In the latest market close, Phillips 66 (PSX) reached $158.76, with a +1.13% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.89%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.The oil refiner's shares have seen an increase of 11.23% over the last month, surpassing the Oils-Energy sector's gain of 5.25% and the S&P 500's gain of 3.56%.Market participants will be closely following the financial results of Phillips 66 in its ...

Phillips 66 (PSX) shares soared 3% in the last trading session to close at $159.03. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.5% gain over the past four weeks.The surge can be attributed to its fourth-quarter performance, during which the company's Midstream segment exhibited increased revenue compared to the corresponding period in the prior year. Additionally, the company achieved remarkable run-rate cost and sustaining ...

Phillips 66 (NYSE:PSX) BofA Securities Refining Conference March 14, 2024 12:45 PM ET Company Participants Rich Harbison - EVP, Refining Jeff Dietert - VP, IR Conference Call Participants Douglas Leggate - Bank of America Douglas Leggate Folks, we're going to try and get back on schedule. I'm sorry, we're running just a few minutes late. So say the best the last, I guess, right? [Indiscernible] No joking aside. Thanks very much indeed for being here guys. Jeff Dietert, Head of Investor Relations shouldn't b ...

Phillips 66 (PSX) has surged 59.3% in the past year compared with the industry’s 18.4% improvement. What's Favoring the Stock?PSX has a diversified business model, with a significant presence in businesses related to refining midstream, chemicals and marketing & specialties. In each of its operations, Phillips 66 has a solid footprint pertaining to safety, profitability, size and competitive strengths.It is focusing more on businesses like midstream, renewables and chemicals, which makes the business model ...

Core Viewpoint - Phillips 66 has been trending as a highly searched stock, with its recent performance showing a return of +1.6% over the past month, compared to +3.4% for the S&P 500 and +3.2% for the Oil and Gas - Refining and Marketing industry [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Phillips 66 is $2.58 per share, reflecting a decrease of -38.7% year-over-year, with a -3.7% change in the Zacks Consensus Estimate over the last 30 days [3] - For the current fiscal year, the consensus earnings estimate is $13.06, indicating a -17.4% change from the previous year, with a +2.2% change in the estimate over the last 30 days [3] - The next fiscal year's consensus earnings estimate is $13.62, showing a +4.3% change from the prior year, with a +0.9% change in the estimate over the past month [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $31.71 billion, indicating a year-over-year change of -9.6% [5] - For the current fiscal year, the sales estimate is $133.96 billion, reflecting a -10.6% change, while the next fiscal year's estimate is $135.21 billion, indicating a +0.9% change [5] Last Reported Results and Surprise History - In the last reported quarter, Phillips 66 had revenues of $38.74 billion, a year-over-year decrease of -5.3%, and an EPS of $3.09 compared to $4 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $34.3 billion by +12.93%, and the EPS surprise was +30.38% [6] - Over the last four quarters, Phillips 66 surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [7] Valuation - Phillips 66's valuation is assessed through various multiples, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to determine if the stock is fairly valued, overvalued, or undervalued [8] - The Zacks Value Style Score for Phillips 66 is graded A, indicating it is trading at a discount to its peers [9] Conclusion - The Zacks Rank 3 suggests that Phillips 66 may perform in line with the broader market in the near term, despite the market buzz surrounding the stock [10]

Phillips 66 (PSX) closed at $149.21 in the latest trading session, marking a +1.66% move from the prior day. This move outpaced the S&P 500's daily gain of 1.03%. Meanwhile, the Dow experienced a rise of 0.34%, and the technology-dominated Nasdaq saw an increase of 1.51%.Shares of the oil refiner witnessed a gain of 0.16% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 4.1% and the S&P 500's gain of 3.21%.The upcoming earnings release of Phillips 66 will be of gr ...

Joe_PotatoWith a market capitalization of $63.5 billion, Phillips 66 (NYSE:PSX) is one of the largest energy companies, not only in the US, but across the globe. Despite this, I feel like the firm does not receive all that much attention from investors. Even I have not kept track of its operations as closely as I should. The last time I wrote about the business, for instance, was in an article published in February of 2018. At that time, the discussion centered around an agreement struck between the fir ...

Table of Contents Index to Financial Statements 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ 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) Delawa ...

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Phillips 66 (NYSE: PSX) has appointed Robert W. Pease to serve on the board, effective immediately. Following the appointment, the board consists of 14 directors, 12 of whom are independent. In addition, Phillips 66 and Elliott Investment Management L.P. (together with its affiliates, “Elliott”) have agreed to work together to identify a second mutually agreed director to be named over the coming months. “ Phillips 66 is pleased to welcome Bob to the boar ...

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on March 1, 2024, to shareholders of record as of the close of business on Feb. 20, 2024. About Phillips 66 Phillips 66 (NYSE: PSX) is a leading diversified and integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Che ...