Is Phillips 66 Poised to Gain From a Favorable Refining Backdrop?

Key Takeaways Phillips 66's refining segment posted strong gains in 2025, supported by robust refining margins.PSX's refineries can run heavy sour crude like WCS, expected to get cheaper in the coming quarters.More Canadian supply and possible Venezuelan crude may pressure heavy prices, supporting Phillips 66.Phillips 66 (PSX) is a diversified energy company with operations spanning multiple sectors, including refining, midstream, chemicals, renewable fuels and marketing. PSX’s refining segment has reported ...