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 326.8881
  • Book/Share 69.704
  • PB 1.7793
  • Debt/Equity 0.6894
  • CurrentRatio 1.2282
  • ROIC 0.0121

 

  • MktCap 48211993200.0
  • FreeCF/Share 3.6581
  • PFCF 32.4005
  • PE 27.7455
  • Debt/Assets 0.2617
  • DivYield 0.039
  • ROE 0.062

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 5
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Reiterated PSX TD Cowen -- Buy $130 $134 July 28, 2025
Downgrade PSX Citigroup Buy Neutral -- $130 July 16, 2025
Downgrade PSX Scotiabank Sector Outperform Sector Perform -- $133 July 11, 2025
Initiation PSX Evercore ISI -- Outperform -- $130 June 18, 2025
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

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.

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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.

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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
Here's Why Retain Strategy is Apt for Phillips 66 Stock Now
PSX
Published: April 04, 2025 by: Zacks Investment Research
Sentiment: Positive

PSX focuses more on businesses like midstream, renewables and chemicals, which stabilizes the company???s business model.

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image for news Here's Why Retain Strategy is Apt for Phillips 66 Stock Now
Phillips 66 (PSX) Stock Sinks As Market Gains: Here's Why
PSX
Published: April 02, 2025 by: Zacks Investment Research
Sentiment: Negative

The latest trading day saw Phillips 66 (PSX) settling at $124.06, representing a -0.23% change from its previous close.

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image for news Phillips 66 (PSX) Stock Sinks As Market Gains: Here's Why
Goldman Sachs Shifts Oil Sector Outlook: Par Pacific Set For Rebound, Phillips 66 Faces Challenges
PSX
Published: March 27, 2025 by: Benzinga
Sentiment: Neutral

Goldman Sachs analyst Neil Mehta revised the rating and updated estimates on Thursday for several major American oil companies.

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image for news Goldman Sachs Shifts Oil Sector Outlook: Par Pacific Set For Rebound, Phillips 66 Faces Challenges
Elliott Management Applies Pressure With Phillips 66 Board Fight
PSX
Published: March 26, 2025 by: Seeking Alpha
Sentiment: Neutral

Phillips 66 has underperformed compared to peers, with chronic issues in its Refining Segment and large investments in underperforming global pet-chem plants. Earlier this month, activist investor Elliott Management nominated seven directors to PSX's board and is lobbying to spin-off PSX's Midstream Segment to unlock shareholder value. PSX's Midstream Segment has shown strong growth and is its most consistent well-performing segment, enabling robust dividend growth since going public.

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image for news Elliott Management Applies Pressure With Phillips 66 Board Fight
Phillips 66 Nominates Two Directors as Battle With Activist Investor Elliott Continues
PSX
Published: March 26, 2025 by: Investopedia
Sentiment: Neutral

Oil refiner Phillips 66 (PSX) said Wednesday it is nominating two new directors to its board, as its proxy fight with activist Elliott Investment Management continues.

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image for news Phillips 66 Nominates Two Directors as Battle With Activist Investor Elliott Continues
Elliott Announces Director Candidates for the Board of Phillips 66
PSX
Published: March 04, 2025 by: PRNewsWire
Sentiment: Neutral

Elliott Has Nominated Seven Highly Qualified Candidates with Best-in-Class Experience in Refining and Midstream Operations, Capital Allocation, and Complex Transactions Files Preliminary Proxy and Submits Proposal to Annually Elect All Directors Full Materials Available at Streamline66.com WEST PALM BEACH, Fla. , March 4, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Announces Director Candidates for the Board of Phillips 66
Phillips 66: Ignore Elliott Management
PSX
Published: February 25, 2025 by: Seeking Alpha
Sentiment: Positive

Phillips 66 has seen strong pressure from Elliott Management, which has become a top 5 shareholder advocating for a breakup. The company has an impressive and growing dividend yield along with a commitment to share repurchases. The midstream business helps to protect the company from volatility while providing strong shareholder returns, making it a valuable investment.

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image for news Phillips 66: Ignore Elliott Management
Phillips 66 Secures Lease on New Floating Storage in Singapore
PSX
Published: February 21, 2025 by: Zacks Investment Research
Sentiment: Positive

PSX has leased a new floating storage vessel in Singapore, expanding its fuel oil capacity in one of Asia's key bunkering hubs. The move strengthens its trading flexibility in the region.

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image for news Phillips 66 Secures Lease on New Floating Storage in Singapore
EQNR vs. PSX: Which Stock Is the Better Value Option?
EQNR, PSX
Published: February 14, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors interested in stocks from the Oil and Gas - Refining and Marketing sector have probably already heard of Equinor (EQNR) and Phillips 66 (PSX). But which of these two stocks offers value investors a better bang for their buck right now?

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image for news EQNR vs. PSX: Which Stock Is the Better Value Option?
My Top 10 High Dividend Yield Stocks For February 2025: Two Yield Over 7%
ARCC, CVX, IBDRY, MO, PEP, PNC, PSX, QSR, VOO, VZ, ZURVY
Published: February 13, 2025 by: Seeking Alpha
Sentiment: Positive

Implementing a high dividend yield strategy can provide substantial income and stability during market volatility, supporting long-term investment goals without selling during declines. The selected 10 companies offer Dividend Yields [FWD] between 3.22% and 8.06%, with attractive Dividend Growth Rates and appealing valuations, enhancing portfolio sustainability. Each company exhibits a P/E [FWD] Ratio below 20, which reflects their attractive valuation.

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image for news My Top 10 High Dividend Yield Stocks For February 2025: Two Yield Over 7%
Phillips 66 Q4 Earnings Top Estimates Despite Lower Refining Margin
PSX
Published: February 11, 2025 by: Zacks Investment Research
Sentiment: Positive

PSX aims to significantly lower refining costs over the next two years, driven by the Los Angeles Refinery shutdown and strategic efficiency improvements.

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image for news Phillips 66 Q4 Earnings Top Estimates Despite Lower Refining Margin
Elliott Sends Letter and Presentation to the Board of Phillips 66
PSX
Published: February 11, 2025 by: PRNewsWire
Sentiment: Neutral

Highlights Need to Streamline Portfolio, Improve Operating Performance and Enhance Oversight Discloses a More Than $2.5 Billion Position Full Letter and Presentation Available at Streamline66.com WEST PALM BEACH, Fla. , Feb. 11, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

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image for news Elliott Sends Letter and Presentation to the Board of Phillips 66
Activist Elliott Management ramps up stake in Phillips 66 to $2.5 billion
PSX
Published: February 11, 2025 by: CNBC Television
Sentiment: Positive

CNBC's Andrew Ross Sorkin reports on the latest news.

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image for news Activist Elliott Management ramps up stake in Phillips 66 to $2.5 billion
Elliott has reportedly increased its Phillips 66 stake. Here's its plan.
PSX
Published: February 11, 2025 by: Market Watch
Sentiment: Positive

Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space.

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image for news Elliott has reportedly increased its Phillips 66 stake. Here's its plan.
Activist Elliott builds over $2.5 billion stake in Phillips 66, WSJ reports
PSX
Published: February 10, 2025 by: Reuters
Sentiment: Positive

Activist Elliott Investment Management has built an over $2.5 billion stake in Phillips 66 and plans to push the oil refiner to consider operational changes to boost its stock price, the Wall Street Journal reported on Monday.

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image for news Activist Elliott builds over $2.5 billion stake in Phillips 66, WSJ reports

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.