Phillips 66 (PSX) Acquires Lucrative Midland Basin Assets
Phillips 66 (PSX) aims to increase its natural gas processing footprint in the Midland Basin through its acquisition of Pinnacle Midland from a private equity firm, Energy Spectrum Capital.
Phillips 66 to buy PE-owned Pinnacle Midland for $550 mln
Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner's natural ga...
Why Retain Strategy is Apt for Phillips 66 (PSX) Stock Now
Phillips 66 (PSX) focuses more on businesses like midstream, renewables and chemicals. This makes the company's business model more stable.
Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y
Lower refining margins worldwide and increased expenses hurt Phillips 66's (PSX) earnings in Q1.
Phillips 66's Refining Margins Sink, Dragging Down Profits
Phillips 66 (PSX) shares dropped in intraday trading Friday after the energy producer's quarterly profit fell as refining margins thinned.
Phillips 66 (PSX) Q1 Earnings Miss Estimates
Phillips 66 (PSX) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $4.21 per share a year ago.
Wall Street Analysts See Phillips 66 (PSX) as a Buy: Should You Invest?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm empl...
Phillips 66 (PSX) Gears Up for Q1 Earnings: What's in Store?
Phillips 66's (PSX) first-quarter earnings are likely to have been negatively impacted by a weak performance in its refining segment.
Phillips 66 (PSX) Advances While Market Declines: Some Information for Investors
The latest trading day saw Phillips 66 (PSX) settling at $154.71, representing a +0.91% change from its previous close.
Earnings Preview: Phillips 66 (PSX) Q1 Earnings Expected to Decline
Phillips 66 (PSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here's Why Phillips 66 (PSX) Gained But Lagged the Market Today
The latest trading day saw Phillips 66 (PSX) settling at $165.41, representing a +0.15% change from its previous close.
Should You Pick Valero Energy Or Phillips 66 Stock After Each Rose Over 25% This Year?
After the year-to-date move of over 25% each, we believe that the energy stocks Phillips 66 (NYSE: PSX) and Valero Energy (NYSE: VLO) are fully valued. PSX trades at a marginally higher valuation o...
Why Phillips 66 Rallied in March
Phillips 66's CEO said in an interview last month that activist shareholder Elliott Management agrees with its strategic plans. The 3-2-1 crack spread continued to move higher for refiners amid geo...
Phillips 66 (PSX) Ascends But Remains Behind Market: Some Facts to Note
Phillips 66 (PSX) closed the most recent trading day at $170.75, moving +0.04% from the previous trading session.
Phillips 66 (PSX) Rewards Investors With a Dividend Hike
Phillips 66 (PSX) has a target of returning $13 billion to $15 billion to investors via dividend and share repurchases from July 2022 to 2024.
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