Phillips 66 (PSX)

US — Energy Sector
Peers: MPC  VLO  E  KMI  SLB  MPLX  ET  TRP  EOG  SU 

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News

Cenovus vs. Phillips 66: Is Now the Right Time to Exit?
CVE, PSX
Published: February 26, 2026 by: Zacks Investment Research
Sentiment: Neutral

PSX's diversified model may outshine CVE as soft oil prices pressure upstream earnings and reshape energy investment appeal.

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image for news Cenovus vs. Phillips 66: Is Now the Right Time to Exit?
Reasons Why PSX's Midstream Portfolio Offsets Elevated Crude Prices
PSX
Published: February 19, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 stands to gain as the EIA predicts falling crude prices through 2027, while its expanding midstream arm generates steady, fee-based cash flows.

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image for news Reasons Why PSX's Midstream Portfolio Offsets Elevated Crude Prices
Exclusive: US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say
PSX
Published: February 18, 2026 by: Reuters
Sentiment: Positive

U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron , according to sources familiar with the efforts.

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image for news Exclusive: US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say
Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
PSX
Published: February 16, 2026 by: Zacks Investment Research
Sentiment: Neutral

Phillips 66 PSX is trading at a trailing 12-month EV/EBITDA multiple of 13.25x, which is higher than the broader industry average of 5.13x. Valero Energy Corporation VLO and Par Pacific Holdings, Inc. PARR, two other refiners, are valued at 7.87x and 5.06x, respectively.

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image for news Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?
Is Phillips 66's Refining Segment Poised for Continued Strength?
PSX
Published: February 13, 2026 by: Zacks Investment Research
Sentiment: Neutral

PSX could ride softer WTI prices as rising global inventories pressure crude, potentially boosting refining margins in 2026.

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image for news Is Phillips 66's Refining Segment Poised for Continued Strength?
Phillips 66 Announces Increase in Quarterly Dividend
PSX
Published: February 11, 2026 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock, representing a $0.07 increase.

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image for news Phillips 66 Announces Increase in Quarterly Dividend
3 Refining & Marketing Stocks Investors Should Track Closely
MPC, PSX, VLO
Published: February 10, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX, MPC and VLO stand out in the Oil and Gas - Refining & Marketing industry as volatility persists, valuations stay low, and opportunities remain.

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image for news 3 Refining & Marketing Stocks Investors Should Track Closely
Phillips 66 to cut jobs as Los Angeles refinery shuts, Bloomberg News reports
PSX
Published: February 05, 2026 by: Reuters
Sentiment: Negative

Phillips 66 will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations, Bloomberg News reported on Thursday, citing a filing with California's employment regulator.

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image for news Phillips 66 to cut jobs as Los Angeles refinery shuts, Bloomberg News reports
Phillips 66 Q4 Earnings Top Estimates on Higher Realized Refining Margins
PSX
Published: February 04, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX delivers a Q4 earnings beat as higher realized refining margins worldwide and higher midstream volumes lift results.

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image for news Phillips 66 Q4 Earnings Top Estimates on Higher Realized Refining Margins
Is there a software stock bubble? Plus, Phillips 66 CFO talks earnings, Venezuela
PSX
Published: February 04, 2026 by: Yahoo Finance
Sentiment: Neutral

On Opening Bid for February 5, 2026, Yahoo Finance Executive Editor Brian Sozzi and his panel discuss the possibility of a software stock bubble. He also speaks with Phillips 66 CFO Kevin Mitchell about the company's fourth quarter earnings and the situation in Venezuela.

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image for news Is there a software stock bubble? Plus, Phillips 66 CFO talks earnings, Venezuela
Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude, CEO says
PSX
Published: February 03, 2026 by: Reuters
Sentiment: Neutral

U.S. refiner Phillips 66 can process around 250,000 barrels per day of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday.

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image for news Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude, CEO says
Unlocking Q4 Potential of Phillips 66 (PSX): Exploring Wall Street Estimates for Key Metrics
PSX
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Phillips 66 (PSX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2025.

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image for news Unlocking Q4 Potential of Phillips 66 (PSX): Exploring Wall Street Estimates for Key Metrics
Can These 3 Energy Stocks Surpass Q4 Earnings Estimates?
NOV, PSX, PTEN
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Positive

Here is a look at what to expect from energy stocks, like NOV, PTEN and PSX, ahead of their quarterly earnings reports, set to be released tomorrow.

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image for news Can These 3 Energy Stocks Surpass Q4 Earnings Estimates?
Phillips 66's Q4 Earnings on Deck: Should You Stay Invested or Exit?
PSX
Published: February 02, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX gears up for Q4 earnings with profit seen rebounding. However, falling revenues and a premium valuation raise questions for investors.

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image for news Phillips 66's Q4 Earnings on Deck: Should You Stay Invested or Exit?
Stay Ahead of the Game With Phillips 66 (PSX) Q4 Earnings: Wall Street's Insights on Key Metrics
PSX
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for Phillips 66 (PSX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2025.

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image for news Stay Ahead of the Game With Phillips 66 (PSX) Q4 Earnings: Wall Street's Insights on Key Metrics
How Phillips 66's Integrated Model Enhances Profitability & Resilience
PSX
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX gains from lower crude prices, boosting refining margins while its diversified business model supports steady cash flow and returns.

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image for news How Phillips 66's Integrated Model Enhances Profitability & Resilience
Phillips 66 (PSX) Reports Next Week: Wall Street Expects Earnings Growth
PSX
Published: January 28, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 (PSX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Phillips 66 (PSX) Reports Next Week: Wall Street Expects Earnings Growth
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
PSX, RUN
Published: January 28, 2026 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

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image for news Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Valero Energy vs. Phillips 66: Which Refining Stock Should You Bet On?
PSX, VLO
Published: January 27, 2026 by: Zacks Investment Research
Sentiment: Positive

VLO and PSX are set to gain as softer crude prices lift refining margins. However, PSX's diversified business model and exposure beyond refining stand out.

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image for news Valero Energy vs. Phillips 66: Which Refining Stock Should You Bet On?
Phillips 66: Finally Positioned For A Refining Up-Cycle (With A Venezuela Kicker)
PSX
Published: January 27, 2026 by: Seeking Alpha
Sentiment: Positive

Phillips 66 is showing tangible improvement in its long-underperforming Refining Segment, driven by cost reductions, higher clean product yield, and record utilization rates. PSX benefits from discounted heavy crude - particularly Canadian and, now, Venezuelan - leveraging its industry-leading coking capacity for margin expansion. While Midstream and Marketing & Specialties remain steady, Chemicals continues to face challenges, limiting overall segment strength.

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image for news Phillips 66: Finally Positioned For A Refining Up-Cycle (With A Venezuela Kicker)
How PSX Is Powering the Energy Transition Toward Cleaner Fuels
PSX
Published: January 21, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 scales renewable diesel, sustainable aviation fuel and naphtha output as it diversifies into lower-carbon fuels to meet rising global demand.

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image for news How PSX Is Powering the Energy Transition Toward Cleaner Fuels
PSX & KMI Launch Second Open Season for Western Gateway Pipeline
KMI, PSX
Published: January 20, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 and Kinder Morgan launch a second open season for the Western Gateway Pipeline as strong customer demand drives interest in remaining capacity.

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image for news PSX & KMI Launch Second Open Season for Western Gateway Pipeline
How Phillips 66 Balances Refining Upside With Midstream Stability
PSX
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX pairs refining upside from soft oil prices with stable midstream cash flows, using a diversified capital strategy to reduce exposure to commodity volatility.

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image for news How Phillips 66 Balances Refining Upside With Midstream Stability
Is Phillips 66 Poised to Gain From a Favorable Refining Backdrop?
PSX
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX's refining arm benefits from strong margins, with widening light-heavy spreads and cheaper heavy crude anticipated to support higher margins.

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image for news Is Phillips 66 Poised to Gain From a Favorable Refining Backdrop?
Bessent Admits Major Oil Companies Aren't Interested In Venezuela
BKR, COP, CVX, HAL, MPC, PSX, SLB, VLO, XOM
Published: January 08, 2026 by: Forbes
Sentiment: Negative

Chevron is the only one of the three major U.S. oil companies that operates in Venezuela. ConocoPhillips and ExxonMobil exited Venezuela in 2007 after Hugo Chávez nationalized the industry.

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image for news Bessent Admits Major Oil Companies Aren't Interested In Venezuela
What Mixed Oil Inventory Signals Mean for Energy Stocks Now
OII, PSX, WTI
Published: January 08, 2026 by: Zacks Investment Research
Sentiment: Neutral

PSX, WTI and OII could benefit as oil market volatility reveals selective opportunities amid mixed inventory signals.

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image for news What Mixed Oil Inventory Signals Mean for Energy Stocks Now
PSX Expands UK Footprint With Lindsey Refinery Asset Purchase
PSX
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 agrees to buy the Lindsey Oil Refinery assets in the U.K., planning to integrate key infrastructure into its Humber operations to enhance the U.K.'s energy security.

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image for news PSX Expands UK Footprint With Lindsey Refinery Asset Purchase
Venezuela's Heavy Crude Potential: Can CVX, PSX & VLO Benefit?
CVX, PSX, VLO
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

CVX, PSX and VLO may benefit as Trump signals the possibility of U.S. access to Venezuela's heavy crude, improving prospects for producers and complex refiners.

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image for news Venezuela's Heavy Crude Potential: Can CVX, PSX & VLO Benefit?
Phillips 66 (PSX) Presents at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript
PSX
Published: January 06, 2026 by: Seeking Alpha
Sentiment: Neutral

Phillips 66 (PSX) Presents at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript

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image for news Phillips 66 (PSX) Presents at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript
Phillips 66 (PSX) Moves 7.2% Higher: Will This Strength Last?
PSX
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 (PSX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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image for news Phillips 66 (PSX) Moves 7.2% Higher: Will This Strength Last?

About Phillips 66 (PSX)

  • IPO Date 2012-04-12
  • Website https://www.phillips66.com
  • Industry Oil & Gas Refining & Marketing
  • CEO Mark E. Lashier
  • Employees 13200

Phillips 66 operates as an energy manufacturing and logistics company. 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 processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.