) -1.8% in Friday's trading after revealing a $2B capital budget for FY 2023 , including 50% of planned $1.1B in growth capital supporting low-carbon initiatives, compared to 45% allocated in the company's 2022 plan. Including Phillips 66's ( PSX ) ...
Continued Commitment to Disciplined Capital Allocation Phillips 66 (NYSE: PSX) today announced a 2023 capital program of $2 billion, including $865 million for sustaining capital and $1.1 billion for growth capital. Approximately 50% of growth capital supports lower-carbon opportunities. ...
Oil stocks have had a great run in 2022. Crude prices surged following Russia's invasion of Ukraine, enabling oil companies to feast on higher prices. While oil has cooled off considerably from its peak on concerns that demand could decline in 2023 if the global economy slows, most economists exp...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the Federal Reserve committed to tackling historically high inflation through hawkish monetary policies, it’s time for investors to consider the best stocks to buy for rising interest rates. Sure, some indicators su...
Summary Given a strong U.S. dollar, the Global X Silver Miners ETF is down 32% over the past year even as the price of silver is down only 12.7%. That being the case, investing in SIL is primarily a bet that the U.S. dollar & diesel price will weaken going forward. Meanwhi...
Summary 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. F...
Summary Phillips 66 held its "Investor Day 2022" gathering yesterday and unveiled a relatively fresh strategy to significantly boost investor returns through 2024. The strategy focuses on actually wringing-out the promised rewards of PSX's previous multi-year strategic plan to div...
Phillips 66 ( NYSE: PSX ) plans to return an additional $10B -$12B to shareholders by the end of 2024 through a combination of dividends and share repurchases, the energy company announced on Wednesday ahead of its investor day meeting. The board also authorized a $5B incr...
Return $10 billion - $12 billion to shareholders by end of 2024 Increase share repurchase authorization by $5 billion Improve Refining performance Integrate DCP Midstream; anticipate greater than $1 billion of adjusted EBITDA accretion Sustainable cost reductions of $1...
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2024-05-23 12:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Phillips 66 (NYSE:PSX) inked a deal to acquire Pinnacle Midland Parent LLC from Energy Spectrum Capital for a cash consideration of $550 ...
Transaction advances company’s wellhead-to-market strategy Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand...