Phillips 66 (PSX)
| Market Cap | 59.55B |
| Revenue (ttm) | 151.24B |
| Net Income (ttm) | 5.80B |
| Shares Out | 423.95M |
| EPS (ttm) | 13.03 |
| PE Ratio | 10.78 |
| Forward PE | 11.28 |
| Dividend | $4.60 (3.28%) |
| Ex-Dividend Date | May 17, 2024 |
| Volume | 2,178,638 |
| Open | 141.78 |
| Previous Close | 140.93 |
| Day's Range | 139.82 - 143.04 |
| 52-Week Range | 94.52 - 174.08 |
| Beta | 1.36 |
| Analysts | Buy |
| Price Target | 159.15 (+13.3%) |
| Earnings Date | Jul 30, 2024 |
About PSX
Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based pro... [Read more]
Financial Performance
In 2023, Phillips 66's revenue was $149.89 billion, a decrease of -14.69% compared to the previous year's $175.70 billion. Earnings were $7.02 billion, a decrease of -36.37%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for PSX stock is "Buy." The 12-month stock price forecast is $159.15, which is an increase of 13.30% from the latest price.
News
Phillips 66 Achieves Full Production Rates of Renewable Fuel
HOUSTON--(BUSINESS WIRE)--Phillips 66 announced the full conversion of the Rodeo Renewable Energy Complex, positioning the company as a leader in renewable fuels.
Phillips 66 releases 2024 Sustainability and People Report
HOUSTON--(BUSINESS WIRE)--Phillips 66 released its 2024 Sustainability & People Report, demonstrating its approach to helping supply the world's growing energy needs.
Phillips 66 to sell 25% stake in Rockies Pipeline for $1.28 bln
U.S. oil refiner Phillips 66 said on Friday it would sell its 25% stake in the Rockies Express Pipeline (REX) for about $1.28 billion, including debt, to a subsidiary of Tallgrass Energy.
Phillips 66 Announces Sale of 25% Equity Interest in Rockies Express Pipeline to Tallgrass Energy Subsidiary
HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 is selling its 25% non-operated interest in Rockies Express Pipeline LLC to a subsidiary of Tallgrass Energy, LP for $1.275 billion.
Phillips 66 to Announce Second-Quarter Financial Results
HOUSTON--(BUSINESS WIRE)--Phillips 66 management will host a webcast at noon ET on Tuesday, July 30, 2024, to discuss the company's second-quarter 2024 financial results.
Phillips 66 Deploys Asset Base 'Near Historical Highs' To Meet Peak Summer Demand: Analyst
Phillips 66 PSX announced a binding open season for shipper commitments for services on its Blue Line System.
Phillips 66 Launches Open Season for Blue Line System
Phillips 66, a leading energy company, has announced that its subsidiary, Phillips 66 Pipeline, LLC, is initiating a binding open season to solicit shipper commitments for services on its Blue Line Sy...
Phillips 66 Announces Open Season on the Blue Line System
HOUSTON--(BUSINESS WIRE)--Phillips 66 is launching a binding open season to solicit commitments for services from Kansas to Missouri and Illinois on its Blue Line System.
Phillips 66 to Speak at the J.P. Morgan 2024 Energy, Power & Renewables Conference
HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 Chairman and CEO Mark Lashier will participate in the J.P. Morgan 2024 Energy, Power & Renewables Conference on June 18.
Phillips 66 to buy PE-owned Pinnacle Midland for $550 mln
Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner's natural gas g...
Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital
HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 will acquire Pinnacle Midstream for $550 million, expanding its natural gas gathering and processing footprint in the Midland Basin.
US refiners reward shareholders with big returns despite softer Q1 profits
Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization ra...
The Investment Committee's win streaks
The Investment Committee discusses their stocks on winning streaks and how to trade them from here.
Phillips 66 to Host Annual Meeting of Shareholders
HOUSTON--(BUSINESS WIRE)--Phillips 66 will host its 2024 Annual Meeting of Shareholders on Wednesday, May 15 at 9 a.m. CT in a virtual-only format via audio webcast.
Phillips 66's Refining Margins Sink, Dragging Down Profits
Phillips 66 (PSX) shares dropped in intraday trading Friday after the energy producer's quarterly profit fell as refining margins thinned.
Phillips 66 misses first-quarter profit estimates on weak margins
Refiner Phillips 66 missed quarterly profit estimates on Friday, hurt by a slump in refining margins following a decline in fuel prices.
Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress
HOUSTON--(BUSINESS WIRE)--Phillips 66, a leading diversified and integrated downstream energy company, announced first-quarter earnings of $748 million.
Big oil earnings: Three things to watch for as ExxonMobil, Chevron and Phillips 66 report financial results today
Today, big oil is firmly in the spotlight, with ExxonMobil, Chevron, TotalEnergies, Phillips 66 and Imperial Oil all reporting their latest earnings within hours of each other. It may well make for in...
Should You Pick Valero Energy Or Phillips 66 Stock After Each Rose Over 25% This Year?
After the year-to-date move of over 25% each, we believe that the energy stocks Phillips 66 (NYSE: PSX) and Valero Energy (NYSE: VLO) are fully valued. PSX trades at a marginally higher valuation of 0...
Josh Brown's energy strategy
Josh Brown, Ritholtz Wealth Management CEO, joins CNBC's 'Halftime Report' to describe his latest strategy in the energy sector.
Phillips 66 Announces Increase in Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase.
Phillips 66® Teams Up with KC Parks and Rec to Fuel Homegrown Talent
Collaboration Aims to Fuel the Next Generation of Big 12 Athletes through Safer Sports Access KANSAS CITY, Mo. , April 2, 2024 /PRNewswire/ -- Phillips 66® is proud to announce that they will be contr...
Two injured in a fire at Borger, Texas complex, Phillips 66 says
U.S. oil refiner Phillips 66 on Monday said two employees were injured in a fire that occurred at the Borger, Texas complex at approximately 11:20 a.m. local time.
Phillips 66 Announces Major Milestone in Production of Renewable Diesel
HOUSTON--(BUSINESS WIRE)--Phillips 66 announced a milestone in the conversion of its San Francisco refinery, expanding production of renewable diesel.
Phillips 66 explores sale of REX interstate pipeline stake worth over $1 billion, sources say
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter sai...