Phillips 66 (PSX) is a multinational company in the energy sector, operating primarily in the Oil & Gas Refining and Marketing industry. Headquartered in Houston, Texas, it was formed in 2012 when ConocoPhillips spun off its downstream operations. The company is involved in refining crude oil (CLU25), transporting and marketing natural gas liquids (NGLs), petrochemicals, and fuel products, and it co-owns the Chevron Phillips Chemical joint venture. Phillips 66’s market cap stands at approximately $48.5 billion.
Phillips 66 has surged by 5.4% on a year-to-date (YTD) basis, slightly trailing the broader benchmark S&P 500 Index’s ($SPX) growth of around 9.6%. Over the past 52 weeks, PSX has declined 11.7%, versus SPX’s returns of 20.6%.
