Phillips 66(PSX)
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Phillips 66 (PSX) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-06-21 23:20
Phillips 66 (PSX) closed at $138.09 in the latest trading session, marking a +0.09% move from the prior day. This change outpaced the S&P 500's 0.16% loss on the day. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.18%.Prior to today's trading, shares of the oil refiner had lost 2.97% over the past month. This has was narrower than the Oils-Energy sector's loss of 3.96% and lagged the S&P 500's gain of 3.15% in that time.The investment community will b ...
Phillips 66 (PSX) J.P. Morgan 2024 Energy, Power & Renewables Conference (Transcript)
2024-06-18 22:07
Phillips 66 (NYSE:PSX) J.P. Morgan 2024 Energy, Power & Renewables Conference June 18, 2024 10:55 AM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants John Royall - J.P. Morgan John Royall All right. So, why don't we get started? We're happy to introduce Mark Lashier, Chairman and CEO of Phillips 66. Mark's been in the role since July of 2022. Prior to that, most recently, Mark ran the CPChem business and started his career, I think, with Phillips Petroleum in the late ‘80s. ...
Phillips 66 (PSX) J.P. Morgan 2024 Energy, Power & Renewables Conference (Transcript)
Seeking Alpha· 2024-06-18 22:07
Phillips 66 (NYSE:PSX) J.P. Morgan 2024 Energy, Power & Renewables Conference June 18, 2024 10:55 AM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants John Royall - J.P. Morgan John Royall All right. So, why don't we get started? We're happy to introduce Mark Lashier, Chairman and CEO of Phillips 66. Mark's been in the role since July of 2022. Prior to that, most recently, Mark ran the CPChem business and started his career, I think, with Phillips Petroleum in the late ‘80s. ...
Phillips 66 (PSX) Divests Rockies Express Pipeline Stake
ZACKS· 2024-06-17 13:15
Phillips 66 (PSX) , a leading integrated energy company, has announced the sale of its 25% non-operated equity interest in Rockies Express Pipeline to a subsidiary of Tallgrass Energy, LP. Tallgrass is the operator of the Rockies Express Pipeline and owns its remaining 75% stake. The deal, valued at $1.28 billion, is part of PSX’s commitment to deliver a value of more than $3 billion from asset divestitures.The Rockies Express Pipeline is one of the largest natural gas pipelines in the United States, spanni ...
Phillips 66 Continues To Drive Strong Returns
Seeking Alpha· 2024-06-17 12:20
BD ImagesPhillips 66 (NYSE:PSX) is a multinational energy company, with a market capitalization of almost $60 billion. The company has a dividend yield of more than 3%, a yield that it can comfortably afford, as it continues to generate strong cash flow in renewables. As we'll see throughout this article, Phillips 66 is a valuable long-term investment. Phillips 66 Differentiation Phillips 66 is working to operate a high-profile business with strong and complex refineries. Phillips 66 Investor Presentat ...
Phillips 66 (PSX) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-06-13 23:57
The latest trading session saw Phillips 66 (PSX) ending at $137.67, denoting a +1.22% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.23%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq added 0.34%.Prior to today's trading, shares of the oil refiner had lost 6.98% over the past month. This has lagged the Oils-Energy sector's loss of 4.97% and the S&P 500's gain of 3.96% in that time.The investment community will be closely monitoring the performance of Phil ...
Phillips 66 (PSX) Launches Open Season for Blue Line System
ZACKS· 2024-06-10 13:20
Phillips 66 (PSX) , a leading energy company, has announced that its subsidiary, Phillips 66 Pipeline, LLC, is initiating a binding open season to solicit shipper commitments for services on its Blue Line System. This pipeline transports propane and butane from Wichita, KS, to Jefferson City, MO, and East St. Louis, IL.The Blue Line System, a common carrier liquids product pipeline, is set to offer long-term liquified petroleum gas (LPG) transportation services under binding agreements. This open season off ...
Investors Heavily Search Phillips 66 (PSX): Here is What You Need to Know
zacks.com· 2024-05-22 14:00
Phillips 66 (PSX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil refiner have returned -9.3%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Phillips 66 falls in, has lost 1.9%. The key question now is: What could be the stock's future direction?While med ...
Phillips 66 (PSX) Acquires Lucrative Midland Basin Assets
zacks.com· 2024-05-21 18:30
Diversified downstream operator, Phillips 66 (PSX) has entered into an agreement to acquire Pinnacle Midland in an all-cash deal worth $550 million. Pinnacle Midland is a midstream energy company owned by a private equity firm, Energy Spectrum Capital. Pinnacle Midland’s assets in the Midland Basin will complement and expand PSX’s processing capabilities in one of the most prolific oil and natural gas regions in the United States.Notably, the Dos Picos natural gas complex, owned by Pinnacle Midland, has a p ...
Here is What to Know Beyond Why Phillips 66 (PSX) is a Trending Stock
Zacks Investment Research· 2024-05-01 14:01
Phillips 66 (PSX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this oil refiner have returned -15.5%, compared to the Zacks S&P 500 composite's -4.1% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Phillips 66 falls in, has lost 3.8%. The key question now is: What could be the stock's futu ...