Phillips 66: The Trajectory Is Improving

Core Viewpoint - Phillips 66 has underperformed in the stock market over the past year due to challenges in its refining cycle and difficulties in its chemicals unit, resulting in a significant decline in share value [1]. Company Performance - Shares of Phillips 66 are down significantly over the past year, indicating poor performance in the market [1]. Industry Challenges - The company is facing a difficult refining cycle, which has negatively impacted its operations and financial performance [1]. - Challenges in the chemicals unit have also contributed to the overall decline in share value [1].