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The Latest Breaking News from Phillips 66

What You Need To Know Ahead of Phillips 66's Earnings Release

Phillips 66 is gearing up to release its third-quarter results later this month, and analysts are expecting a single-digit rise in earnings.

Barchart

California’s ‘impossible’ dream of ending fossil fuels isn’t working, and now it’s looking at price spikes and shortages

A planned shutdown of Valero's massive refinery near San Francisco in the spring would really put the pinch on motorists.

Fortune

Jim Cramer: This Is The Right Time To Buy This Energy Stock

On CNBC's “Mad Money Lightning Round,” Jim Cramer said this is the right time to buy Phillips 66 (NYSE:PSX).

Benzinga

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Phillips 66 To Acquire Cenovus Stake In WRB Refining For $1.4 Billion Cash Deal

Phillips 66 (NYSE:PSX) announced on Tuesday that it will acquire the remaining 50% stake in WRB Refining LP from Cenovus Energy Inc. (NYSE:CVE) for $1.4 billion in cash, giving it full ownership of two U.S. refineries it has operated since 2007.

Benzinga

Is Phillips 66 Stock Underperforming the S&P 500?

Despite Phillips 66’s underperformance relative to the S&P 500 Index over the past year, analysts are moderately optimistic about the stock’s prospects.

Barchart

Apple, FTAI Aviation, Coeur Mining And An Energy Stock: CNBC's 'Final Trades'

Investors are navigating a complex landscape as technology and commodities drive divergent market narratives. While tech giants continue to capture attention with product innovations and strategic moves, the resource sector is seeing renewed interest amid fluctuating economic conditions.

Benzinga

There’s a ‘Lake’ of Oil Under L.A.’s Soon-to-Close Refinery. Who’s Going to Clean It Up?

Climate policies could lead to future refinery closures as Californians transition to electric vehicles.

Capital & Main

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Hedge Fund Elliott Management's Q2 Moves Include Positions Tied To S&P 500, Nasdaq, Nvidia (CORRECTED)

Editor's Note: This article has been updated to clarify language around options holdings

Benzinga

What Are Wall Street Analysts’ Target Price for Phillips 66 Stock?

Phillips 66 stock has significantly underperformed the broader market over the past year, but analysts seem to be moderately bullish about its prospects.

Barchart

Wynn Resorts, Taiwan Semiconductor And An Energy Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, named Wynn Resorts, Limited (NASDAQ:WYNN) for successively higher highs this year. The stock is 1% away from its 52-week high and is then expected to break out from there, he added.

Benzinga

Gold Falls Over 1%; Phillips 66 Posts Upbeat Earnings

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 0.2% on Friday.

Benzinga

Phillips 66 Charts Confident Path Toward 2027 Targets With Q2 Momentum

Phillips 66 (NYSE:PSX) delivered a strong second-quarter performance, surpassing Wall Street’s earnings and revenue forecasts. The integrated energy company reported adjusted earnings of $973 million, or $2.38 per share, comfortably topping the consensus estimate of $1.69 per share.

Benzinga

Intel, Phillips 66 And 3 Stocks To Watch Heading Into Friday

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:

Benzinga

How To Earn $500 A Month From Phillips 66 Stock Ahead Of Q2 Earnings

Phillips 66 (NYSE:PSX) will release earnings results for the second quarter before the opening bell on Friday, July 25.

Benzinga

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Benzinga

This Phillips 66 Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Barchart

What to Expect From Phillips 66's Next Quarterly Earnings Report

Phillips 66 is set to release its second-quarter results later this month, and analysts predict a double-digit dip in the company’s bottom-line figure.

Fortune

At Hewlett Packard Enterprise, CEO Antonio Neri is negotiating with an activist investor with a history of forcing out chief executives

Sources who talked to Fortune pointed to several clues, hiding in plain sight, about what Elliott potentially wants from HPE.

The Guardian - US

US woman brings first-ever wrongful death lawsuit against big oil

Misti Leon argues fossil fuel companies’ climate negligence caused her mother’s death during a heatwave

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news in one place.

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Fortune

Phillips 66 and Elliott’s proxy battle ends in split vote over fight to break up energy giant

Activist Elliott Investment Management successfully gained a foothold on the Phillips 66 board despite split voting results.

Fortune

Phillips 66 sells Euro businesses ahead of Elliott proxy fight vote

Phillips 66 is making divestments ahead of its proxy fight vote as Elliott aims to break the refining giant into parts.

Barchart

Phillips 66 Stock: Is Wall Street Bullish or Bearish?

Phillips 66 has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.

Capital & Main

Push to Make Big Oil Pay for Climate Damage Losing Steam in California Legislature

After climate-driven L.A. fires, “rancid” politics and fear of job loss, gas prices, slows momentum to confront industry.

Fortune

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

Barchart

Is Phillips 66 Stock Too Cheap Given Its Recent Dividend Hike and 4.5% Yield?

Phillips 66 recently hiked its dividend 4.3%, despite lower earnings and cash flow. PSX stock now looks cheap with its 4.5%+ annual dividend yield, well over its historical average. Out-of-the-money short-put plays one month out yield 2.4%.

Barchart

What to Expect From Phillips 66's Q1 2025 Earnings Report

Phillips 66 is all set to release its fiscal first-quarter earnings later this month, and analysts project a high double-digit profit decline.

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