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Phillips 66 is a diversified energy company with strong Midstream and NGL growth, offering a compelling long-term investment case regardless of potential breakup. Activist Elliott Management is pushing for structural changes, but I see a full breakup as unlikely. Cost cuts and share repurchases are more probable outcomes. Phillips 66 boasts a robust 3.6% yield, fastest profit growth among peers, and trades at a discount, supporting my buy rating and $153 intrinsic value target.
HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has declared a quarterly dividend of $1.20 per share on Phillips 66 common stock.
In the closing of the recent trading day, Phillips 66 (PSX) stood at $130, denoting a +2.85% move from the preceding trading day.
In the most recent trading session, Phillips 66 (PSX) closed at $126.46, indicating a +2.69% shift from the previous trading day.
PSX is set to produce CARB gasoline at its Ferndale refinery to offset supply loss from its Los Angeles plant closure.
Phillips 66 (NYSE:PSX ) J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference June 24, 2025 10:55 AM ET Company Participants Mark E.
Phillips 66 (PSX) closed the most recent trading day at $119.46, moving 1.3% from the previous trading session.
HOUSTON--(BUSINESS WIRE)--Phillips 66 released its 2025 Sustainability and People Report today.
The S&P 500 (SNPINDEX: ^GSPC) has staged an epic recovery and is now positive year to date as investors look past ongoing macro challenges and focus on long-term growth.
In the closing of the recent trading day, Phillips 66 (PSX) stood at $120.95, denoting a +1.9% move from the preceding trading day.