PSX Stock Recent News

PSX is set to shut down its LA refinery by late 2025, a phased closure set to disrupt fuel supply and reshape California's energy landscape.

The Investment Committee give you their top stocks to watch for the second half.

MELBOURNE, Australia and NEW YORK, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL) (“Incannex” or the “Company”) is pleased to report positive data from its Phase 2 clinical trial of PSX-001 (formerly Psi-GAD), a psilocybin-assisted psychotherapy treatment for Generalised Anxiety Disorder (GAD). The results confirm statistically significant and clinically meaningful improvements across every key endpoint assessed in the study, reinforcing PSX-001's potential as a best-in-class therapy for patients with moderate to severe GAD.

Refiners like Marathon Petroleum, Phillips 66, Galp Energia and Par Pacific are balancing fossil fuel strength with low-carbon growth opportunities.

PSX has reduced gasoline output at its Bayway refinery after a fire disrupted operations at a key unit.

Phillips 66 remains a strong investment after weathering a challenge from Elliot Management, which I advised investors to disregard. The company's focus on its complex and diversified asset portfolio underpins its resilience and growth potential. Phillips 66's strategic priorities and operational discipline continue to drive shareholder value.

Elliott's board involvement and recent asset sales signal a constructive shift toward focus and efficiency, supporting my continued buy rating on PSX. Operational improvements are evident: Q2 refining margins rebounded, utilization hit a six-year high, and cost per barrel dropped to a four-year low. Midstream growth and secure 4% dividend yield provide stability, but deleveraging remains a priority as debt exceeds management's target.

Phillips 66 has reduced gasoline output at its 258,000 barrel-per-day Bayway refinery in Linden, New Jersey after a fire near the plant's gasoline producing unit, two people familiar with the matter said on Thursday.

U.S. refiner Phillips 66 was ordered to pay biofuel maker Propel Fuels $800 million in damages for stealing trade secrets to build up its renewable-fuel capabilities, according to a California state court document.

Joe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to detail his latest portfolio moves.