Profile
Sector:
EnergyIndustry:
Oil & Gas Refining & MarketingCountry:
United StatesIPO:
12 April 2012Website:
http://www.phillips66.comNext earnings report:
N/ALast dividends:
20 August 2024Next dividends:
18 November 2024Price
after hours | 87 min agoAnalysts recommendations
Institutional Ownership
PSX Latest News
U.S. stocks were mostly up as trading came to a close, with the Nasdaq Composite increasing by over 150 points on Tuesday.
PSX's earnings for the third quarter improved due to cost-cutting measures, although this was somewhat balanced out by reduced earnings from the refining sector because of falling profit margins.
Phillips 66 (PSX) finished the last trading session at $128.49, which represents a decrease of 0.49% compared to the previous day's closing price.
Phillips 66 provides a 3.4% dividend yield and has the potential for EBITDA growth, making it a good choice for those looking for passive income. The company is effectively managed and has a varied downstream portfolio, concentrating on cutting costs and selling assets to enhance returns on capital. Even with low refining margins, PSX has steadily increased its dividend since 2013, with a total rise of 238%.
The decrease in oil prices last week has given us the chance to purchase high-quality energy dividends at a lower cost. Soon, we will take advantage of one that has a "hidden" yield of 10.3%.
Phillips 66 (PSX) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
Phillips 66 (PSX) finished the last trading session at $132.60, which represents a decrease of 0.56% compared to the previous day's closing price.
Phillips 66 announced on Wednesday that it intends to cease operations at its refinery near Los Angeles in the last quarter of 2025. The company will collaborate with the state of California to ensure fuel supply and meet the needs of consumers.
HOUSTON--(BUSINESS WIRE)--Phillips 66 has revealed that its subsidiary has signed a final agreement to sell its 49 percent stake in Coop Mineraloel AG, which it does not operate.
Phillips 66 (PSX) finished the last trading session at $136.35, which represents a slight decrease of 0.05% compared to the previous day's closing price.
What type of business is Phillips 66?
Phillips 66 is an American energy company headquartered in Houston, Texas, specializing in the production of natural gas liquids and petrochemical products. It was founded in 2011 as a result of a spin-off from ConocoPhillips. The company's activities are divided into four business segments: - Midstream - provides services for the transportation and processing of crude oil and petroleum products, as well as services for the transportation, storage, processing, and marketing of natural gas and liquefied natural gas. - Chemicals - produces and sells petroleum products and plastics. - Refining - is involved in the processing of crude oil and other raw materials into petroleum products (gasoline, distillates, and aviation fuel). - Marketing and Specialties (M&S) - specializes in purchasing petroleum products for resale and marketing.
What sector is Phillips 66 in?
Phillips 66 is in the Energy sector
What industry is Phillips 66 in?
Phillips 66 is in the Oil & Gas Refining & Marketing industry
What country is Phillips 66 from?
Phillips 66 is headquartered in United States
When did Phillips 66 go public?
Phillips 66 initial public offering (IPO) was on 12 April 2012
What is Phillips 66 website?
https://www.phillips66.com
Is Phillips 66 in the S&P 500?
Yes, Phillips 66 is included in the S&P 500 index
Is Phillips 66 in the NASDAQ 100?
No, Phillips 66 is not included in the NASDAQ 100 index
Is Phillips 66 in the Dow Jones?
No, Phillips 66 is not included in the Dow Jones index
When was Phillips 66 the previous earnings report?
No data
When does Phillips 66 earnings report?
Next earnings report date is not announced yet