Phillips 66 (PSX)

US — Energy Sector
Peers: MPC  DINO  PBF  SUN  VLO  CVI  DK  DKL  CAPL 

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Key Metrics & Ratings

  • symbol PSX
  • Rev/Share 336.6302
  • Book/Share 69.2919
  • PB 1.7026
  • Debt/Equity 0.6894
  • CurrentRatio 1.2282
  • ROIC 0.0075

 

  • MktCap 46235950760.0
  • FreeCF/Share 7.2339
  • PFCF 15.6203
  • PE 25.0183
  • Debt/Assets 0.2617
  • DivYield 0.041
  • ROE 0.0658

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 5
  • P/B Score 2
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Reiterated PSX TD Cowen -- Buy $114 $120 May 13, 2025
Reiterated PSX TD Cowen -- Buy $127 $114 April 28, 2025
Downgrade PSX Goldman Buy Neutral -- $132 March 27, 2025
Upgrade PSX Wolfe Research Peer Perform Outperform -- $143 Jan. 3, 2025
Resumed PSX BofA Securities -- Buy -- $156 Oct. 17, 2024
Reiterated PSX TD Cowen -- Buy $162 $150 Sept. 11, 2024

News

4 Refining & Marketing Stocks to Watch as Margins Stay Tight
GLPEY, MPC, PSX, VLO
Published: May 30, 2025 by: Zacks Investment Research
Sentiment: Neutral

MPC, VLO, PSX and GLPEY stand out as stocks worth holding amid weak margins and headwinds in the Oil and Gas - Refining & Marketing industry.

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image for news 4 Refining & Marketing Stocks to Watch as Margins Stay Tight
Phillips 66's Los Angeles refinery layoffs to begin in December, sources say
PSX
Published: May 22, 2025 by: Reuters
Sentiment: Negative

Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December, sources familiar with the matter said on Thursday.

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image for news Phillips 66's Los Angeles refinery layoffs to begin in December, sources say
Phillips 66 Updates Preliminary Results on Election of Directors
PSX
Published: May 21, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 today updated the preliminary results for the election of directors at its annual meeting of shareholders held on May 21, 2025.

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image for news Phillips 66 Updates Preliminary Results on Election of Directors
Phillips 66 and Activist Elliott Set to Split Heated Boardroom Battle
PSX
Published: May 21, 2025 by: WSJ
Sentiment: Neutral

Elliott had been pushing for four new board seats on the oil refiner's board.

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image for news Phillips 66 and Activist Elliott Set to Split Heated Boardroom Battle
Elliott Announces Shareholders Vote for Change at Phillips 66
PSX
Published: May 21, 2025 by: PRNewsWire
Sentiment: Neutral

Vote Outcome Represents Clear Mandate from Shareholders Newly Elected Directors Sigmund Cornelius and Michael Heim Will Work Constructively with Their Fellow Directors to Help Unlock the Company's Full Value-Creation Potential WEST PALM BEACH, Fla. , May 21, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Announces Shareholders Vote for Change at Phillips 66
Phillips 66 and Activist Elliott Set to Split Heated Boardroom Battle
PSX
Published: May 21, 2025 by: WSJ
Sentiment: Negative

Elliott had been pushing for four new board seats on oil refiner's board.

Read More
image for news Phillips 66 and Activist Elliott Set to Split Heated Boardroom Battle
Activist Elliott poised to win two board seats at Phillips 66, source says
PSX
Published: May 21, 2025 by: Reuters
Sentiment: Positive

Activist hedge fund Elliott Investment Management has won enough support from Phillips 66 shareholders to secure two board seats on the U.S. oil refiner's board of directors in one of the country's biggest corporate fights this year, a source familiar with the preliminary vote said on Wednesday.

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image for news Activist Elliott poised to win two board seats at Phillips 66, source says
Phillips 66 Issues Letter to Shareholders
PSX
Published: May 19, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 today sent a letter to shareholders highlighting the key issues on the ballot at its Annual Meeting on May 21.

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image for news Phillips 66 Issues Letter to Shareholders
Paul Singer's $2 Billion Energy Power Play: Phillips 66, Suncor Among Elliott's Top Holdings
PSX, SU
Published: May 16, 2025 by: Benzinga
Sentiment: Positive

Paul Singer isn't tiptoeing into the energy sector, he's charging in at full throttle.

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image for news Paul Singer's $2 Billion Energy Power Play: Phillips 66, Suncor Among Elliott's Top Holdings
Phillips 66 to Divest Majority Stake in European Fuel Retail Unit
PSX
Published: May 16, 2025 by: Zacks Investment Research
Sentiment: Neutral

PSX is divesting a 65% stake in its Germany and Austria retail business, valued at $2.8 billion, as part of its strategy to streamline the portfolio and focus on core refining and midstream assets.

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image for news Phillips 66 to Divest Majority Stake in European Fuel Retail Unit
Phillips 66 trims portfolio with German and Austria retail sale amid Elliott pressure
PSX
Published: May 15, 2025 by: Reuters
Sentiment: Neutral

Phillips 66 said on Thursday it will sell a 65% stake in its German and Austrian fuel retail business to a private equity-led consortium, valuing the unit at $2.8 billion, as the U.S. refiner streamlines its portfolio under pressure from activist investor Elliott Investment Management.

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image for news Phillips 66 trims portfolio with German and Austria retail sale amid Elliott pressure
Stonepeak and Energy Equation Partners to Acquire Majority Interest in JET from Phillips 66
PSX
Published: May 15, 2025 by: Business Wire
Sentiment: Neutral

LONDON & HOUSTON--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Energy Equation Partners (“EEP”), a newly formed investment firm with significant expertise in fuel retail, today announced an agreement to acquire a majority interest in JET Tankstellen Deutschland GmbH (“JET”), a leading fuel retailer in Germany and Austria, from a subsidiary of Phillips 66 (NYSE: PSX), in a transaction valuing the business at an enterprise v.

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image for news Stonepeak and Energy Equation Partners to Acquire Majority Interest in JET from Phillips 66
Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business
PSX
Published: May 15, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business.

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image for news Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business
Faber Report: ISS backs Elliott in Phillips 66 fight
PSX
Published: May 13, 2025 by: CNBC Television
Sentiment: Negative

David Faber discusses the latest details on Elliott's proxy fight with Phillips 66.

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image for news Faber Report: ISS backs Elliott in Phillips 66 fight
Elliott Wins Backing from Proxy Advisers in Phillips 66 Boardroom Battle
PSX
Published: May 13, 2025 by: WSJ
Sentiment: Positive

The activist investor won support from influential proxy advisory firm ISS.

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image for news Elliott Wins Backing from Proxy Advisers in Phillips 66 Boardroom Battle
Phillips 66 Issues Statement Following Glass Lewis and ISS Reports
PSX
Published: May 13, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced that it strongly disagrees with the recommendations issued by Institutional Shareholder Services and Glass Lewis & Co.

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image for news Phillips 66 Issues Statement Following Glass Lewis and ISS Reports
Phillips 66 Issues Statement Following Glass Lewis and ISS Reports
PSX
Published: May 13, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced that it strongly disagrees with the recommendations issued by Institutional Shareholder Services and Glass Lewis & Co.

Read More
image for news Phillips 66 Issues Statement Following Glass Lewis and ISS Reports
Phillips 66 to Host Annual Meeting of Shareholders
PSX
Published: May 12, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 will host its 2025 Annual Meeting of Shareholders on Wednesday, May 21 at 8 a.m. CT in a virtual-only format via audio webcast.

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image for news Phillips 66 to Host Annual Meeting of Shareholders
Phillips 66 Provides Statement of Critical Facts
PSX
Published: May 09, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 today provided investors with important information to make fully informed voting decisions at the Phillips 66 Annual Meeting on May 21.

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image for news Phillips 66 Provides Statement of Critical Facts
Phillips 66: Refining Turn & Activist Pressure Create Opportunity
PSX
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Neutral

Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic challenges. Q1 results were weak, with a $0.90 loss per share, but turnaround work should improve margins and throughput in the near term. The company is reducing debt and focusing on shareholder returns, with potential upside from asset sales and improved refining margins.

Read More
image for news Phillips 66: Refining Turn & Activist Pressure Create Opportunity
Elliott Management Presents the Choice for Phillips 66 Shareholders
PSX
Published: May 06, 2025 by: PRNewsWire
Sentiment: Neutral

PSX Leadership Supports Poor Performance and the Status Quo Elliott's "Streamline 66" Plan Would Create a Stronger Phillips 66 Based on Experience and Results, Not Rhetoric Visit Streamline66.com to Download the Full Presentation WEST PALM BEACH, Fla. , May 6, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Management Presents the Choice for Phillips 66 Shareholders
Elliott Sends Letter to Shareholders Detailing Phillips 66's Broken Corporate Governance and Disingenuous Shareholder Engagement
PSX
Published: May 02, 2025 by: PRNewsWire
Sentiment: Neutral

Asserts that the Company's Current Directors Have Allowed a Culture of Complacency and Deference to Management to Take Root in the Boardroom Debunks Phillips 66's Misleading Claims Urges Shareholders to Help Phillips 66 Unlock its Full Value-Creation Potential by Voting on the Gold Card for Elliott's Four Independent Nominees WEST PALM BEACH, Fla. , May 2, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Sends Letter to Shareholders Detailing Phillips 66's Broken Corporate Governance and Disingenuous Shareholder Engagement
Elliott Releases Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Michael Heim
PSX
Published: April 30, 2025 by: PRNewsWire
Sentiment: Neutral

Episode With Mr. Heim, A Founder of Targa Resources, Features Perspectives on Phillips 66 Operations and Value-Unlocking Options for the Company's High-Quality Assets Visit Streamline66.com to Subscribe to the Podcast and Learn About Elliott's "Streamline 66" Campaign at Phillips 66 WEST PALM BEACH, Fla.

Read More
image for news Elliott Releases Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Michael Heim
Phillips 66 (PSX) Reports Q1 Earnings: What Key Metrics Have to Say
PSX
Published: April 25, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Phillips 66 (PSX) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Phillips 66 (PSX) Reports Q1 Earnings: What Key Metrics Have to Say
Phillips 66 Posts Wider-Than-Expected Q1 Loss on Lower Refining Volumes
PSX
Published: April 25, 2025 by: Zacks Investment Research
Sentiment: Negative

Lower realized refining margins worldwide hurt PSX Q1 earnings.

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image for news Phillips 66 Posts Wider-Than-Expected Q1 Loss on Lower Refining Volumes
Phillips 66 (PSX) Reports Q1 Loss, Tops Revenue Estimates
PSX
Published: April 25, 2025 by: Zacks Investment Research
Sentiment: Negative

Phillips 66 (PSX) came out with a quarterly loss of $0.90 per share versus the Zacks Consensus Estimate of a loss of $0.77. This compares to earnings of $1.90 per share a year ago.

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image for news Phillips 66 (PSX) Reports Q1 Loss, Tops Revenue Estimates
Elliott Releases Fourth Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Sigmund Cornelius
PSX
Published: April 22, 2025 by: PRNewsWire
Sentiment: Neutral

Discussion Focuses on His Significant Experience at ConocoPhillips and Importance of Evaluating Opportunities to Realize Full Value of Phillips 66's Assets Visit Streamline66.com to Subscribe to the Podcast and Learn About Elliott's "Streamline 66" Campaign at Phillips 66 WEST PALM BEACH, Fla. , April 22, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Releases Fourth Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Sigmund Cornelius
Analysts Estimate Phillips 66 (PSX) to Report a Decline in Earnings: What to Look Out for
PSX
Published: April 18, 2025 by: Zacks Investment Research
Sentiment: Negative

Phillips 66 (PSX) doesn't possess 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 Analysts Estimate Phillips 66 (PSX) to Report a Decline in Earnings: What to Look Out for
Veteran Energy Executive Gregory Goff Backs Elliott's Plan to Unlock Value at Phillips 66
PSX, XLE
Published: April 09, 2025 by: PRNewsWire
Sentiment: Neutral

Elliott Welcomes Support from Former Andeavor CEO Gregory Goff as It Seeks Strategic, Operational and Governance Improvements at Phillips 66 Learn More at Streamline66.com WEST PALM BEACH, Fla. , April 9, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Veteran Energy Executive Gregory Goff Backs Elliott's Plan to Unlock Value at Phillips 66
Elliott Launches "Streamline 66" Podcast Featuring 1:1 Conversations with Its Best-in-Class Director Nominees
PSX
Published: April 08, 2025 by: PRNewsWire
Sentiment: Neutral

First Episode with Brian Coffman, Former CEO of Motiva, Features Refining Discussion Based on Over 40-Years of Industry Expertise Program Accessible on Apple, Spotify, YouTube and More Visit Streamline66.com to Learn About Elliott's Campaign at Phillips 66 and Subscribe to the New Podcast WEST PALM BEACH, Fla. , April 8, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Launches "Streamline 66" Podcast Featuring 1:1 Conversations with Its Best-in-Class Director Nominees

About Phillips 66 (PSX)

  • IPO Date 2012-04-12
  • Website https://www.phillips66.com
  • Industry Oil & Gas Refining & Marketing
  • CEO Mr. 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.