Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?

Key Takeaways Phillips 66 trades at 13.25x EV/EBITDA, well above the industry average of 5.13x.PSX could benefit from softer WTI prices, with EIA seeing lower oil prices through 2026.Phillips 66 allocates $1.11B each to refining and midstream, adding stability despite 38% leverage.Phillips 66 (PSX) is trading at a trailing 12-month EV/EBITDA multiple of 13.25x, which is higher than the broader industry average of 5.13x. Valero Energy Corporation (VLO) and Par Pacific Holdings, Inc. (PARR) , two other refine ...