Phillips 66 Stock News

Trump's win cements what we've been saying for months: You can forget about a hard landing or a soft landing—This economy is headed for no landing at all.

The most important element of corporate stock buybacks is the reduction in the share count.

These two dividend stocks and an ETF are packed with way more passive income potential than the S&P 500.

Phillips 66 (NYSE:PSX ) Q3 2024 Earnings Conference Call October 29, 2024 12:00 PM ET Company Participants Jeff Dietert - VP, IR Mark Lashier - Chairman & CEO Kevin Mitchell - CFO Don Baldridge - EVP, Midstream and Chemicals Rich Harbison - EVP, Refining Brian Mandell, - EVP, Marketing and Commercial Conference Call Participants John Royall - JPMorgan Roger Read - Wells Fargo Neil Mehta - Goldm...

HOUSTON--(BUSINESS WIRE)--Phillips 66, a leading integrated downstream energy provider, announced third-quarter earnings.

Investing in equal parts of these three dividend stocks produces an average yield of 4.8%.

Phillips 66 offers a 3.4% dividend yield and growth potential in EBITDA, making it a solid investment for passive income investors. The company is well-managed with a diversified downstream portfolio, focusing on cost reductions and asset dispositions to improve capital returns. Despite low refining margins, PSX has consistently grown its dividend since 2013, with a total increase of 238%.

Last week's oil-price drop has set us up to buy some top-flight energy dividends on the cheap. We're going to grab one with a “hidden” 10.3% yield in just a moment.