Phillips 66 (PSX)

NYSE: PSX · IEX Real-Time Price · USD
138.55
+0.46 (0.33%)
At close: Jun 24, 2024, 4:00 PM
138.04
-0.51 (-0.37%)
After-hours: Jun 24, 2024, 5:44 PM EDT
0.33%
Market Cap 58.74B
Revenue (ttm) 151.24B
Net Income (ttm) 5.80B
Shares Out 423.95M
EPS (ttm) 13.03
PE Ratio 10.63
Forward PE 10.55
Dividend $4.60 (3.32%)
Ex-Dividend Date May 17, 2024
Volume 1,420,847
Open 137.03
Previous Close 138.09
Day's Range 137.02 - 139.60
52-Week Range 90.87 - 174.08
Beta 1.36
Analysts Buy
Price Target 159.92 (+15.42%)
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]

Sector Energy
IPO Date May 1, 2012
Employees 14,000
Stock Exchange NYSE
Ticker Symbol PSX
Full Company Profile

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 Statements

Analyst Forecast

According to 13 analysts, the average rating for PSX stock is "Buy." The 12-month stock price forecast is $159.92, which is an increase of 15.42% from the latest price.

Price Target
$159.92
(15.42% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

4 days ago - Business Wire

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.

10 days ago - Reuters

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.

10 days ago - Business Wire

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.

12 days ago - Business Wire

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.

13 days ago - Benzinga

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...

14 days ago - Benzinga

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.

17 days ago - Business Wire

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.

20 days ago - Business Wire

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...

5 weeks ago - Reuters

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.

5 weeks ago - Business Wire

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...

Other symbols: MPCVLO
5 weeks ago - Reuters

The Investment Committee's win streaks

The Investment Committee discusses their stocks on winning streaks and how to trade them from here.

Other symbols: ADMIFRATUNH
6 weeks ago - CNBC Television

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.

7 weeks ago - Business Wire

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.

2 months ago - Investopedia

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.

2 months ago - Reuters

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.

2 months ago - Business Wire

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...

Other symbols: CVXXOM
2 months ago - Invezz

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...

Other symbols: VLO
2 months ago - Forbes

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.

Other symbols: COPFANGIEOMPCXLE
2 months ago - CNBC Television

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.

2 months ago - Business Wire

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...

2 months ago - PRNewsWire

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.

3 months ago - Reuters

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.

3 months ago - Business Wire

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...

3 months ago - Reuters

Phillips 66 to Announce First-Quarter Financial Results

HOUSTON--(BUSINESS WIRE)--Phillips 66 management will host a webcast at noon ET on Friday, April 26, 2024, to discuss the company's first-quarter 2024 financial results.

3 months ago - Business Wire