Collaboration Aims to Fuel the Next Generation of Big 12 Athletes through Safer Sports AccessKANSAS CITY, Mo., April 2, 2024 /PRNewswire/ -- Phillips 66® is proud to announce that they will be contributing $100,000 towards revamping the basketball courts in the Parade Park community in Kansas City, Mo. This year's Big 12 Basketball Tournament marked the 36th consecutive year Phillips 66® has served as a tournament partner and the 15th consecutive year the tournament has been held in Kansas City, with the Bi ...

Phillips 66 (PSX) , a leading energy company, has announced its plans to expand its commercial-scale production of renewable diesel. This move aligns with the company's commitment to sustainability and renewable energy solutions.PSX’s Rodeo Renewed project has seen significant advancement, with the facility now exclusively processing renewable feedstocks. This has resulted in the production of approximately 30,000 barrels per day of renewable diesel.The Rodeo Renewable Energy Complex in California is on a t ...

Phillips 66 (PSX) closed the most recent trading day at $159.08, moving +0.2% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.2%.Coming into today, shares of the oil refiner had gained 10.6% in the past month. In that same time, the Oils-Energy sector gained 6.39%, while the S&P 500 gained 5.11%.The investment community will be paying close attention to the earnings ...

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 ...

Group 1 - Phillips 66 (PSX) has experienced a significant stock surge of 59.3% over the past year, outperforming the industry average improvement of 18.4% [1] - The company has a diversified business model with strong operations in refining, midstream, chemicals, and marketing & specialties, contributing to its competitive strengths [2] - Phillips 66 is focusing on midstream, renewables, and chemicals, which enhances the stability of its business model, with nearly 80% of its midstream contracts expected to be fee-based [2] Group 2 - The company returned over 50% of its operating cash flows to shareholders last year through share repurchases and dividend payments, indicating a strong commitment to capital return [2] - The refining business of Phillips 66 is subject to volatility due to fluctuating commodity prices, which can negatively impact profitability [3] - Other energy companies with strong rankings include Sunoco LP, Energy Transfer LP, and Murphy USA Inc., all of which have stable business models and lower exposure to commodity price volatility [4]

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 ...