PSX Stock Recent News

In the latest trading session, Phillips 66 (PSX) closed at $115.98, marking a +1.8% move from the previous day.

CORNELIUS, N.C.--(BUSINESS WIRE)--Cyclum NextGen Travel Centers, an innovator in zero carbon fuels and the next generation in travel centers, is proud to announce a branding agreement with Phillips 66 and its iconic 76® brand. “This agreement strengthens our mission to lead in renewable fuel innovation,” said Brian Profitt, CEO of Cyclum. “By combining Phillips 66's fuel expertise with Cyclum's vision and plan for zero carbon energy, we're building a foundation to meet the growing demand for mu.

Phillips 66's $2 billion acquisition in the Permian Basin enhances midstream portfolio, expected to generate $280 million in EBITDA with synergies. The company doubled its midstream EBITDA over 3 years, providing reliable cash flow and mitigating downstream business volatility. Strategic priorities include maintaining low costs, disciplined growth, and expanding the renewable portfolio, with $12.5 billion in shareholder distributions since July 2022.

The S&P 500 is just a few percentage points off a record high, sports a relatively expensive valuation, and is coming off back-to-back years of massive gains. But many energy stocks have inexpensive valuations and high yields, making them good buys for value and passive-income investors.

Phillips 66 (PSX) closed at $115.19 in the latest trading session, marking a +0.02% move from the prior day.

PSX states that the EPIC NGL acquisition is expected to generate attractive returns for the company and be immediately accretive to its earnings per share.

HOUSTON--(BUSINESS WIRE)--EPIC Y-Grade, LP (“EPIC Y-Grade” or “the Company”) announced that it has entered into definitive agreements with Phillips 66 (NYSE: PSX) to sell its natural gas liquids (“NGL”) business for total cash consideration of $2.20 billion, subject to customary purchase price adjustments. EPIC Y-Grade owns long haul natural gas liquids pipelines and fractionation facilities that serve both the Permian and Eagle Ford basins. “EPIC has transformed its NGL business over the past.

U.S. oil refiner Phillips 66 said on Monday it will acquire EPIC Y-Grade GP and EPIC Y-Grade in an all-cash deal for $2.2 billion.

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for total cash consideration of $2.2 billion.

Since peaking at $10.02 in August 2022, natural gas has traded in a range that has bounced between $2.25 and $3.25 since February 2023.