Phillips 66 (PSX)
| Market Cap | 62.63B |
| Revenue (ttm) | 151.24B |
| Net Income (ttm) | 5.80B |
| Shares Out | 423.95M |
| EPS (ttm) | 13.03 |
| PE Ratio | 11.34 |
| Forward PE | 9.95 |
| Dividend | $4.60 (3.11%) |
| Ex-Dividend Date | May 17, 2024 |
| Volume | 2,161,847 |
| Open | 146.97 |
| Previous Close | 146.94 |
| Day's Range | 146.97 - 149.23 |
| 52-Week Range | 89.74 - 174.08 |
| Beta | 1.40 |
| Analysts | Buy |
| Price Target | 157.43 (+6.57%) |
| Earnings Date | Apr 26, 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 14 analysts, the average rating for PSX stock is "Buy." The 12-month stock price forecast is $157.43, which is an increase of 6.57% from the latest price.
News
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...
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.
Trade Alert: Bill Baruch sells Arm Holdings, buys Phillips 66 and buys more Southern Copper
Bill Baruch, Blue Line Capital founder, joins CNBC's 'Halftime Report' to detail his latest portfolio moves.
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Phillips 66 to Speak at BofA Securities Refining Conference 2024
HOUSTON--(BUSINESS WIRE)--Richard Harbison, Refining EVP at Phillips 66, and Jeff Dietert, Investor Relations VP, will participate at the BofA Securities Refining Conference.
Phillips 66 Names Elliott-Backed Director to Board
Oil refiner Phillips 66 named former Cenovus executive Robert W. Pease to its board, succumbing to pressure from activist investor Elliott Investment Management.
Phillips 66 appoints new director with Elliott's approval
Refiner Phillips 66 said on Tuesday it has appointed energy industry veteran Robert Pease to its board after a tussle with activist investor Elliott Investment Management over a board revamp.
Phillips 66 Appoints Robert W. Pease to Board of Directors
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Phillips 66 has appointed Robert W. Pease to serve on the board, effective immediately.
Phillips 66 & Chevron Alum Kimberly Ruth Named VP of Business Development and Supply at MercFuel
HOUSTON--(BUSINESS WIRE)--MercFuel, a Mercury Aviation LLC division that provides aviation fuels to the commercial aviation, general aviation, and business jet industries, today announced the hiring o...
Phillips 66 reports fire at its Billings, Montana, refinery
Phillips 66 said on Friday that there was a fire at its 60,000-barrel-per-day Billings, Montana, refinery which resulted in visible smoke.
US oil refiners beat Wall Street bets, expect demand to grow in 2024
Major U.S. fuelmakers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks ...
Phillips 66 Announces Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock.
Refiner Phillips 66 beats quarterly profit estimates
Refiner Phillips 66 beat quarterly profit estimates on Wednesday, helped by sustained demand amid a fall in fuel prices.
Phillips 66 Delivers Strong 4Q 2023 Results, Advances Strategic Priorities
HOUSTON--(BUSINESS WIRE)--Phillips 66, a leading diversified and integrated downstream energy company, announced fourth-quarter earnings of $1.3 billion.