News
PSX
163.34
+2.76%
4.38
S&P 500 Posts a Record High on Optimism the Fed Can Achieve a Soft Landing
S&P 500 posts a new all-time high after Q4 GDP report revised higher. Energy stocks support the overall market as crude prices rise to a 1-week high. European stocks rally to a new 23-year high Thursday. Hawkish comments by Fed Governor Waller pushed bond yields higher.
Barchart · 20h ago
BUZZ-US energy sector rises on tighter supply outlook
US energy sector rises on tighter supply outlook. S&P 500 Energy Sector rises 0.5%, tracking crude prices. Brent crude up 1.4% and U.S. West Texas Intermediate crude rises 1.2%. OPEC+ producer alliance is widely expected to stay the course on production cuts.
Reuters · 21h ago
Phillips 66 (PSX) Rises Higher Than Market: Key Facts
NASDAQ · 1d ago
WTI Crude Oil (CM:CL) Slips amid Soft Demand, Stronger Dollar
TipRanks · 1d ago
Energy Sector Update for 03/27/2024: BLK, PSX, E, VET
NASDAQ · 1d ago
PSX Factor-Based Stock Analysis
NASDAQ · 1d ago
Phillips 66 (PSX) Eyes Pipeline Stake Sale Worth More Than $1B
NASDAQ · 1d ago
Phillips 66 Explores Sale Of Rockies Express Pipeline Stake Worth Over $1B: Report
Phillips 66 is reportedly exploring a sale of its 25% stake in the Rockies Express Pipeline. The company hopes the asset to be worth more than $1 billion, including debt. The Rockies Express pipeline is a 1,700-mile interstate natural gas pipeline extending from Wyoming and Colorado to Eastern Ohio.
Benzinga · 2d ago
Deals of the day-Mergers and acquisitions
Deutsche Bahn says it will take some time to evaluate offers for logistics subsidiary Schenker. Between seven and 10 companies have made binding offers for the logistics subsidiary of German rail company. Renault plans to sell a stake of about 2.5% in Nissan to the Japanese car maker.
Reuters · 2d ago
Phillips 66 explores sale of REX pipeline stake worth $1B-plus - Reuters
Energy Phillips 66 explores sale of REX pipeline stake worth $1B-plus. REX is a 1,700-mile interstate natural gas pipeline stretching from Wyoming and Colorado to eastern Ohio. Phillips 66 hopes to get a premium to the stake's current book value of $451M.
Seeking Alpha · 2d ago
Phillips 66 CEO says Elliott now backs company's performance goals
Energy Phillips 66 CEO says Elliott now backs company's performance goals. Elliott Management has a $1B stake in the refining company. The company is ahead of schedule on a plan to buy back $6B-$8B in shares by year-end, CEO says.
Seeking Alpha · 2d ago
'Phillips 66 Explores Sale Of Of Its 25% Stake In The Rockies Express Pipeline Worth Over $1B, Sources Say' - Reuters News
U.S. Oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline. The company is hoping to sell the pipeline for more than $1 billion, sources say. The pipeline is a 1,700-mile interstate natural gas pipeline stretching from Wyoming to Ohio. Phillips 66 has a market value of $67 billion.
Benzinga · 2d ago
Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say
Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say. The Rockies Express Pipeline (REX) is a 1,700-mile interstate gas pipeline stretching from Wyoming to Ohio. Phillips 66 is aiming to raise about $3 billion from asset sales this year.
Reuters · 2d ago
UPDATE 1-Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
Activist investor Elliott Investment Management has accepted Phillips 66's performance goals. Elliott sent a letter to the company's board last fall, disclosing a $1 billion stake in the company. CEO Mark Lashier says Elliott has bought into company's plans to boost shareholder returns and share price. Since Elliott disclosed its recommendations, Phillips 66 shares have climbed 32%.
Reuters · 2d ago
Weekly Report: what happened at PSX last week (0318-0322)?
Weekly Report · 4d ago
BUZZ-U.S. STOCKS ON THE MOVE-Reddit, Alphabet, Tesla
The blue-chip Dow and the benchmark S&P 500 eased on Friday, but are still on track for strong weekly gains. Investors cheered the Federal Reserve's rate-easing stance. Reddit, Alphabet and Tesla were among the biggest losers on Wall Street. The Dow Jones Industrial Average was down 0.46% and the Nasdaq Composite was up.
Reuters · 6d ago
BUZZ-Mizuho Securities raises price targets for US refiners on demand optimism
Mizuho Securities raises price targets on U.S. Refiners due to demand optimism and potential short-term supply concerns. Brokerage downgrades Valero Energy and PBF Energy from "buy" to reflect low upside potential. Recent outages could lead to wider cracks -term and further stock price appreciation.
Reuters · 6d ago
Phillips 66 Is Maintained at Buy by Goldman Sachs
Dow Jones · 6d ago
Phillips 66 Is Maintained at Neutral by Mizuho
Dow Jones · 6d ago
Phillips 66 Price Target Raised to $167.00/Share From $135.00 by Mizuho
Dow Jones · 6d ago
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About PSX
Phillips 66 is a diversified and integrated downstream energy provider with midstream, chemicals, refining, and marketing and specialties businesses. The Company’s segments include Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). Its Midstream segment provides crude oil and refined petroleum product transportation, terminaling and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services, mainly in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates and aviation fuels, as well as renewable fuels. Its Marketing & Specialties segment purchases for resale and markets refined petroleum products and renewable fuels.