Phillips 66 Stock News

Phillips 66 remains a strong investment after weathering a challenge from Elliot Management, which I advised investors to disregard. The company's focus on its complex and diversified asset portfolio underpins its resilience and growth potential. Phillips 66's strategic priorities and operational discipline continue to drive shareholder value.

Elliott's board involvement and recent asset sales signal a constructive shift toward focus and efficiency, supporting my continued buy rating on PSX. Operational improvements are evident: Q2 refining margins rebounded, utilization hit a six-year high, and cost per barrel dropped to a four-year low. Midstream growth and secure 4% dividend yield provide stability, but deleveraging remains a prio...

Phillips 66 has reduced gasoline output at its 258,000 barrel-per-day Bayway refinery in Linden, New Jersey after a fire near the plant's gasoline producing unit, two people familiar with the matter said on Thursday.

U.S. refiner Phillips 66 was ordered to pay biofuel maker Propel Fuels $800 million in damages for stealing trade secrets to build up its renewable-fuel capabilities, according to a California state court document.

Phillips 66 (NYSE:PSX ) Q2 2025 Earnings Conference Call July 25, 2025 12:00 PM ET Company Participants & - Corporate Participant Brian M. Mandell - Executive Vice President of Marketing Commercial Donald A.

Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses.

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced second-quarter earnings.

The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media