Industry and Investment Strategy - The analyst leverages professional expertise in the nuclear power and energy industries to evaluate long-term investment opportunities in equities and rental real estate properties [1] - The focus is on income-producing equities and real estate for cash flow and long-term appreciation [1] - Articles aim to present the underlying fundamentals and long-term potential of each equity or business [1] Market Timing and Cyclical Opportunities - The bottom of a cyclical business cycle presents an opportune time for long-term investors to accumulate a company's stock [4] - This period allows investors to capture underlying value that is not yet appreciated by the market [4]

Phillips 66 (PSX) , the Houston-based oil giant, revealed its 2025 capital budget last week, totaling $2.1 billion, with a strategic focus on sustaining capital and growth investments. The company plans to allocate $998 million for sustaining capital, with $1.1 billion earmarked for growth initiatives.Mark Lashier, chairman and CEO of Phillips 66, highlighted the company's continued focus on capital discipline, ensuring that investments are aligned with its strategic priorities. The budget reflects Phillips ...

Phillips 66 (PSX) , the Houston-based oil giant, announced plans to sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, per a Reuters report. This strategic move positions the U.S. refiner to surpass its $3 billion non-core asset divestiture target.The company has already raised $2.7 billion through the sale of fuel terminals, pipelines and its stake in a Swiss retail joint venture. Phillips 66's CEO, Mark Lashier, emphasized the comp ...

Phillips 66 (PSX -5.24%) has done a magnificent job returning value to shareholders since its spinoff from ConocoPhillips in 2012. The integrated downstream energy company has returned an impressive $43 billion in cash to its shareholders over the past dozen years. That's more than 200% of its initial market capitalization. The energy company is in a strong position to continue generating cash and returning it to shareholders. Here's a look at why.A cash flow producing (and returning) machinePhillips 66 is ...

Phillips 66 (PSX) , a leading global refiner, has partnered with the electrical utility firm NextEra Energy (NEE) to power its refinery in Rodeo, CA. PSX will do so through the energy generated by a new solar facility, which will be owned and operated by NextEra Energy.Overview of the Solar FacilityThe new solar plant is estimated to have a 30.2 megawatts (MW) power generation capacity. The plant is expected to be operational in January 2025, gradually increasing its power generation capacity over the first ...

A month has gone by since the last earnings report for Phillips 66 (PSX) . Shares have added about 9.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Phillips 66 due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Phillips 66 Q3 Earnings Beat Estimates, Revenues Decli ...

PHILLIPS 66 THIRD-QUARTER CONFERENCE CALL OCTOBER 29, 2024 Bayway Refinery LINDEN, NJ Cautionary Statement This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66's operations, strategy and performance. Words such as "anticipated," "estimated," "expected," "planned," "scheduled," "targeted," "believe," "continue," "intend," "will," "would," "objective," "goal," "project," "efforts," "strategies" and similar expressions that convey the p ...

Phillips 66 (NYSE:PSX) Q3 2024 Earnings Conference Call October 29, 2024 12:00 PM ET Company Participants Jeff Dietert - VP, IR Mark Lashier - Chairman & CEO Kevin Mitchell - CFO Don Baldridge - EVP, Midstream and Chemicals Rich Harbison - EVP, Refining Brian Mandell, - EVP, Marketing and Commercial Conference Call Participants John Royall - JPMorgan Roger Read - Wells Fargo Neil Mehta - Goldman Sachs Ryan Todd - Piper Sandler Manav Gupta - UBS Matthew Blair - Tudor, Pickering, Holt Jason Gabelman - TD Cowe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35349 Phillips 66 (Exact name of registrant as specified in its charter) Delaware 45-3779385 (State or other jurisdict ...

U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining more than 150 points on Tuesday. The Dow traded down 0.11% to 42,341.64 while the NASDAQ rose 0.85% to 18,724.32. The S&P 500 also rose, gaining, 0.35% to 5,843.93. Check This Out: Jim Cramer: 'Avoid' This Consumer Cyclical Stock, Buy Lam Research Leading and Lagging Sectors Communication services shares rose by 1.5% on Tuesday. In trading on Tuesday, utilities shares fell by 1.8%. Top Headline Phillips 66 PSX shar ...