Phillips 66(PSX)

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Global Markets Brace for Political Shifts and Economic Warnings
Stock Market News· 2025-10-08 10:08
Key TakeawaysJapan's Economy Minister Ryosei Akazawa is expected to leave his post, signaling potential shifts in economic policy amidst ongoing trade discussions with the U.S.French political instability deepens as Socialist Party leader Olivier Faure rejects the current budget plan and demands guarantees on pension reform, following the recent resignation of Prime Minister Sébastien Lecornu.The Bank of England's Financial Policy Committee (FPC) warns that some backward-looking equity valuations are compar ...
Fire Shuts Chevron Refinery Units Near LA as Fuel Crunch Looms
MINT· 2025-10-03 18:20
(Bloomberg) -- Chevron Corp.’s El Segundo refinery in Los Angeles County has shut multiple units as it continues battling a fire that broke out last night, the latest threat to fuel supplies in a state that’s already bracing for shortfalls. Firefighters responded after reports of an explosion at the El Segundo operation, south of Los Angeles airport, on Thursday evening local time. “The fire originated at a process unit at the southeast corner of the refinery,” said Becky Robinson, a spokesperson for the ...
Iran-Aligned Houthis Sanction US Oil Majors
ZeroHedge· 2025-10-02 02:15
Group 1 - Major U.S. oil companies and their executives have been sanctioned by a Houthi-affiliated body for allegedly violating a Houthi embargo [1][3] - The Humanitarian Operations Coordination Center (HOCC) sanctioned 13 U.S. oil companies, nine executives, and two assets linked to the U.S. [3] - Companies affected include ExxonMobil, Chevron, ConocoPhillips, Phillips 66, Marathon Petroleum, Valero, and Occidental, along with their top executives [4] Group 2 - The sanctions are described as a response to U.S. sanctions, with the Houthis claiming the action is based on the principle of reciprocity [5] - The geopolitical context includes ongoing events in the Middle East, such as the Israeli offensive in Gaza and the re-imposition of UN sanctions on Iran [6] - The Houthis also claimed responsibility for an attack on a Netherlands-flagged cargo ship, indicating a potential escalation in maritime security risks [7]
Phillips 66 to take $100M charge as it winds down Los Angeles refinery (PSX:NYSE)
Seeking Alpha· 2025-10-01 19:54
Group 1 - The article does not provide any specific information or data regarding companies or industries [1]
Phillips 66 to book $100 million charge as it winds down Los Angeles refinery
Reuters· 2025-10-01 17:32
U.S. oil refiner Phillips 66 expects to book about $100 million of charges to idle its 139,000-barrel-per-day Los Angeles-area refinery, which will cease operations by year-end, the company said on Wednesday. ...
Phillips 66 provides update on Los Angeles Refinery operations
Businesswire· 2025-10-01 16:30
Core Viewpoint - Phillips 66 is progressing towards idling operations at its Los Angeles refinery [1] Company Summary - The company has provided an update regarding its Los Angeles refinery operations [1]
WKC vs. PSX: Which Stock Should Value Investors Buy Now?
ZACKS· 2025-09-30 16:41
Core Insights - The article compares World Kinect (WKC) and Phillips 66 (PSX) as potential undervalued stocks in the Oil and Gas - Refining and Marketing sector [1] Valuation Metrics - WKC has a forward P/E ratio of 11.61, while PSX has a forward P/E of 25.77 [5] - WKC's PEG ratio is 1.18, compared to PSX's PEG ratio of 1.95 [5] - WKC's P/B ratio is 0.9, indicating a lower market value relative to its book value, while PSX has a P/B of 1.94 [6] Investment Ratings - Both WKC and PSX currently hold a Zacks Rank of 1 (Strong Buy), indicating positive earnings estimate revisions for both companies [3] - WKC has a Value grade of A, while PSX has a Value grade of C, suggesting WKC is the superior value option based on current valuation figures [6]
Phillips 66 (PSX) Upgraded to Strong Buy: Here's Why
ZACKS· 2025-09-29 17:01
Core Viewpoint - Phillips 66 (PSX) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Phillips 66 indicate an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [10]. Recent Earnings Estimate Revisions - For the fiscal year ending December 2025, Phillips 66 is expected to earn $5.34 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 24.3% over the past three months [8].
Are Oils-Energy Stocks Lagging Phillips 66 (PSX) This Year?
ZACKS· 2025-09-29 14:41
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Phillips 66 (PSX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Phillips 66 is a member of our Oils-Energy group, which includes 240 dif ...
Newsom says GM's Mary Barra 'sold us out' on electric vehicle policies and federal subsidies
Fox Business· 2025-09-26 11:00
Group 1: Electric Vehicle Industry - California Governor Gavin Newsom criticized General Motors and its CEO Mary Barra for the rollback of electric vehicle (EV) subsidies and anti-EV measures initiated by the Trump administration and Congressional Republicans [1][2] - Newsom highlighted that approximately one-fourth of new vehicles sold in California are alternative-fueled, the highest share in the nation, and noted the presence of 60 EV manufacturers in the state, which has fostered a favorable ecosystem for EVs [5] - The state plans to continue investing in EV infrastructure and renewable energy through its cap-and-trade program, which sets greenhouse gas emissions limits and generates revenue for emission reduction projects [6][7] Group 2: Regulatory Environment and Oil Industry - Despite the focus on EVs, Newsom is also working to prevent oil and gas companies from leaving California due to perceived hostile regulatory conditions [8] - The number of refineries in California has decreased significantly from 40 in 1983 to 13 currently, with expectations of further declines [11] - Recent legislation signed by Newsom aims to fast-track the approval of 2,000 new oil wells annually over the next decade in Kern County, a key oil-producing region [11][12]