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 ...

Company Overview - PBF Energy Inc. (NYSE:PBF) is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States [2]. Recent Stock Performance - The share price of PBF Energy fell by 16.19% between December 10 and December 17, 2025, making it one of the Energy Stocks that lost the most during that week [1]. Analyst Ratings and Price Targets - On December 8, Wolfe Research analyst Doug Leggate downgraded PBF Energy from 'Peer Perform' to 'Underperform', setting a price target of $23 due to a tactical underweight in the US refining sector and declining West Coast margins [3]. - Conversely, on December 12, Mizuho analyst Nitin Kumar upgraded the stock from 'Underperform' to 'Neutral', raising the price target from $31 to $38, indicating an upside potential of almost 43% from the current share price at that time [5]. Industry Challenges - The broader US refining sector is expected to face headwinds, including lower distillate cracks due to robust European inventories and potential risks associated with a Ukraine-Russia peace deal, which could lead to lower global crude prices [4].