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Donations are being made across U.S., U.K. on behalf of the company’s employees Phillips 66 (NYSE: PSX) announced today it is contributing a total of $1 million to 48 local food banks across the U.S. and in the U.K., with $200,000 going to five organizations in Houston. T...
Phillips 66 ([[PSX]], [[PSXP]]) unveils a 2021 capital budget at $1.7B, ~43% lower than forecast for the previous year.Phillips 66's 2021 refining capital budget of $776M includes pre-construction engineering and design costs related to plans to reconfigure its San Francisco Refinery in Rodeo...
Commitment to Disciplined Capital Allocation Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2021 capital budget of $1.7 billion, which includes $0.3 billion at Phillips 66 Partners. “Our 2021 capital budget is supp...
Tweedy Browne’s 13F portfolio value increased from $2.51B to $2.58B this quarter. The largest five individual stock positions are Berkshire Hathaway, Alphabet, Johnson & Johnson, Cisco Systems, and Baidu, and they account for ~55% of the portfolio. Tweedy Browne increas...
Market conditions are ripe for a sustained rally for U.S. oil E&Ps in 2021, Morgan Stanley analysts say, projecting Brent crude prices will rebound to $55/bbl by H2 2021 and concluding that many E&Ps finally have the capital discipline required to take advantage of that environment."N...
Oil and gas stocks ([[XLE]] +1.9%) are off to another strong start, as crude oil futures edge higher on optimism about prospects for a new round of U.S. coronavirus spending; January WTI (CL1:COM) +1% to $46.05/bbl, February Brent (CO1:COM) +1% to $49.36/bbl.The Direxion S&P Oil and ...
The last month has been an intelligent time to acquire oil & gas assets, as prices have begun to rebound from the sector's 2020 bust. XLE is a diversified way to own oil & gas blue-chips, and collect dividends running at 3x the S&P 500 yield presently. A projected stre...
As markets wind down for the week Friday, oil prices are continuing to rise, with WTI crude futures up a full percentage point and Brent crude not far behind -- up 0.9%. That's good news for shares of ConocoPhillips (NYSE: COP) , Phillips 66 (NYSE: PSX) , and Occidenta...
Energy stocks ([[XLE]] +4.6%) again lead the S&P 500 sector standings, rising for a fourth straight day, Index Friday after OPEC+ agreed to ease production cuts next year.The sector has surged 9.7% just since the start of December, extending its Q4 gain to 32.3% compared with a 9.7% QTD g...
Shares of ExxonMobil (NYSE: XOM) , Phillips 66 (NYSE: PSX) , and Apache Corporation (NASDAQ: APA) are rocketing today, up 4.4%, 4.8%, and 8.2%, respectively, as of 1:40 p.m. EST. It turns out there's good reason for that. In today's oil price news , WTI crude oil...
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2024-07-21 08:45:00 ET In addition to being the most valuable U.S.-based energy company, ExxonMobil is a consistent dividend payer, with over 42 consecutive years of raising its payout . With a diversified business model and enough cash flow to invest in organic growth, acquisitions...