BALTIMORE, July 17, 2025 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s investment returns for the first half of 2025. The total return on the Fund’s net asset value for the first half of 2025 was 2.3%, with dividends and capital gains reinvested. The comparable figures for the S&P Energy Sector and the S&P 500 Materials Sector were 0.8% and 6.0%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%) ...

Company Performance - Phillips 66 (PSX) closed at $129.01, reflecting a -2.05% change from the previous day's closing price, underperforming the S&P 500 which gained 0.14% [1] - Over the past month, shares of Phillips 66 have appreciated by 7.83%, outperforming the Oils-Energy sector's gain of 2.89% and the S&P 500's gain of 3.97% [1] Upcoming Financial Results - Phillips 66 is set to announce its earnings on July 25, 2025, with an anticipated EPS of $1.62, representing a 29.87% decline compared to the same quarter of the previous year [2] - The consensus estimate for revenue is $30.54 billion, down 21.51% from the prior-year quarter [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $4.17 per share and revenue of $122.7 billion, indicating changes of -32.2% and -15.67% respectively from the previous year [3] Analyst Estimates and Stock Performance - Recent adjustments to analyst estimates for Phillips 66 indicate changing near-term business trends, with upward revisions reflecting analysts' positivity towards the company's operations [4] - A 2.34% decline in the Zacks Consensus EPS estimate over the past month has resulted in Phillips 66 currently holding a Zacks Rank of 4 (Sell) [6] Valuation Metrics - Phillips 66 has a Forward P/E ratio of 31.59, which is a premium compared to the industry average Forward P/E of 18.57 [7] - The company has a PEG ratio of 2.11, compared to the industry average PEG ratio of 1.74 [7] Industry Context - The Oil and Gas - Refining and Marketing industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 198, placing it in the bottom 20% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure:I/we have a beneficial long position in the shares of PSX either through stock ownership, options, or other derivatives. I wrote this a ...

Strategy and Performance - Phillips 66's TSR outperformed its synthetic proxy peer median by 22% (67% vs 45%) since the 2022 CEO transition[18] - The company's integrated model results in a 39% higher return of capital to shareholders compared to its weighted proxy peer average over the last 10 years (646% vs 465%)[20, 21] - Phillips 66's average return on capital employed is 44% higher than its weighted proxy peer average over the last 10 years (107% vs 74%)[22, 23] - The company has a 15% compound annual growth rate (CAGR) in dividends[32, 36] - Phillips 66 has repurchased 35% of its initial shares outstanding since the 2012 spin-off[36] Refining - Phillips 66 aims to reduce refining costs to $550 per barrel by 2027[51] - The company reduced refining costs from $698 per barrel to $590 per barrel[50] - Every $050 per barrel of cost reduction is expected to improve adjusted EBITDA by approximately $315 million[66] Midstream - Phillips 66 projects Midstream adjusted EBITDA growth since 2021[78] - The company is projecting $975 million in Midstream capital spend in 2025[90] Chemicals - CPChem is expected to add approximately 7 million metric tons per annum (MMTA) of capacity through self-funded organic growth from 2017 to 2027[101, 143] - CPChem anticipates a 19% chain margin recovery by 2027[143] Synergies and Capital Allocation - Phillips 66 generates over $500 million in annual operating synergies through integration[106] - The company targets returning over 50% of net operating cash flow to shareholders[53, 114, 119]

Key Takeaways PSX plans to produce CARB gasoline at its Ferndale refinery to boost California fuel supply. The move follows PSX's decision to shut down its 139,000 bpd Los Angeles refinery this year. PSX is working with state officials and exploring imports to maintain California market supply.Phillips 66 (PSX) , a leading integrated energy company, is considering producing CARB gasoline at its Ferndale refinery in Washington. CARB gasoline is a cleaner-burning fuel that can help improve air quality as it ...

Group 1 - The core topic discussed was the recent annual meeting and the outcome of the shareholder vote, which resulted in a split Board vote with 2 out of 4 nominees elected [4] - The company views the shareholder engagement process as an opportunity to connect with a broad array of shareholders and communicate its strategy effectively [4] - The feedback received from shareholders was constructive, helping the company to refine its message and reaffirm its commitment to improving Refining performance [4] Group 2 - Mark E. Lashier has been the CEO of Phillips 66 since 2022 and has a long history with the company, including previous roles at Phillips Petroleum and CPChem [1] - The company is focused on enhancing its Refining performance and has been on this journey for some time, with positive responses from employees during the process [4]

Phillips 66 (PSX) 2025 Conference June 24, 2025 10:55 AM ET Speaker0 So welcome Mark Weisher, chairman and CEO of Phillips sixty six. Mark has been CEO since 02/2022, and he's, I believe, a lifer with the company back to Philips Petroleum and inclusive of his time at CPChem where he had several positions and ultimately ran CPChem prior to taking the helm of Philips as he's sick. So, Mark, thanks very much for joining us today. Speaker1 John, thanks for having us here. Speaker0 So let's start with probably t ...

菲利普斯66的股东将选举私募Elliott Investment Management提名的两名董事，这将是这家激进投资者在 美国进行的首次代理投票。5月21日，Elliott在一份声明中援引对投票结果的初步分析称，股东准备从埃 利奥特的四名提名人中选出西格蒙德·科尼利厄斯（Sigmund Cornelius）和迈克尔·海姆（Michael Heim）。菲利普斯66在另一份声明中表示，菲利普斯66的两名提名人罗伯特·皮斯（Robert Pease）和奈 杰尔·赫恩（Nigel Hearne）也将当选。 ...

Group 1 - Elliott Investment Management has successfully elected two nominees, Sigmund Cornelius and Michael Heim, to the Board of Directors of Phillips 66, indicating a clear mandate from shareholders for change [1][2] - The election results reflect shareholders' demand for meaningful changes in operational execution, corporate governance, and strategic direction to enhance value creation at Phillips 66 [2][3] - Elliott, as one of the largest investors in Phillips 66, will continue to engage actively with the company and hold management accountable for improving shareholder value [3] Group 2 - Elliott Investment Management managed approximately $72.7 billion in assets as of December 31, 2024, making it one of the oldest funds under continuous management [3]

Core Viewpoint - Elliott Investment Management is advocating for the election of four independent director nominees to the board of Phillips 66, emphasizing their skills and experiences to drive positive change and create value for shareholders [1][2][3]. Group 1: Nominees' Qualifications - The four nominees—Brian Coffman, Sigmund Cornelius, Michael Heim, and Stacy Nieuwoudt—bring a diverse set of skills relevant to Phillips 66, including leadership in refining, financial oversight, midstream operations, and an investor's perspective [3][4]. - Each nominee has experience serving on boards of companies at various stages, which positions them to address the unique challenges faced by Phillips 66 [3]. Group 2: Value Creation Potential - The nominees believe that closing the performance gap between Phillips 66 and its competitors is achievable, citing the company's high-quality assets and talented workforce as key strengths [4]. - They propose a focus on operational excellence, accountability, and corporate governance to unlock the company's potential and enhance its market position [4]. Group 3: Commitment to Collaboration - If elected, the nominees are prepared to work constructively with incumbent directors to strengthen Phillips 66, emphasizing their independent thinking and readiness to ask challenging questions [5]. - The nominees express a commitment to improving the company's credibility with shareholders and conducting thorough evaluations of its current structure and operations [5][6].