PSX - Phillips 66
Valero Energy, Marathon Petroleum, and Phillips 66 are three of the largest refining companies in the U.S. market. All three refiners reported impressive year-over-year earnings improvements in the first quarter of 2026.
Does Phillips 66 (PSX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Phillips 66 (PSX) shares rise after announcing the Zeus Gas Plant and a new Coastal Bend fractionator to expand Permian gas capacity.
Refiner Phillips 66 said on Monday it would move ahead with the Zeus Gas Plant in the Permian Basin and a third Coastal Bend Fractionator in Texas, expanding its network to capture growing volumes of gas and natural gas liquids from the top U.S. shale field.
HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced it is moving forward with the Zeus Gas Plant and a third Coastal Bend Fractionator.
Phillips 66 is rated Buy, with all business segments generating strong profits and benefiting from a favorable refining upcycle. PSX's operational improvements, supply rationalizations, and global inventory depletion position it for higher and more sustainable cash generation than previous cycles. Despite recent debt accumulation from commodity volatility, PSX expects normalization and plans to retire $8B in debt, targeting $17B net debt by 2027.
Phillips 66 (NYSE: PSX) today announced that the Board of Directors has appointed Greg Hayes to serve as lead independent director, effective immediately. â
HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced that the Board of Directors has appointed Greg Hayes to serve as lead independent director, effective immediately.
Phillips 66 (PSX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PSX broke through the 50-day moving average, which suggests a short-term bullish trend.
Phillips 66 is well-positioned for a significant windfall from elevated crack spreads driven by global supply disruptions and the Iran War. Refining margins surged to $10.11/barrel, with spreads near $60, potentially delivering $7B+ cumulative windfall through 2027, or ~$20/share. Operational improvements and cost reductions, alongside a 50% capital return policy, support robust shareholder returns and accelerated debt reduction.
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Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing industry, we advise buying three stocks: VLO, PSX and DINO.
Today's energy backdrop has parallels to the late stages of 2022, where refining margins, not oil prices, became the key performance driver. High-quality companies in the Oil and Gas Refining and Marketing industry may be best positioned to capitalize on higher gas and diesel prices, translating macro pressures into profits. From large-scale operators to niche regional players, the common thread tying them together is the ability to monetize tighter refining capacity and resilient market demand.
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HOUSTON--(BUSINESS WIRE)--Phillips 66 will host its 2026 Annual Meeting of Shareholders on Wednesday, May 13 at 8 a.m. CT.
Here is how Phillips 66 (PSX) and ProFrac Holding Corp. (ACDC) have performed compared to their sector so far this year.
BTSG, MPC and PSX made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 1, 2026.
The Marketplace Morning Report segment titled “Chipping away at Nvidia's chip dominance” carried a market call that pulled focus from semiconductors to crude.
Reported Earnings: $207 million or $0.51 per share.Adjusted Earnings: $200 million or $0.49 per share.Mark-to-Market Losses: $839 million related to short deri
Phillips 66 (PSX) Q1 2026 Earnings Call Transcript