In addition to today's announcement and as highlighted in the Phillips 66 capital budget, Phillips 66 Limited is also investing in a multiyear project at its Humber site that will enable production of higher-quality gasoline. LONDON--(BUSINESS WIRE)--Phillips 66 Limited has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions, including customary regulatory clearances. The announcement follows a bidding process handled b ...

Phillips 66 (PSX), headquartered in Houston, Texas, operates as an energy manufacturing and logistics company. With a market cap of $52.6 billion, the company’s operations include oil refining, marketing, and transportation, as well as chemical manufacturing and power generation. The leading integrated downstream energy provider is expected to announce its fiscal fourth-quarter earnings for 2025 before the market opens on Wednesday, Feb. 4. Ahead of the event, analysts expect PSX to report a profit of $2 ...

Core Insights - The overall energy business is currently highly uncertain due to West Texas Intermediate (WTI) oil prices trading below $60 per barrel, significantly lower than a year ago, but Phillips 66 (PSX) is likely to benefit from this crude pricing environment [1][2] Group 1: Phillips 66 (PSX) Analysis - As a leading refining company, Phillips 66 can purchase oil at lower costs, enabling the production of end products [2] - The U.S. Energy Information Administration (EIA) expects global oil inventories to continue increasing, which will likely keep crude prices soft in the near future [2] - EIA projects the average WTI price for 2026 at $51.42 per barrel, lower than the estimated $65.32 per barrel for 2025, indicating that Phillips 66 will benefit from the soft oil prices due to its significant refining margins [3] Group 2: Competitors and Market Position - Valero Energy Corporation (VLO) and Par Pacific Holdings Inc. (PARR) are also positioned to gain from the ongoing low oil prices, with Valero operating 15 refineries and a throughput capacity of 3.2 million barrels per day [4] - Par Pacific has a refining capacity of 219,000 barrels of oil daily and benefits from exposure to cheaper Canadian heavy oil, providing a cost advantage [5] Group 3: Financial Performance and Valuation - Shares of Phillips 66 have increased by 15.4% over the past year, slightly below the 16.2% rise of the industry composite stocks [6] - The company trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 13.57X, which is above the broader industry average of 4.34X [8] - The Zacks Consensus Estimate for Phillips 66's 2025 earnings has seen downward revisions over the past 30 days, indicating potential concerns in earnings expectations [9]

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Core Viewpoint - The article discusses the best Fortune 500 dividend stocks to invest in, highlighting the strong performance of global equities in 2025 and the importance of staying power in the market moving forward [1]. Market Performance - The MSCI All Country World Index rose over 21% in 2025, reaching a record level of 1,024 on December 26 [2]. - In the US, stock gains were primarily driven by earnings growth linked to artificial intelligence and steady consumer demand, with the S&P 500 and NASDAQ reaching new highs despite concerns about a potential AI bubble [3]. - Heavy capital spending by technology and infrastructure-related companies significantly contributed to the rise of US stocks, even as valuations exceeded historical norms [4]. Future Outlook - Looking ahead to 2026, expectations remain positive but cautious, with Goldman predicting continued earnings growth supported by AI investment and a favorable monetary environment, while also warning of elevated valuations and market concentration [5]. - State Street emphasized the need for selectivity in investment as markets may react more sharply to earnings results and policy changes [5]. Dividend Stocks Methodology - The article outlines a methodology for selecting the best dividend stocks, focusing on companies with an annual dividend yield over 2% as of December 31 and popularity among hedge funds at the end of Q3 2025 [8]. Company Highlights - **Phillips 66 (NYSE:PSX)**: - Dividend yield of 3.70% with 47 hedge fund holders [11]. - Approved a $2.4 billion capital budget for 2026, focusing on midstream natural gas liquids and higher-return refining projects [13]. - Completed acquisition of WRB Refining, enhancing crude processing flexibility [14]. - **The Kroger Co. (NYSE:KR)**: - Dividend yield of 2.23% with 55 hedge fund holders [16]. - Approved an additional $2 billion for share repurchases, adding to a previous $7.5 billion program [17]. - Faced intensified competition and has been adjusting its business strategy, including cost reductions and changes in e-commerce partnerships [19].

Market Analysis by covering: Valero Energy Corporation, Crude Oil WTI Futures, Phillips 66. Read 's Market Analysis on Investing.com ...

Let's get to some committee moves. Joe, you sold the GLD. A lot of talk about metals and gold in particular recently.You sold the GLD. >> I did. So, in the middle of November, I entered a position in the GLD as a trade.This was not on an expectation that this was going to be a long-term investment. When I think about how I view 2026 for the precious metals, I want to be long the precious metals. So for those of you that are sitting in investments in precious metals and have had them over the last several ye ...

Group 1: Oil Price Outlook - The U.S. Energy Information Administration (EIA) projects the average spot price of West Texas Intermediate crude to decline to $51.42 per barrel in 2026, down from $65.32 per barrel in 2023 and $76.60 per barrel in 2022, due to rising worldwide oil inventory [2] - Low oil prices are expected to benefit the refining industry, as companies can process cheaper raw crude into final products like gasoline and diesel, enhancing refining operations in 2026 [3] Group 2: Operational Efficiency and Cost Management - Advanced drilling techniques such as horizontal drilling and hydraulic fracturing have significantly reduced operational costs in oil and gas, leading to low break-even costs for exploration and production activities, making them potentially profitable despite low oil prices [4] - Demand for oilfield services is anticipated to remain favorable in 2026, benefiting companies that assist upstream operations [4] Group 3: Investment Opportunities - Phillips 66 (PSX) is highlighted as a leading refiner with a crude utilization rate of 99% in the September quarter of 2023, the highest since 2018, and is well-positioned to capitalize on lower oil prices by using Canadian heavy crude [5][6] - Valero Energy Corporation (VLO) operates 15 refineries with a combined capacity of 3.2 million barrels per day and focuses on maximizing profits through efficient refinery utilization and selective investments, also expected to benefit from low input costs [6][7] - Oceaneering International (OII) provides robotic solutions and services to offshore energy companies and is well-positioned to gain from favorable oilfield service demand and growth in its Aerospace and Defense (ADTech) business in 2026 [8][9]

Key Takeaways PSX and KMI plan the Western Gateway Pipeline using new and existing lines to move refined fuel west.PSX and KMI closed a strong open season and will reopen sign-ups in January 2026 due to demand.KMI will reverse parts of the SFPP pipeline to deliver refined products into Los Angeles markets.Following strong interest from fuel suppliers and customers, Phillips 66 (PSX) and Kinder Morgan (KMI) plan to establish the Western Gateway Pipeline, a system that will transport refined fuel to western m ...

Core Insights - Phillips 66 (PSX) completed the acquisition of the remaining 50% interest in WRB Refining LP on October 1st, enhancing its presence in the Mid-Continent region and reducing operational risks [1]. Group 1 - The acquisition strengthens Phillips 66's position in the refining sector, particularly in the Mid-Con area [1]. - This strategic move is expected to lower operational risks associated with the company's refining operations [1].